Is real estate still a safe hedge against inflation?

I think it depends a lot on where you buy and your time horizon. Real estate has historically been a good hedge against inflation since rents and property values often rise over time, but it’s not guaranteed. In hot markets, prices can actually dip if interest rates climb too fast, which we’ve seen recently. For me, property feels safer long-term than just holding cash, but it does tie up a lot of capital and comes with its own risks. Curious to hear how others are balancing real estate with other inflation hedges like stocks or commodities.