>This assumes housing moves with inflation No it doesn't. When you buy a house your price is locked in. It assumes wages track inflation which is generally th

>This assumes housing moves with inflation No it doesn't. When you buy a house your price is locked in. It assumes wages track inflation which is generally the case. I also made no assumption as to whether this is a peak or trough in the housing market. Obviously it's better to buy at the bottom but that requires market timing. But in either scenario, assuming wages track inflation, the value of your mortgage is eroded faster, the higher inflation is.