I think salary inflation will be the only thing that can cause price to turn around, not commodity inflation. If we don’t have salary inflation, house price might drop even further in monthly payment term if rates sky rocket, because, at today’s payment, it still does not make sense when compare to rent. Rent won’t sky rocket if salary does not. If salary does not drastically inflate but everything else does, then we might see people having much less $ for houses, which might cause price to compensate.
