> If you buy a house today for $500k on a 30-year you'll spend close to a million dollars before you own it if you ride the loan out, and adjusted for inflation, you will probably take a loss on it. Possibly a large loss. Unless we see mass immigration the market 30 years from now is simply going to be smaller.
It really depends where your $500k house is located. "Location, location, location" is the saying for a reason. If your home is in an area with continued economic opportunity and growth and it has not been destroyed by climate change related severe weather events, it doesn't matter that much what the macroeconomic housing market is doing; your property will be in demand.
It really depends where your $500k house is located. "Location, location, location" is the saying for a reason. If your home is in an area with continued economic opportunity and growth and it has not been destroyed by climate change related severe weather events, it doesn't matter that much what the macroeconomic housing market is doing; your property will be in demand.