NgU Engineer on Nostr: the wild thing about responsibly saving for a house during the decade of ZIRP, while ...

the wild thing about responsibly saving for a house during the decade of ZIRP, while asset owners leveraged existing assets for the 2nd and 3rd, is that your behaviour helped suppress CPI inflation and let assets skyrocket as much as possible without any "economic" damage

quoting nevent1q…jesn

The wife and I moved into her parent’s basement (very nice mother-in-law suite) for a year to save up for our house. That was the “responsible” thing to do and helped accelerate our savings by almost $10k

The fiat clown world price inflation of the housing market inflated the value of any house we tried to buy by about $100k, completely wiping out any savings we had accomplished over that year of being “responsible” and saving up for a down payment.

Still lucky enough to have ended up owning a home before interest rates hiked to the moon (also result of fiat clownworld money), but man when you get punished for doing the “right” thing… that radicalizes a person.