re: The average US house now requires a salary of $106k-a-year - $50k more than in 2020

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My opinion, just based on knowing the share of folks I do who are in their late 60s - early 80s, is that they will burn all of the money they have left kicking and screaming before downsizing homes.

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If they can afford it, and many can, why should they choose to leave the home they love? Besides, most of them have paid off houses. I'm not leaving my paid off house until I can't walk up the stairs.

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My opinion, just based on knowing the share of folks I do who are in their late 60s - early 80s, is that they will burn all of the money they have left kicking and screaming before downsizing homes.

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If your house is paid off or you are locked in at a sub 3% interest rate, why would you downsize and pay more money?

I don’t see the inventory problem improving. People are not walking away from equity and low interest rates to pay more money for less house. There will always be some movement, but you’d be stupid to change now.