For those who get fixed rates and buy the house they want, I guess it comes down to flow.
It looks like a good theory,
But in a world where the fed Gov regulates minimum wage and interest rates, well I guess we will have to wait and see.
Also I am not necessarily advocating wage inflation, just stating what we have seen in low wage inflation and become so use to it as to not be able to imagine what 10% wage inflation would look like, a world most other nations have to deal with.