I think you're right to be cautious here. I'm just going off of exactly what you stated ... M2 is going higher (mandatory) so therefore scarcer hard assets go up in dollar price. Doesn't mean they trend down for a little longer here etc. Unlike the 2010 which was a steady rise in prices, this decade real estate will continue to be much more volatile as the fiat system unwinds.
I feel for the first time homebuyers as well. Hope some of them are spending the time to understand Bitcoin.