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.

Reply to this note

Please Login to reply.

Discussion

Never stop to do what you think it's right, because at least in the negative outcome scenario you can get stick to your values, otherwise doing the "wrong" thing sacrificing your value you would also lost yourself and not only being radicalised. Radicalise your virtue.

Wish you the best 🍀🫂

Thank you fam 🫡🫡🫂🫂💜

Life is good, I’ve got the house, work, and bitcoin.

Many people weren’t so lucky and are now essentially locked out of the housing market forever

Indeed, you are totally right, in the end could have been much worst, and you hedged probably in the best way in your condition so, well done! 🫂🍀

🫂

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

nostr:nevent1qqszcvt5pxn7kkrlrqejf33hucygwngfa6de6cx999su47zw6220excppemhxue69uhkummn9ekx7mp0qgsrusurnkjeh02yj6hhxp4ak6ac05c8z22mgmzlfluxy8phsl22sfsrqsqqqqqpp7jesn

Ain’t that just the darndest thing?