AI (artificial intelligence) Will it Bring the Value of Real Estate to Zero?

[William Coet]

AI developments are being referred to as more significant than the Industrial Revolution by very intelligent and established tech leaders.

This IS going to change things drastically and probably much quicker than most realize.

The question I have is this:

AI will likely be the most extreme deflationary effect ever experienced by mankind. AI machines can extract resources such as minerals and food and distribute them at no cost. AI will be able to replace all repetitive labor jobs first and then more complex jobs. Nvidia CEO and others are talking about robots being able to construct robots. AI will be able to construct homes at near zero cost. Currency may become irrelevant. What will happen to the value of peoples assets? In this case, homes? If people can access basic needs, and even new homes, for free it will eliminate rent and sales for many existing homes. I'm wondering if people who have assets (such as homes and apartments) will be given some type of credit that can be used, but what would it be used for if there is no scarcity of goods and services?