Comments by "worn down" (@worndown8280) on "What is a Housing Market CRASH" video.

The difference today is demography. There is not the demographic demand for homes that there was in 2008. The Millennials are already fully in the family making age cohort. So as Boomers die you will see massive deflationary pressure since they, of whom 29% have already died, currently hold 44% of all homes. Over the next decade you are going to see at least another 20-30% of Boomers pass on and 44% of them will have homes that need to be liquidated as part of their estate. Gen Z created by Gen X, is the smallest generation in American history. It lacks the numbers or the wealth to keep prices high. Regardless of how much of a crash we see, housing futures look deflationary, until we have another baby boom. And the Millennials are having much fewer kids that they were projected to so that generation, Gen Alpha, is going to be smaller as well.
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This is only if housing is in a vacuum, it is not. Housing is an asset in a larger economy. With inflation eating away at purchasing power you will reach a point where other parts of the economy fail, people lose jobs, homes get foreclosed on. At the same time other industries, trying to stay afloat, will cut wages or more jobs, meaning more people either must sell homes or get foreclosed on. Home and rental prices being so high only make this happen faster. High prices fix the very problem it causes. Though along the way many people are hurt. The question as always is how much of a change will occur.
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