Baby boomer SFH supply explosion

[Ryan Webster]

Just a thought experiment. As the baby boomers progressively move to retirement communities and sell their SFH. And millennials continue to choose renting over owning. The immense supply of SFH should drive down prices. Removing the affordability barrier for the millenials interested in home ownership. However since there are not enough home buyers millenials or otherwise to replace the baby boomers wont this create a lack of demand and poor inventory absorption forcing home prices to stay lower. Could we be waiting for a rebound that never comes?