I would imagine many of us bubble sitters will buy a house again, when the price is right and when we can rent it out for positive cash flow should we need to.
But if you're 20 to 45 and you want to compete and get ahead in the global workforce, you need to be mobile. The days of living and working in one city, one state, one country or for one company for the rest of your life are pretty much over.
So are the days of "home anchorship" over? Especially with rents being a fraction of "ownership" costs?
Professionals (real ones, not fake jobs like "realtor") who are mobile and open to relocation will be in demand. Those who are anchored to a city or a house they can't sell are going to have trouble competing.
Also, with national borders disappearing, the idea of geo-arbitrage taking off, and many people being able to work from anywhere on the planet thanks to the internet and mobile phones, isn't even the basic idea of "home anchorship" so last-century?