This is generally true - inflation punishes savings and bails out debt (the new homeowner in your example), but it really is more complicated. Hopefully the bar

This is generally true - inflation punishes savings and bails out debt (the new homeowner in your example), but it really is more complicated. Hopefully the barely affordable house has a fixed rate mortgage, not variable. Hopefully they don't lose their job in a stagflation scenario. Massive inflation = more volatility = more unpredictability.