As I said up thread, I've done a lot of research into inflation, including talking to people who lived through it, reading a lot about it, etc.
There's some really good E-R.org threads on inflation.
As I said there a few years ago:
Speaking as a younger person, while I understand the effects of inflation, my mind still boggles at a statement like this:
Originally Posted by clifp
3 years of double digit inflation.
Simply because I understand compounding, I think, that idea (3 years of double digit inflation) just floors me.
There's just a huge gap between understanding something and living it.
I've done a lot of research and reading, and talking to people, trying to prepare. That's about the best I can do.
As far as your point that rising rents incentives people to buy, there's two sides to every coin.
There's also a double incentive not to buy:
1) House prices are rising (as housing is one thing that's generally tied to inflation), so people often see the rising home prices and don't want to buy because they feel they missed the best chance, and want to wait for them to fall a bit, and
2) It also (at least historically) comes with high interest rates, which disincentives people. When rates were 15-18% in the 70s, yeah, people still bought, but it's still a disincentive, to where those renters are thinking "rents may have gone up 7%, but at least I'm not paying 17% on a mortgage."
Inflation is a complicated issue, and your solution of "only having a job" is frankly a mass oversimplification.