No, that’s not true. First of all, population both globally and in the US is not decreasing, secondly, economic development is the primary driver of property values.
The way people generally think about houses as just another commodity is all wrong. When you buy land, you are not buying the physical dirt. What you are buying is a right, a right to operate in a specific location. A location that’s close to a lot of workplaces and services is going to be more in demand than one that isn’t. Any time a subway station opens up, the value of all nearby properties goes up, regardless of the ratio of people to houses.
they will actually decrease long-term (in most areas) as the population is shrinking, meaning less demand for housing.
No, that’s not true. First of all, population both globally and in the US is not decreasing, secondly, economic development is the primary driver of property values.
The way people generally think about houses as just another commodity is all wrong. When you buy land, you are not buying the physical dirt. What you are buying is a right, a right to operate in a specific location. A location that’s close to a lot of workplaces and services is going to be more in demand than one that isn’t. Any time a subway station opens up, the value of all nearby properties goes up, regardless of the ratio of people to houses.