Demographics is the real key issue. A bulge of kids had reached home buying age all at once (the children of the Baby Boomers). We're now on the other side of

Demographics is the real key issue. A bulge of kids had reached home buying age all at once (the children of the Baby Boomers). We're now on the other side of that curve. Prices are starting to stabilize in all large cities that have seen a bubble. The demographic bubble/bulge was made worse by foreign investors, zoning, speculation, etc., but fundamentally all the kids of the Baby Boomers entered the market at about the same time. Housing Shortage After WWII (aprox. 1945-1955) 30 years latter another housing bubble (aprox. 1980s) 30 years after that another housing bubble (aprox. 2010s) Incidentally Trump is a good reflection of America. His father made a fortune in the post war housing bubble, Trump is the face of the 80s housing bubble, and now he's back again for this housing bubble.