[ascotan]

No ,when money is cheap people buy assets. Doesn't really matter what it is as long as it goes up in value. Bitcoin, Homes, NFT, who cares.

This isn't quite the same thing as inflation. Inflation is the cost of milk and eggs. That also has gone up, in part because the Fed is dumping money into the economy during the pandemic as part of quantitative easing. But the home prices are an effect of cheap money.

Now cheap money is gone, people have to rethink were to put money. Homes that are expensive to leverage and don't go up in value aren't a great place to put money anymore.