Yeah, the thing about property not being an asset is a LARGE bit to swallow.
Just because it is NOT, and NOT and not how things are done now. Meaning, at least 3 big changes is coming, to make it so. To me, they are all one big sticky mess, and so will all change together.
Sooooo, it will be an asset, to those who live and farm there. But it will not be a financial asset, because no one sells property where all their friends live. And it just become something not done.