Fannie Mae-No Politics (FNMA)

[Sogo]

Guessing here: Maybe he's referring to a demographic time bombs of sorts, whereby the baby boomer generation passes away at a higher rate, and / or retires at a higher rate (meaning more of them retire). Many think that will put pressure on housing prices, as their children don't want to inherit their houses, so they'll sell.

I'm not sure why he said people will start to figure it out within the next 36 months. On that timeline, I imagine that if interest rates continue to rise, that will trigger significant price drops. And if China's economy continues to struggle, that will put pressure on prices because they've been buying a lot of property here over recent years. Rosner's mentioned student loans delaying home ownership, too. I wonder why he says he "is certain" of this, and why 36 months is his timeline.