asset inflation is not this nirvana you are making it out to be.
If i buy a house for 700k, and 5 years later its worth 1.5M, how does that help me? I can either sell it and be forced to buy a different overvalued house, or stay put and then the new value of it is irrelevant. Sure it can help for some downsizers/seachangers, but most people need to live where they do for work/family reasons
