No. The message is a different one. Property (latin Immobile, so unmovable) serves as a savings mechanism (Google Cantillon effect) but the dimensions are just insane due to money printing. Imagine people (the majority not just rich people with Ferrari) switch to “mobiles” instead of houses. Your Golf is worth 5 millions dollars. Great. You hardly use it for driving just as a store of value… That is the message! A home will always come with a price tag but with reasonable dimensions in connection to different salary income/home value ratios under a hard money standard (past: gold/future: #bitcoin?). nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u what do you think?
Discussion
The value of any property is infinite because ownership indefinite. A true fair price would be an infinite amount of money in any currency. Property prices are only limited by how much people can borrow.
The only workable economic system is one where property rights are limited in time. Via land tax according to Henry George or Silvio Gesell or once-off payments for a fixed-time use, essentially a long-term lease.
Singapore has such a system where you "buy" an "HDB flat" for 49 or 79 or 99 years. See "remaining lease" in this example table. This applies to ~80% of all property in Singapore.
It has nothing to do with hard or soft money.