Rob Moore argues property is uniquely resilient because its value has risen for centuries. A thousand years ago, all UK land was worth roughly £1 million total. Today, a single parking space in central London costs £1 million.
People think the only way property could go to zero is if we have no use for it. Even with the weirdest future tech, that's never going to happen. If you can go back far enough and find the price of something, if over time it keeps going up, that's the best indicator that in the future it will keep going up. The furthest I've been able to go back in property is about 1,000 years, and the total value of all the land and property 1,000 years ago in the UK was £1 million. Now, in central London, you'd be lucky to get a car parking space for £1 million.
