> Asset inflation doesn't matter in that, as long as the assets don't later deflate. For most productive assets (including housing) there is a a limit to the d

> Asset inflation doesn't matter in that, as long as the assets don't later deflate. For most productive assets (including housing) there is a a limit to the degree of fractional ownership one can reasonably have. While I could buy into REITs, it only closes my short position on housing to own. It's in my interest to own an appreciating/inflating asset that I'm short on - particularly when I will go bust otherwise. If Rent captures all of my purchasing power, I may no longer be able to reasonably close this short position in a reasonable time frame.