I know what you meant and I wouldn’t be ok with that either.
What I’m looking forward to 10, 20 years from now is my rent going up and my mortgage staying the same.
I didn’t get I got the hassle of being a landlord so that my life could be the same as it is now, that doesn’t sound at all appealing long term.
I don’t mean to speak for all small investors but I think most of them would agree with me. And I can confirm that the 5 or so I do know would not be ok with it as we’ve had these discussions in the context of rent control.
You need deflation in order to have the kind of real growth you want. With inflation, you may be getting more in rent payments, but prices of other goods and services are going up as well so that cancels the value of any additional money you are getting.
With deflation what happens is that people and businesses are pressed to work more cost-efficiently because they are getting squeezed by decreasing revenues. So, take an example like transportation and think of all the people who could save money by switching from driving to transit. Then realize that when people lower their transportation costs, they gain more money for other things, including rent.
Of course, you too could spend less on transportation, or cut other expenses, and then you would effectively be making more money by charging the same or less rent to your tenants. This is efficiency 101, but many people are afraid of it because they don't trust that they can really get as much or more value by spending less money.
The reason it is possible is because of change and innovation. E.g. you can read and enjoy a lot more media today than you could several decades ago with just a single electronic device. With transportation and infrastructure it is the same. Cities are currently reforming to become more pedestrian-, bike-, and transit- friendly so people can enjoy a much higher quality of life without driving at all. That enables people to enjoy a much higher quality of life while spending less money.
Many people are afraid of such efficiency increases because they fear that if good quality of life costs less, then people will spend less and there will be less opportunities to make money. That is an ass-backward way of thinking, though, because if you are repressing the ability to afford better quality of life with less money, you are just making people spend more money to get less quality. That is what inflation does, and why we are all so unhappy despite the fact that we make more money than most other people around the world.