A few years ago I remember a conversation I had with an buyer. I told him back in 1990 he could have purchased that real estate investment for 30 cents on the dollar of current prices. He laugh so hard and said... No Way it would never happen again. I responded “Maybe not in my lifetime but probably yours”. People quickly forget history.
I can't imagine 50 million more in the U.S. in the next decade or two will be like but that's what's going to happen. If you have RE you can sit on for a few years...I would opt to do just that.
All bets are off for areas with few jobs, and lousy weather where heating and cooling costs become brutal.