It has occurred to me that low-demand deflation and currency-destruction inflation are happening simultaneously. Either that or I’m becoming very powerful because I can easily carry $100 worth of groceries to the car…

These price declines are the major footprint of deflation at this point. There is no reason to expect, for the reasons given, that deflation in housing will stop or reverse. In fact there is no natural frontier for deflation any more. By this I mean that we could deflate all the way back to the 1932 dollar and not stop there. The 1932 dollar was backed by gold, which has some value.

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GOld DOES NOT have an intrinsic value other than what it is worth to someone for a piece of jewelry.
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You can’t eat gold. You can’t wear gold. You can’t use it for shelter. In fact it is one of the more useless substances being limited in functionality to jewelry or some types of electrical circuits. Can’t use it for anythig else.
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Gold ONLY has a representative value of other objects (cows, bushels of corn etc.) Of course it could be seashells (currency of exchange in the South Pacific), copper (Bronze Age), silver (until mid-late 19th century) or anything else – includng pieces of paper – that a bunch of people decide to use as a standard medium of exchange. It is a lot simpler to say “I want 10 seashells for those 10 cows” rather than saying “I want 10 bushels of wheat, 2 loads of firewood and 1 pig for these 10 cows.”
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If you don’t understand what ‘representational value’ means in the context of the development of currency, I would suggest that instead of posting comments, you go way back to the beginning and read The Wealth of Nations and the explaination of how “money” developed.
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Anyone who thinks that ‘gold’ has some kind of magical inherent fixed value IS a ‘gold bug.’ Gold is no different than houses or bushels of corn – it is only worth whaat some fool will pay for it on that given day at that given moment.

They are treating people as though we are trespassing on this earth…

Just wait till all vegetables will have to be imported from Mexico and
China and there is a salmonella outbrake… they will never find
what village it came from… and if the price of oil goes up how
much it will cost us.

Outrageous! I don’t waste and I am energy efficient and all but I’ve had it
with the “green people.”

Whitehall get your facts straight. China is holding $772 billion in US Debt. No, inflation will not happen. We are in a deflationary market. All the borrowing will cause interest rates to rise which will further drive down house prices with 30 year mortgages going at much higher rates. Ask how many landlords are losing money on vacant apartments and houses due to job losses. There are 20 million vacant houses in this country. The best hard asset is cash.