This demographic trend reverses itself in about 10-15 years as the comparatively tiny Gen-Z reaches homebuying age, but in the meantime there'll be an even bigg

This demographic trend reverses itself in about 10-15 years as the comparatively tiny Gen-Z reaches homebuying age, but in the meantime there'll be an even bigger pop as late Millenials (1990-1998) reach homebuying age and there are nowhere near enough homes for them all. It's worth pointing out that in most developed countries (but not the US), there are far fewer millenials than there are boomers. Also, most residential real estate in developed countries is owned by boomers, and the oldest boomers (right now, this year, in 2020) are entering their final years (age 75). I think even within 5 years most mid-tier cities in the developed world that aren't hopelessly supply-constrained will see huge drops in residential home prices.