This is right too. Although on some level one suspects parts of this problem are self correcting over a longer timescale. If the predicted population implosions begin to manifest, there will also be a corresponding decrease in the demand for housing, and a corresponding increase in wages paid to labor as it becomes more scarce. These trends will make having children easier. I know it's hard to picture that world but many times it has come to pass that we have arrived after twenty years at a world that would have been hard to predict.