They are few and far in between right now because of the market hype due to extremely inflated bonds (low interest rates) and government moratoriums on evictions and foreclosures but those conditions cannot go on forever.

I do think I am over-inflating the repair rate.

With money and stimulus being printed and sent out like it’s candy.. does anyone have any insight or guesses on how the coming inflation will affect real estate debt, land value and general buying power??

I never freaked out about capex because I figured that with inflation, debt retirement, tax advantages, etc. it was likely to at least offset capex or better (it turned out to be better).  

So assume that you're going to get minimal or even slightly negative real value when you sell (home appreciates slower than inflation). 

I talked to a realtor since my post and she mentioned that the market is currently artificially inflated due to people moving away from the city.

@Marcus AuerbachI'm sorry - I disagree - this amount of housing inflation is unsustainable.   

Canadian housing market to me seems inflated but I'm no expert I just have a hard time seeing prices of $600-700k for 30+ year old buildings when you can purchase something half the price and age which IMO would cut risk in repairs - I'm curious if anyone had thoughts or perhaps have looked into Austin & greater area as a place to invest yourself.

You’re going to have 10% in costs to sell, so if it appreciates with inflation a couple percent per year you’ll only be even after 5 years.

The Fed has more direct influence on shorter term bonds, although if later maturing bonds like the 10YT start to rise quickly for whatever reason, the Fed could ramp up their purchasing over those notes to control the yield curve and prevent rates from running.There is massive incentive from central banks and governments to keep rates low for as long as possible, and only raise them in the face of rampant inflation.