Low interest rates keep the currency low, demand for debt high, and interest expense low. It does not drive inflation. No evidence it drives any inflation, other than asset inflation. Most importantly it drives inflation in real estate and land since that is where all that mortgage debt goes into - which is really the only way the government and central banks knows how to force people to borrow trillions. Nothing changed about the home, though. 

I will be voting these people out and a new party in based on deregulating land, increasing home supply and lowering immigration. Bam problem solved. Homes back to replacement cost! It will happen. No way young people are going to allow themselves to be priced out when they control the vote.