That quote makes a lot of sense in a country with limited land like somewhere in Europe. It doesn't make sense in the United States where we have large swathes

That quote makes a lot of sense in a country with limited land like somewhere in Europe. It doesn't make sense in the United States where we have large swathes of completely undeveloped land. Even useful farmland is only a few multiples of $1000/acre. Your quote would force them to appreciate in price 100 years from now, but on timescales shorter than that I don't see it providing any real guarantee. Just look at Detroit.