The inflation that we are seeing is mainly in commodities that are in limited supply. Food and energy, plus other utilities, health care, and education. Homes are not in this category. Trying to talk yourself or someone else into buying a home at todays prices due to inflation doesn’t work.

In 2002 (or earlier) there were much less homes per capita in the usa than in 2008. The increase in supply alone over the years is enough to cause for a dramatic decline in home values. The other factors I won’t get into. Rents are a much better indicator of inflation than the volatile and highly inflated past and current home values.