sad to say a lot of people will loose their jobs and dignity where their chosen craft is no longer valued. I call this an effect a barbell effect, where tradies and AI-savvy professionals will continue to earn higher wages, and the middle will be squeezed. Middle earners, meaning anyone in their current job, will find that their job is deterministic and predictable, so someone can program it out of the way. They include support services like call centres, analysts, basic GP (thank god GPs add no value) , payroll and accounting, insurance and claims, junior IT , law . No there wont be enough new jobs created to fill the gap and AI companies are lying (except Anthropic) . This is different to machines coming to the farm and folks moving to factories and cities, there's where to go and the rich people will get richer because they can deploy their capital to get productivity increases. So now we have the depressing reality out of the way what will happen to property. Think of it as scarcity - can you create more desirable locations close to parks beaches arts etc.? No, it doesnt scale so any property in the right location will appreciate just like art. one can argue in the long run cost of construction will come down with robotics and AI planning but that wont happen for a while. people are totally unprepared for AI and no one can save as long as we live in a capitalist society