estate if you can't find an asset that doesn't cash flow/break even which is very difficult to do right now. Buying a negative cash flow asset in hopes of appreciation is a scary game. The problem is I think the Govt wants inflation to help with their debt problem so the hyper inflation you mention in paragraph 1 looks like a possibility. I have never lived through serious inflation. I have thought the inflation we have seen was mostly because of supply chain issues but inflation may be a bigger part of it. I have only added one home recently because I don't like the rent/price rations but I have many partners that have. But now I am seeing rents increase dramatically. I think apartments maybe over built but single family homes in good locations don't appear to be. I am still on the fence. I have been refinancing everything at great low rates and have cash on the sidelines but trying to figure out if it makes sense to wait it out or leverage up a little more. As you mentioned wages are going to need to increase to really get inflation going but it looks like we are seeing that at least in Utah.