Considering how crazy expensive accommodations have become the last couple of years, concentrated in the hands of greedy corporations, landlords and how little politicians seem to care about this problem, do you think we will ever experience a real estate market crash that would bring those exorbitant prices back to Earth?
Given that most modern construction has a mortgage with some bank, a “Mass Death of Owners (and their descendants and families)” would just make the homes pass on to be property of the bank.
But the bank will now have a glut of properties to sell or rent out, and far fewer people competing to buy them, so prices would drop.
Sadly, they will just claim bankruptcy and we will bail them out… again. Eat the rich.