Real estate is both overvalued and over taxed.

In the United States, local communities collect property tax. If your tax rate is 2%; then the government takes the full value of your property every 50 years. If it is 3%; the government takes the full value of your property every 33 years.

Where I live some people buy property in gold as a protest to fiat currency. The game of buying things with gold or other bartered items has been going on for generations.

!beer