B e very careful because net lease is tied to interest rates and there is no doubt interest rates are going higher regardless of what the FED believes they can control now. Taking the opposite point of view if interest rates are not rising and remain depressed I hate to think about how bad our economy and the world economy will become at a time when historic levels of fiscal stimulus are creating a permanent level of higher inflation. Where that level arrives has yet to be determined. 35M or so social security recipients will receive a 2022 increase in the high 5% or perhaps 6% range in JAN. That is an enormous amount of money that will push into the economy. This reminds me of the very beginning of the Carter administration where he had promised to get inflation under control and was trying to compel big labor not to push for too high of increases in wage rates. Carter then made the biggest mistake of his presidency signing off on if I remember correctly a 7% increase for US Postal Service which set into motion higher inflation. This time it might be seniors whose cumulative spending power is so much higher than USPS workers that set off a longer period of sustained higher prices... especially because we have been locked in and locked down for so long and probably have a lot of needs..... and after perhaps feeling much more protected from covid boosters will finally come out in force and spend. Long and short higher interest rates from higher inflation expectations can hit net lease property valuations and could dull valuations.notes from user $SPG, Simon Property Group, Inc. / H1