Pretty much agree with you ocr. I don’t see home prices rising due to the rate hikes that will come. Rather I see them depreciating, it is just how severe that I am unsure of. Inflation without job growth to me will be the worst of both worlds. So necessary commodities like food, resources and other tangible goods will go up in cost. Similarly other investment vehicles like bonds and such will be giving healthy returns as the money supply tightens. Also, as with any situation there will be alot of people with money and they will take advantage of the cheaper rela estate without having to incur large financing issues. To me depreciation will occur but I am not sure how much. It will be a great time to buy real estate but not if you have to finance much of it.
So that theary by the OP to buy now with someone elses money seems to make sense regardless of whether the home appreciates or depreciates. Buy the asset now with money that is borrowed and becoming worthless verses waiting until your own money is much more worthless but the asset has declined in value. I think the premise makes sense but everyone has a different situation depending on their holdings.