@Rocky41

It WILL change. The market demand, besides artificial scarcity because municipalities that aren't really geographically bound by water/mountains play constant fuck-fuck games with their zoning authority.

A toxic stew of perpetually trying to maximize property tax income, but minimize anything that consumes city services. And favoritism, patronage, payback, and punishment. Plus, whatever NIMBY-bitching they actually respond to by their AWFUL/Karen constituents.

But, either way, as Boomer deaths and nursing home admissions rise and single family homes vacate, Gen-X isn't big enough to buy all the homes, and Gen-X is moving into empty-nester territory itself too... supply will go up.

Millennials are a bigger cohort than Gen-X but not bigger than Boomers, much less Boomers & X combined. Zoomers, even smaller.

Blackrock buying all those houses? Somebody has to buy or rent them, eventually, or they'll lose their shirt.

The house may have been vacant for 5+ years, the copper is all gone, and the lawn is 3 feet high... and figuring out what bank or municipality holds the deed might be difficult at first, but, the supply will be up.

Add to that, whatever economic pressures are slowing home buying or mortgages. Because the economy, cities, infrastructure, utilities... all of it grows to meet demands, but there is no formal mechanism to contract it all as the population shrinks.

And, unless complete political mayhem happens, say something like Democrat single-party control over the whole US, etc. The flood of illegals, for better or worse, barely holds the  population of the US level now. And unless it gets even bigger, it won't compensate for the shrink soon.

A pyrrhic victory, either way.

And, illegals can't fill the market niches that are key points in things like mortgages, and certain jobs. Their anchor babies might... but not them.

And, American economic contraction from demographic decline may reduce economic incentives to come here. And, improvements abroad in 3rd & second world nations, in economic conditions, and in political violence/crime could stop pushing them here. And the improvements at home, those will also lower the birth rates and reduce the supply able to try and come here.

The "housing crunch" will end. Either just prices flattening, as wages/inflation catches up. A dramatic shrink in demand. Or a glut of supply, even if it looks kinda like Detroit, and the houses are $1 city deeds with a contractual obligation to remodel the property.

If anybody wants to cash out, plan accordingly.