Inflation is expected to be high for the foreseeable future, you expect to have stable employment, and you would like to
borrow money to buy a house. assuming that the loan is a fixed-interest loan, a savvy economics student would
borrow the money regardless, because the inflation rate would
impact on the value of future loan repayments.
borrow the money, knowing that the payments would be made
increasingly cheaper dollars.
avoid borrowing because he cannot determine how much his
payment would be.
avoid borrowing because he would have to pay back the loan
expensive dollars.