I am sure most real estate investors are not even familiar with what I am talking about, but the economy is a global economy and Multifamily investing is a tiny component too things and how immigration, inflation and other factors are handled will also have significant impacts that we just have no idea. 

Then if you do sell later and you pay the tax, you are paying it with "future dollars" which are worth LESS because of all the inflation that occurred in the interim. 2.

Further research, I discovered lender and borrower (seller) negotiated an inflated payoff, hints why lender didn’t send $ back because they now knew they’d be out the extra money since their borrower had already spent most of those funds.

Trying to protect their cash from inflation or government appropriation. 

Inflation will more than likely out pace income growth.

I’m expecting inflation to come storming back end of next year.  

Inflation erodes the value of our money, meaning goods and services cost more over time.

Inflatable airplane slide.

In the long run direct ownership is working because we invest in dis-inflation way. 

A house is a basket full of commodities, and all the parts inflate at different rates.