I suspect a lot of this sort of illiquid asset inflation is a bid to cache wealth in difficult to track forms. The last decade of interest-rate-driven income in

I suspect a lot of this sort of illiquid asset inflation is a bid to cache wealth in difficult to track forms. The last decade of interest-rate-driven income inequality has turned into a corresponding wealth inequality, but some combination of inflation and leftist swings in the government could threaten that wealth. Remember Terminator 2, where a prepper Sarah Connor had a shipping container of guns buried in the desert? A smattering of fancy houses in politically disparate jurisdictions stuffed with art and sealed copies of SMB might be the modern upper class equivalent.