typical normie-tier article that half-explains things, but ignores a lot of other things. they talk about real estate as investment but neglect the value as primary residence and domicile.

55% of Millennials surveyed said they wanted to invest in real estate.

Aka millennials would like to purchase primary residence and not rent. (Yes yes 30 yr loan + HOA fees + taxes is not 'ownership', but renting is even less ownership.)

Boomers pay $100-200k for their residence(s) back in 70s-90s.

Low interest rates of 00s, boomers pick up 2nd 3rd property,

Inflation, Blackrock getting cash directly from gov., 'invest' in properties to drive up prices.

Boomers take out reverse mortgage from schlomo to collect on their fake inflated real-estate 'gainz' to buy cruises, boats, motorcycles, whatever else toys.

Low inventory since no one wants to sell w/ slightly higher rates, which aren't even that high when comparing to rates from 1970s-early 00s.

Eventually boomers die, banks take back the houses since schlomo now owns it from the reverse mortgage.

Banks then give houses to migrants or rents to millennials