Comments by "worn down" (@worndown8280) on "Should The Government Be Involved in "FIXING" The Housing Crisis?" video.

Real estate is at an all time high now. And it is only due to demography. Boomers own 44% of all single family homes. That is because their age cohort is so large. As they die those properties will be sold off. You look at home price inflation and income stagnation and all of them are due to the boomers age cohort size. And then when the Millennials got into the market it super overheated in 2008 because demand and prices got to high. Not as the Millennials are fully into family creation, the ones who are going to anyways, demand has largely peaked. At the same time the next two generations, the Zoomers and Gen Alpha are each not even half as large as the boomers. So as the boomers die it will take at least two generations of demand to make up that difference. Real estate will only go down from here. You only have to look at the demographics. So the solution to this problem is just time. Time will fix this, as it does most things, if they are left alone.
1
@joeswanson733 It will, over the next two decades and forever after. Until women decided to have at least 2.1 children each. Otherwise the population will still keep declining. Its the same reason why even a decade ago, the most expensive city on the planet was Tokyo, but now its not even in the top 10, I dont even know if its in the top 20. People do not understand how fast this change happens. Its literally like a teeter totter. You just a little far out and slam down it goes. In this case thats the price. This says nothing about the millennial family creation levels which are far lower than even the lowest estimates made.
1