Yes, agree.
Both of us have owned homes and when we met each other in 2000 we had lost those. Won't go into the long stories of how, mine was mainly due being financially illiterate and going to a financial advisor because I thought it was the wise choice.
Hence, I now know A LOT more about money, particularly after diving into Bitcoin early 2021.
Though because we rent at our age it's more challenging to have friends, who never experimented with their own lives and went the safe route of mortgages and same jobs, etc., to believe what we say. Strangers are ok with what we share because they assume we are home owners. Being a home owner in older years seems to bring credibility with most.
Yet I believe that those who have fallen and climbed their way out again have greater credibility. We know the pitfalls and we're empathetic to those who are in financial trouble.
Living through the 60s/70s onward was a bit like frog in warm water. Hadn't kept an eye on financial markets because if you had a secure job you could easily make strange moves and always get back up in no time.
Doing that after the year 2001 or 2008 means you financially could easily destroy yourself when trying the same stunts. 🫣😆
As for after 2020, I can fully relate to young lives who try to begin from scratch. It is heartbreaking to see this happening to young lives. 💔❤️🩹