I've sold all of my cars but one and it's just a daily driver. It costs almost exactly 3X what I paid a decade ago. Part of it is living in a much busier area of the country but insurance companies are reacting to problems like hurricane Ian. Home insurance isn't much better. I raised tenant's lease rates 10% this year and between inflation and insurance costs I'll make less money. I'm not complaining, just observing, as it's the tenants who suffer the most. It's only going to get worse over time. Those of us with a long term view will be out of real estate investing before it isn't profitable. For my canari-in-the-coal-mine company I watch PLD only because they're the largest US investor. Before the profitability issue is obvious their chart will have been sliding for months or maybe years.
Rule #1, Don't lose money. Rule #2, read rule #1. - WB.
