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Comment by flakeoil

In fact, now, thanks to the higher interest rates there is a great possibility to save and earn interest (and compound interest) to buy a house. In addition, thanks to the higher interest rates, it will be harder for everybody to borrow to buy a house so the house prices will not increase as much or even decrease in price. This makes it easier for savers to buy a house.

If the central banks can keep from going down to near zero interest rates of course.

And I agree with you that younger generations, probably at large due to social media, are not patient enough to get rich by saving.

parent flakeoil 2 years ago

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