As a late GenXer, I saw the problems hitting millennials coming just a few years later and decided to take the leap early. I was way off on the inflation bump,

As a late GenXer, I saw the problems hitting millennials coming just a few years later and decided to take the leap early. I was way off on the inflation bump, about 20 years early, but I was correct about the asset inflation. Hence, while others in their early 20s were out having fun, I focused on saving and investing into rental properties. Back then, home prices were already steep, but not as insurmountable. I pinched my way to 4 rentals and managed to hold on to all but one. Since my call on general inflation was so far off, I rode quite modest investment returns from 2001. Then when COVID stimuli finally brought the long awaited bump in inflation, my rental returns took off, tripling my average rate over the prior 17-19 years. I don’t see how the continued bout of modest inflation would be bad for asset investments. Indeed, I’m seeing what remains of my fixed rate mortgages fade away rapidly while rents keep getting bid up by tenants. My debt load fell so fast in the past three years that I’ve had to relever up to ride the inflation wave. Quite a ride since. Meanwhile, I’m pleasantly surprised that I’m totally on the mark about the reversion of the suburban exodus during COVID as tenants are throwing out far more in rent than I could have imagined. Yes, this inflation bump sucks for anyone living on fixed investment incomes or salaries, but for any half competent investor, it’s fulsome times and I can’t imagine having the balls to whine about it to the masses on the economist. The smarter play has been to promote the fiction of rich-cession, even if that’s too fanciful for millennials and gen Zs to swallow.