> If you make a blanket distribution of money to a large group of money the end result may just be price inflation in the goods that exist in a limited quantity, most specifically real estate.
Land may exist in reasonably fixed quality, but real estate in the relevant sense (e.g., housing units) do not exist "in fixed quantity", and more money chasing them around causes more of them to be available, just like most goods. You'd expect some increase in market clearing price, sure, but also an increase in units of housing "sold" in the market (including rentals). Which is rather the point.
Land may exist in reasonably fixed quality, but real estate in the relevant sense (e.g., housing units) do not exist "in fixed quantity", and more money chasing them around causes more of them to be available, just like most goods. You'd expect some increase in market clearing price, sure, but also an increase in units of housing "sold" in the market (including rentals). Which is rather the point.