hehehe.... Blue used a discounted cash flow model which might be good for evaluating commercial real estate, but not for residential real estate because we do not receive stream of cash on our own property. In fact, as we pay out cash during the period of mortgage, I would argue that the "true" value of our payment is reduced in an environment of high inflation. From this point of view, once a home buyer locks up a long-term fixed mortgage rate, he/she should be happy to see hyper inflation.
On the other hand, Blue may be right. It is possible that demand is impacted by inflation: High inflation --> high mortgage rate --> low demand --> low price. So, there will be no absolute answer with regard to the future housing price. Uncertainty is always the fun part of the market. All thoughts should be encouraged to speak out and should be carefully analyzed !!