The last time anyone in real estate had to think too hard about inflation, the iPhone was a new invention that only a few people owned, George W. Bush was still president and the Kardashian family were only known for dad Robert’s involvement in the OJ Simpson trial. The year was 2007, and it was the last time inflation in the U.S. topped 4%, the kind of level that starts to really concern central banks and governments. Since the financial crisis, deflation caused by stagnant economies has been the worry. “There’s probably a generation out there living in the world that don’t really know what inflation is, we haven’t had it in any meaningful sense since the [Great Financial Crisis,” JLL Chief Economist Ryan Severino said. 
It's back. Last week, Warren Buffett predicted a “red-hot” spike in inflation as the U.S. economy recovers from the coronavirus, and the Bank of England predicted that inflation will rise beyond its 2% target as the…  Read the full story here. | 
