Hosuing cant be inflated unless credit can be inflated, credit growth is falling not rising , you cant raise asset prices any other way than credit and no amount of money printing will change that, folks get stuck on the printing and automatically assume it will flow to consumers, thats simply ignorance of the way things work, housing prices can only expand through debt, borrowers dont want to borrow lenders dont want to lend, its called a liquidity trap, The Fed doesnt have any magic powers, central banking measures have been well known since Rome, there are only so many measures you can take, the view that the Fed is omnipotent and able to inflate at will is propaganda, some goldbugs ironically swallow the worst propaganda the paper bugs put out
