House prices have already inflated quite a lot higher than 2% per year in many places. Now everything else is playing catch-up, which means people will have les

House prices have already inflated quite a lot higher than 2% per year in many places. Now everything else is playing catch-up, which means people will have less money to spend on housing (mortgage repayments). What institiutions do, I don't know, but I assume the speculative ones will be a bit more careful. So we may have high inflation even if housing prices don't participate. Given the changes in rates, it seems unlikely house prices will continue the way they have.