The price of housing will fall greatly when the baby boomers begin to die off, its going to turn the market upside down when it happens. This generational handover will look nothing like any that has come before because of its magnitude and the relative paucity of non real estate assets a majority of the boomers possess.
I disagree, but you're entitled to your opinion. There's enough buyers out there to soak up real estate inventory boomers will want to unload. Millenials are screwed but foreign buyers will do fine.
You can't count on foreigners for this sort of thing. Even in liberal Vancouver they're lowering house prices by slapping a tax increase on foreign purchases.
It does seem likely millennials get screwed in any outcome but what else is new, the savvy ones already account for that.
