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A comment on ‘Housing in ‘07 wasn’t a bubble” is a true statement that almost no one believes. Parent comment

Re:‘Housing in ‘07 wasn’t a bubble” is a true statement that... by ThunderSizzle on Friday April 08, 2022 @08:17AM (#30955968)
> There is this inherent contradiction that people are angry that the money supply grows because they save, while themselves demanding high interest rates like 5% to let their money compound over time.

When's the last time a high yield savings account made 5%? Or even matched inflation?

People are angry that they are punished by thr fed for trying to save money for a rainy day.

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Re:‘Housing in ‘07 wasn’t a bubble” is a true statement that... by JumpCrisscross on Friday April 08, 2022 @02:40PM (#30960919)
> People are angry that they are punished by thr fed for trying to save money for a rainy day

Rainy day funds should approximately track inflation. There are plenty of assets that have been good havens over the past decade. It’s odd to expect real gains on a rainy day fund.

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