We already are at a demographic cliff as older boomers begin to pass and younger boomers are retiring. Baby boomers are the largest generation in human history

We already are at a demographic cliff as older boomers begin to pass and younger boomers are retiring. Baby boomers are the largest generation in human history and it's looking like Millennials and Gen Z will not have nearly as many kids as their parents and grandparents. So even if they do want to own houses as much as boomers did, there's going to be a lot less of them to absorb the supply of housing on the market over time.