“government over stepping and cause major inflation”

of course they will

but the chances of this inflation feeding into housing prices is very close to zero

what is likely is that we will have stag-flation or hyper-stag-flation – ie, the prices of the things we actually need will rise dramatically while the price of things that we don’t need will drop dramatically

how badly does anyone need a $570K house in Mira Mesa, or CV, or anywhere else?

and you are right about rising interest rates – you are pushing the ‘buy now’ line with the argument of rates rising a point or two – here’s a question for you – what is that $570K house worth at 14% interest rates?