Standard "not financial advice" disclaimer (I hate that crap lol but such is the world nowadays), but my personal strategy right now is to take out as much *GOOD* cheap debt as possible since I agree with you that I see rates continuing to rise for at least the next few years as well as I suspect that inflation will still take quite a while to bring back down under control, pending what any potential recession might look like as you alluded to.What do I mean by "good, cheap" debt? 

The fed said they are going to continue with the 1/2 point rate hikes to combat inflation. 

But with low supply, it’s hard to say what will happen with prices.I think a “crash” could happen because of our highly inflated dollar and supply chain issues, fuel prices, etc., but real estate will not be the cause.

The Fed needs to engineer a recession to decrease inflation. 

Also prices of materials were sky high because inflation was on it's way.

Now interest rates are rising, inflation is high, and sellers in high-priced markets may face capital gains taxes when selling a property because of the sharp increase in property values.

Those could work great as house-hacks though and let you build up some equity during this time of high inflation.

As an inflation-fighting move, the Fed plans three hikes of 25 basis points each.

What else are you guys doing to Combat inflation?

You have to at least beat inflation for your money to grow.