You think we're going to live 10x longer than our parents, but without some kind of singularity/mind-in-a-computer thing? So you think we're biologically going to live to ~800?
It's more like the world is going to be radically different place in 50 years, and owning property in a formerly 'important' part of the world doesn't quite have that cachet anymore...
I thought about this and I can construct some logic to support his phrasing.
Suppose we figure out how to end aging, but people continue to die at the same mortality rate as the 25-34 year old group. That's roughly 1/1000 per year.
(999/1000)^692 = 0.5
If we could nudge that mortality rate down a bit, 800 seems like a pretty good ballpark estimate.
Given that, buying a house seems too... parochial.