Bugs, I made a point regarding interest rates and prices using a CA example. Someone countered with a national example, so I responded with a national example. Now we bring it back to California with the effects of prop 13.
Now I forgot what my original point was 🙂
I agree with qcomer regarding the phasing of rates and inflation. This drives much of the short term rapid increases and declines over short periods. Anyway, I firmly believe that based on history, sustained periods of inflation (decade scale) favors leveraged investment in tangible assets (e.g. property).
