Do you think the housing market can crash on its own?

Here is my crazy theory: After only one year of the second Trump admin, the US now seems to have damaged one of its greatest assets: namely attracting the cream of the crop. One second order effect of this is now we are entering population decline. If it becomes terminal, who is going to take out a 30 years mortgage on the overpriced houses? As boomers die off, we might see a collapse. There might be a scenario where a future Trump like character fumbles the bailout(or refuses to do it) and the housing market finally is allowed to burst.