Your analysis must be

[lifeizfunhuh]

Your analysis must be something like this:

http://webcache.googleusercontent.com/search?q=cache:r2Y_dAsJHCIJ:vinceseconomicblog.wordpress.com/2011/02/15/inflation-hyperinflation-and-real-estate-or-the-lessons-of-the-great-hernan-p/+argentina+house+prices+inflation&cd=6&hl=en&ct=clnk&gl=us&client=firefox-a

Assuming it is true empirically (I’ll take it at face value), the situation discussed is falling prices because there is no lending in periods of high inflation. I admit the argument is intuitive. However, that does not negate the fact that if a person can hold the asset, the medium of exchange will be worth less. Whether buyers dry up is irrelevant to whether a person ends up with an essentially free home.