Look at external migration from the last ~5 years then. Wars, povery, political extremism, climate change, etc. refugee waves will only continue so I'm pretty sure hosuing demand wil keep going up no matter how your local demographics tank.
Safe to assume housing market aint going to go bust anytime soon if you live anywhere in the first world cities.
That's assuming western countries let refugees in. Right now, that's not on the political agenda. That might change if the housing market forces their hand but between xenophobia and greed, I'm not sure which one wins out in the end
Safe to assume housing market aint going to go bust anytime soon if you live anywhere in the first world cities.