I firmly agree with OP in regard to the coming inflation and the feeling that essentially that is the ultimate game plan to get us out of the debt crisis.
This scenario will still work for homeowners even if home prices remain stagnate for the foreseeable future. Since homeowners will be using dollars that are significantly less to pay down debt that was worth significantly more.
If instead home prices increase at rate of inflation, that would be an added bonus.
While jumping on bandwagons is typically not the smartest move, being a permabear can be just as bad as for one’s financial health as being a permabull.