Then inflated price - repairs.  

Before the crash in 1970s he wrote a letter to his shareholders explaining why they were selling off their investments because everything had inflated too much and there were no undervalued stocks.

Inflation may take rents up, but only to a point in relation to the cost of living and incomes increasing, particularly incomes rising in lower wage jobs.Another issue with matured and outdated NBHs, the tax base for that area isn't at the most economical use of land within that community.

As long you adjust for inflation you're going to do great.

The returns are not super but are incredibly recession proof while also being hypersensitive to inflation so an upturn in the economy generally has a heightened impact on food/commodity prices which can boost your return quickly in the near term.   

I will eventually build my residual base but factoring for inflation, the retirement goal may not be attainable. 

They buy lots for a low price from current owners and put them into one of their shell companies who in turn flips or sells to the potential new investor for an inflated price without affiliated business disclosures, multiple assignments in multiple names, lender does not see addendum to contract for inflated price for kickback monies done outside of closing.....just a synopsis of procedure

Have values on those and land inflated past the point of viability?

Shadowstats has the real inflation rate at around 5%, which is pretty consistent with what I see when shopping for goods and services:ShadowstatsI'm Paul....I don't think the dollar will be replaced as the world's reserve currency in my lifetime.

They have no interest in taking draws and would just like to invest to diversify, have something of value, and protect themselves from inflation.