My long term prediction is that once the boomers start dying off in droves, we'll face a real estate crisis as their houses flood the market...and many less desirable neighborhoods throughout suburbia will turn into mini ghost towns.
I come from northern Italy and during my relatively brief lifetime (length(life.qubex)>40) I’ve seen this happen to formerly exclusive “Beverly Hills”-type affluent residential areas (and un/gated communities). Enormous, cavernous hangar-sized homes that used to be worth millions of euros now struggling to sell for a couple hundred thousand.
