This topic is interesting to me because I quit selling RE when the combined median is where it is at currently.Couldn’t muster the “professional bias” to do that. So I am looking at the median and saying, I can sell with the current risk factors both positive and negative. I am sticking with the belief that the inflation thing is more nuanced. Call it professional bias if you want.I think history bears out the potential for inflation to be a mitgating factor. As I said ,not extreme but likely helpful. Besides that everyone I know makes more money than they did even in 2003,except me. I predict the same thing in 2015,except that I will be making more too. Things will be probably be a lot lower before I sell anything or even try very hard, but I am brushing up on things and taking myself off the shelf.Please excuse the self indulgence.