> the present value of all long-lived assets will come down we can consider 'value' but also recognize that actual market price is another thing. real estate p

> the present value of all long-lived assets will come down we can consider 'value' but also recognize that actual market price is another thing. real estate prices can continue to go up and at times actually have gone up in environments where interest rates were rising. as Buffet points out, there are additional important variables.