A couple of your assumptions that I find unreasonable, first of all hyper inflation. This is a deflationary credit collapse, the inflation has already occurred.
Second the collapse of credit is making it harder to get loans, if you think that is going to change anytime soon, then we need to have a much more involved talk about, “who’s holding the sausage.”
Third if prices for basic staples, food, fuel, clothing keep increasing people will keep heading towards the cheapest option, especially but not limited to if they are unemployed. That means the ONLY way home prices will go up is if the option to own is cheaper than the option to rent. There may be a few exclusions but the mass of humanity will take an extremely narrow view of whats in its own best interest if times get tough.
Wage inflation is possible only if labor has the upper hand on capital, as it stands that just isn’t so. At least not in most fields. Maybe some highly skilled professions such as doctors, dare I even hope software engineers, will gain such traction. The majority of the population will not anytime soon.
As far as locking in a low interest rate, who wants that? High interest rates and low prices benefit non contingent buyers. If you can’t keep your job in those times you probably shouldn’t have bought the house.
