[danjoc]

Who's really the sucker when they can just keep counting on forever increasing real-estate valuations? Even in the 2008 collapse, banks got bailouts and the market today is just as ridiculous as it was pre-2008.[1] "Too big to fail." The cars, the private school, they're nothing but a couple years of home appreciation with a generous tax writeoff discount. Free money, no work required. Houses in the middle of the desert and homes that have burned to the ground, are worth more than a garage full of Ferraris these days.

Savers are stupidly working hard and socking away meager sums rather than hopping on the housing gravy train.

[1] https://www.washingtonpost.com/news/politics/wp/2017/06/20/f...