Does anyone here have a gloomy outlook that we may loose 20-30% market value over current prices during to sudden inflation that resembles the curve of previous crash? 

I was excited until I realized that prices have skyrocketed, B/C grade properties are selling above value, and the high property taxes (steadily increasing) on top of that inflated pricing leave little room to make a profit. 

But if it's me, I would just hold on and wait for inflation to get you back to even at the very least.

Also, don't rationalize some type of future appreciation that will magically inflate the current value to make a bad deal a good one.  

It calculates in inflation and elaborates on that calculations used.

The inflation that has been held back since QE2 is about to be released as soon as Trump undoes all the regulations around lending that have held banks back from putting cash to work.

Third they mention only office and multifamily and then talk about the New York market which like California is an appreciation driven market.Those places have been inflated in many areas for awhile so no earth shattering revelations there.  

We are seeing a trending downwards of median price for the 3 months trailing September.This is a market correction for inflated house prices, home sales have dropped 7% year over year.

If I were you", I'd look to leverage my money at these low rates as a hedge against the impending inflation coming as a result of Quantitative Easing.

Just my 3 cents worth adjusted for inflation.