I've been thinking for some time about purchasing a vacation home. I love to ski and have been following ski town real estate for over ten years. I currenty spend a significant portion of my vacation budget on lodging, and that would be enough to cover about 3 to 4 monthly mortage payments a year. Plus some tax benefits and rental income, I may be able to cover 8 to 9 of the monthly payments(maybe a rosy projection). My observation is that current mountain prices are down and the treasury is printing way too much fiat currency. What are your thoughts about real estate as an inflation hedge as well as debt as an inflation hedge. I don't think current mortage rates can hold much longer. If we are looking at 70s style stagflation, is real estate a good piggy bank to be storing the fruits of my l@b*r? At least if the market continues to be flat, this investment would allow me to get some skiing done. Thoughts?