[imtringued]

Inflation is a tax on money earned in the past. Money earned in 2011 isn't as good 2021. You can't sit on it. If you actually spend it within a year the impact is barely noticeable.

There are two reasons why stock prices go up. Inflation raises revenue expectations. Lower interest rates raise the value of future cash flows. This is especially bad with land because it can absorb any additional money you get from lower interest rates. Low interest rates make your car cheap but not your house... It's a big problem.