US high school enrollment increased 1-2% every year from 1990 to 2007, after which it went down, not recovering for a decade.
The median first home purchase is at 33 currently.
Combine those two facts and you have demand for a first home peaking between 2035-2040. Add on top of that the older boomer generation peak dying or otherwise vacating homes and the effects of significant immigration backpressure and you have yourself a housing crash which will likely get priced into the market before these peaks happen.
That could well be round two as it is far enough in the future, the first round being the current global political breakdown and long running bull market reaching a tipping point.
I'm not sure how you get from those stats cited to a first home demand peak in 2035-2040. Class of 2007 grads are ~31 now. They want to buy now, not in 2035. Did you mean to type 2025?
The median first home purchase is at 33 currently.
Combine those two facts and you have demand for a first home peaking between 2035-2040. Add on top of that the older boomer generation peak dying or otherwise vacating homes and the effects of significant immigration backpressure and you have yourself a housing crash which will likely get priced into the market before these peaks happen.
That could well be round two as it is far enough in the future, the first round being the current global political breakdown and long running bull market reaching a tipping point.