+1 on on the beach lifestyle. That’s why we spend a lot of time in San Diego and HI, and, as has been said, most of our Boomer friends feel the same. Do have a few friends who prefer a mountain or desert lifestyle, so we just visit them when we feel the need for wide open spaces.
It’s also easy to visit other locales to enjoy more sophisticated aspects of
life–theater, shopping, fine dining, etc.–whenever a person might choose.
As far as the OP, I do think there may be a “priced out” effect in many aspects of life for much of society going forward.
However, even though the industries and faces may change over the years, (again, survival of the fittest) imo, in the net, with the population increasing at an exponential rate, I think the demand for housing (rented or owned) will remain strong in desirable areas.
