When is the housing market going to correct?

We are near the peak. Boomers will die or retire soon and all their McMansions will go on the market while zoomers and millenials are downsizing to tiny homes or van life. Plus if the FED ever normalizes interest rates home prices will collapse.

I’m interested in buying my first rental property. Any recommendations as to where? There are a few towns out there that are still extremely cheap to buy, and rental prices are worth the low cost of a mortgage

>houses only go up
why?

Your forgot that boomers havr kids and grandkids that will inherit the fucking houses

all the houses are reverse mortgaged to the max, there's nothing to inherit

Kek implying they won't sell the house to go on vacation for the rest of their lives. Fuck you kids.

This but mostly they want White gentiles exterminated. Unironically that is what they preach their monstrous (((yahweh))) demands from them.
Don't believe me?
Watch the entirety of this
youtube.com/watch?v=QX20CbMvF24
Wake up White Man.

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>Inflation and the actual value of a house staying the same
what does this mean? Brainlet here

>Once democrats negrofy neighborhoods with multifamily homes all the baby boomer houses will be worth half what they are now lol
no because the law of supply and demand

Correct. Overpopulation. Even if we had enough food for everyone, there will always be a limited amount of land.

>if the FED ever normalizes interest rates
will it? Imho no..

Basically the currency USD for example inflates and is worth less. This means the house seems to cost more while still holding the same value.
It's not that the house is worth a lot but that the money is worth little so you use lots of money to buy it.

Why don't we measure house prices in gold or some shit then so it doesn't look all mongofied like it does now

>all their McMansions
all their McMansions will go to the sons
who tells you they will sell at loss?

>implying they won't sell the house to go on vacation for the rest of their lives
lol.. ridiculous counterargument

No it will be reverse mortgaged so the boomers can pay for Caribbean cruises. If millennials do inherit it will be immediately put on the market and sold to fund their onions and avocado addiction.

>Inflation and the actual value of a house staying the same
so this should work also with stock market?

When 30% of population dies either in nuclear war or another pandemic.

Because we don't trade gold as a common currency.
Things are usually valued in their countries or markets common currency.

you worded it wrong, not enough land on which the government lets you build on

Despite what maxis claim, land is the first verifiably scarce asset with a minuscule emission rate. Hell with sea levels rising it has a 'token burn'