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Effect of Population Drop Predicted by Elon Musk on Real Estate
Out of curiosity, have any investors thought seriously about how the population drop predicted by people like Elon Musk will affect the real estate market? Clearly, if it is as serious as he proclaims, there will be a substantial decrease in demand, contributing to lower prices nation-wide.
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- Rental Property Investor
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Elon Musk is saying population will start to decline in 2050. Even if he is right, that is 30 more years of growth. Even if he is right, he didn't say there would be a sudden die-off, just a downward trend. Even if he is right, unless new homes are built, housing stock also declines over time (fire, flood, wind, or due to just lack of maintenance) which could easily offset any population decline.
Seems to me the next 100 years or so looks pretty good for investing (from a population perspective.)