Ray From Cleveland
Diamond Member
- Aug 16, 2015
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When we run out of boomers and their kids there's going to be a massive oversupply of housing unless we get out borders under control
Absent both legal and illegal immigration we're not even meeting replacement rate in the US.
As I said, we don't need to increase our population to avoid this problem, we need to decrease it.
We are a population of 340 million people. We did just fine with 300 million people, 280 million people, 250 million people. More housing takes up more land. Over supply of housing? Okay, so what happens when there is more supply than demand? Prices drop and supply stops.