A true decrease, in my mind, should cause prices to dip as well.This is a recent article regarding millennial's movement. 

People rent homes for a lot of reasons....1) They recently relocated to the area and need to scope things out before they buy. 2) Renting can be cheaper than buying, plus you don't have to deal with all the capex and repairs. 3) The millennials like to move around a lot.

It seems as if we are becoming a renter nation, and millennials are going to be driving that along with baby boomers.  

I kept getting poor quality tenant apps so I furnished a couple houses and posted them on Airbnb and earn nearly double previously asking rent and now get upscale Millennials as guests from wealthy places like Boston and Ct.Quite an improvement over the Section 8'ers, felons, large families on disability with huge dogs...Best description of a dog...

The other side of this argument is, there are a LOT of people who are renting but want to buy, particularly millennials and educated white collar immigrants.

Most people who i work with from BP using this or similar strategies are young professional millennials, qualifying for a purchase price on average $550-$750K give or take, and with that price point wanting something North Park, Normal Heights, Mission Valley, Clairemont, Serra Mesa, and Mira Mesa. 

Maybe this whole thing about escaping a rat race is just a extension of millennial thinking. 

I believe those homes are set up to hold their value as the millennial generation ages.

In our National builders monthly magazine there was an article on the millennial buyers..

That kind of jump is motivating to any investor, because it goes to show you don't have to think small forever.Podcast #223: This is the one I've been making all the millennials at my office listen to because it really gets them thinking.