We've got a LOT of runway before the "big one" in the US. In other countries (Japan, Italy, some parts of France) the slow decline is already well underway.
The answer to when the big crash happens is in the population data. At some point population starts to decline.
As with everything, the boomers will ride in the sunset with bags of gold. In 30 years housing will be fundamentally different in the US and just about everywhere in the Western world. Outside of the major cities it won't even be much of an investment anymore.
If you buy a house today for $500k on a 30-year you'll spend close to a million dollars before you own it if you ride the loan out, and adjusted for inflation, you will probably take a loss on it. Possibly a large loss. Unless we see mass immigration the market 30 years from now is simply going to be smaller.
The answer to when the big crash happens is in the population data. At some point population starts to decline.
As with everything, the boomers will ride in the sunset with bags of gold. In 30 years housing will be fundamentally different in the US and just about everywhere in the Western world. Outside of the major cities it won't even be much of an investment anymore.
If you buy a house today for $500k on a 30-year you'll spend close to a million dollars before you own it if you ride the loan out, and adjusted for inflation, you will probably take a loss on it. Possibly a large loss. Unless we see mass immigration the market 30 years from now is simply going to be smaller.