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?
mortgage rates are insanely hi also, just like the Jimmy Carter era.