Do housing prices actually reflect inflation at this point in time? The underlying hypothesis is that institutional investors are dumping their cash into real estate as an alternative to low-rise investments that recently started to pay negative interest rates.
In fact, we are starting to see places around the world whose local government started blocking real estate purchases from institutional investors as they were pricing families out of the market.
However, at this point, we are talking about a few decades with many predicted catalysts actually happening, but not the inflation surge itself.