I may have misread you MJA but in one post you seemed to scoff at Austrians as being dreamers but then use Austrian economics to "prove" impending inflation.
I don't know what to make of the "inflation/deflation" debate so I'm not going out on a limb. If I HAD to make a pick, I would say first deflation, then inflation as the Keynesian remedy kicks in.
If your inflation guess is right then borrowing into property would work but it would be a bugger if you couldn't handle the drawdown preceding it and were kicked out of the house.