The prompt says 2140. When the store of value aspect of real estate is assumed by bitcoin, there is no force which can circumvent that. The government can insist, but if no one wants to buy the property, it doesnt matter what price the government tries to maintain it at. People buy houses for the reasons I described, without that impetus, we inevitably encounter a far different dynamic in society. Sure youll still see plenty of houses being bought, but no longer for the same reasons or in the same areas, because the investment angle of property will be far less. In the interim period, well go through several phases. initially property is the clear way to pause your resources by buying a finite asset. then bitcoin is invented and rises faster than property values (thats the phase were in now), then property appreciation slows while investors allocate some to bitcoin (thats still to come), then property values become to completely flatline, as people completely divest from real estate in their portfolio as an investment as its existence is becoming similar to that of other commodities and the value fluctuates year to year, some years the demand for livable property will exceed supply, other years it wont, and because of that the value will go up and down, similar to grains like quinoa. People will still own houses, of course, but it will be more like owning a car, everyone will have one, and there will still be sentimentality, but there'll no longer be the false sense of scarcity caused by it being so sought after as a way to store ones resources over time.

At this point, the intentionally stymieing of development begins to break down, as people in the industry begin to see the writing on the walls and cut their losses. Think lab diamonds vs natural diamonds. They flood the market, as they see now they can no longer charge the same amount, and may as well try to use their established position and scale to try to undercut their competitors and starve them.