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https://www.census.gov/content/dam/Census/library/publications/2015/demo/p25-1143.pdf
Much depends on if this really happens.
With the forecast for 100M more people in the US over next 45 years, it is entirely possible real estate won’t “crash” again as it did in 2008-11.
Future downturns may be more subtle and regional with far less dramatic impact on the overall financial system.
The US needs immigration to pay for the future entitlements of retirees.
There is no alternative.