Why buy real estate when population isn't growing?

[Anonymous]

I assume we’ll need to dramatically increase high-skilled immigration + fast track them for citizenship to fix this in 15-20 years once the decline is clear and the economy shows signs of it. Not sure if that’ll fix it but it’ll buy us more time.

We’re in a starter home now and will upgrade to a $2-3M house in the future and have accepted it’s a sunk cost / we will be lucky if we get $1M adjusted for inflation when we go to sell in 2050 or whatever.

Millennials will get screwed both entering and leaving the housing market - buy at peak population and have to compete with downsizing cash rich boomers and sell at the a population dip without enough buyers to maintain a healthy supply / demand curve.