I can see the following 'possibilities'....I'm sure there are more....
Do real estate prices 'explode upwards', because there is always a 'finite amount of land'?
Do real estate prices decline, as 'excess deaths' cause mass vacancies (increased inventory)?
If a loaf of bread (eventually) costs $300,000 (and salaries go up exponentially) - can people then pay off their (fixed) house loans for the price of a loaf of bread? Does that make houses more or less 'valuable'?
Do local/state gov'ts tax the heck out of property, to raise more revenue? (Making 'holding' real estate expensive.) Same with house insurance.
Can banks 'grab' houses from people - even if they can pay their mortgage?
Can the gov't seize property?
Is real estate one of the 'safe' bets?
I think that since they will be changing some lending guidelines, there will be fewer people able to qualify for mortgages. Fewer buyers, to me it means a Buyer market, with home prices lowering to attract the few. In real estate, the value of a home is completely determined by what someone is willing to pay for it, sadly.
And Black Rock will surely be happy to fill in the slack, as they continue to buy up property hand over fist