generally, prices are rising, which means workers will demand more money to cover their increased living costs or find an employer who will. (and if house price

generally, prices are rising, which means workers will demand more money to cover their increased living costs or find an employer who will. (and if house prices are going up, rents are probably doing so as well, particularly as things like REITs have become a whole category of investment products.) the overall effects can have pretty subtle origins but can ripple through gradually. the worst part about this is, if it happens long enough, inflation can more or less become a sustained expectation and grab a life of its own.