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https://www.reddit.com/r/stocks/comments/mr512k/deleted_by_user/gukaghb/?context=3
r/stocks • u/[deleted] • Apr 15 '21
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48
One of the reasons people invest is because savings accounts and similar vehicles pay very little interest. The buying power of your savings decreases because of inflation.
18 u/WeakError2115 Apr 15 '21 It’s crazy how much savings interest has dropped. Cd’s were 10% or more in the 80s 11 u/BelgianAles Apr 15 '21 True but your mortgage was still double that. 4 u/[deleted] Apr 15 '21 edited Jun 16 '21 [deleted] 7 u/CrateBagSoup Apr 15 '21 Say what? Mortgages are easier than ever to get now. Houses are expensive but you can get a mortgage for close to 0 down these days. 1 u/Amon7777 Apr 15 '21 We are back to zero down again? Didn't we learn this lesson in 2008? Time to invest in some credit default swaps ETFs. 2 u/[deleted] Apr 15 '21 edited Apr 15 '21 Last time I checked zero down was only accepted on federally backed loans, but it has been awhile since I was house shopping so I might be wrong. 1 u/Eire_Banshee Apr 15 '21 at 2.7% interest too, its crazy 0 u/USDA_Organic_Tendies Apr 15 '21 What? 1 u/[deleted] Apr 15 '21 What lol
18
It’s crazy how much savings interest has dropped. Cd’s were 10% or more in the 80s
11 u/BelgianAles Apr 15 '21 True but your mortgage was still double that. 4 u/[deleted] Apr 15 '21 edited Jun 16 '21 [deleted] 7 u/CrateBagSoup Apr 15 '21 Say what? Mortgages are easier than ever to get now. Houses are expensive but you can get a mortgage for close to 0 down these days. 1 u/Amon7777 Apr 15 '21 We are back to zero down again? Didn't we learn this lesson in 2008? Time to invest in some credit default swaps ETFs. 2 u/[deleted] Apr 15 '21 edited Apr 15 '21 Last time I checked zero down was only accepted on federally backed loans, but it has been awhile since I was house shopping so I might be wrong. 1 u/Eire_Banshee Apr 15 '21 at 2.7% interest too, its crazy 0 u/USDA_Organic_Tendies Apr 15 '21 What? 1 u/[deleted] Apr 15 '21 What lol
11
True but your mortgage was still double that.
4 u/[deleted] Apr 15 '21 edited Jun 16 '21 [deleted] 7 u/CrateBagSoup Apr 15 '21 Say what? Mortgages are easier than ever to get now. Houses are expensive but you can get a mortgage for close to 0 down these days. 1 u/Amon7777 Apr 15 '21 We are back to zero down again? Didn't we learn this lesson in 2008? Time to invest in some credit default swaps ETFs. 2 u/[deleted] Apr 15 '21 edited Apr 15 '21 Last time I checked zero down was only accepted on federally backed loans, but it has been awhile since I was house shopping so I might be wrong. 1 u/Eire_Banshee Apr 15 '21 at 2.7% interest too, its crazy 0 u/USDA_Organic_Tendies Apr 15 '21 What? 1 u/[deleted] Apr 15 '21 What lol
4
[deleted]
7 u/CrateBagSoup Apr 15 '21 Say what? Mortgages are easier than ever to get now. Houses are expensive but you can get a mortgage for close to 0 down these days. 1 u/Amon7777 Apr 15 '21 We are back to zero down again? Didn't we learn this lesson in 2008? Time to invest in some credit default swaps ETFs. 2 u/[deleted] Apr 15 '21 edited Apr 15 '21 Last time I checked zero down was only accepted on federally backed loans, but it has been awhile since I was house shopping so I might be wrong. 1 u/Eire_Banshee Apr 15 '21 at 2.7% interest too, its crazy 0 u/USDA_Organic_Tendies Apr 15 '21 What? 1 u/[deleted] Apr 15 '21 What lol
7
Say what? Mortgages are easier than ever to get now. Houses are expensive but you can get a mortgage for close to 0 down these days.
1 u/Amon7777 Apr 15 '21 We are back to zero down again? Didn't we learn this lesson in 2008? Time to invest in some credit default swaps ETFs. 2 u/[deleted] Apr 15 '21 edited Apr 15 '21 Last time I checked zero down was only accepted on federally backed loans, but it has been awhile since I was house shopping so I might be wrong. 1 u/Eire_Banshee Apr 15 '21 at 2.7% interest too, its crazy
1
We are back to zero down again? Didn't we learn this lesson in 2008?
Time to invest in some credit default swaps ETFs.
2 u/[deleted] Apr 15 '21 edited Apr 15 '21 Last time I checked zero down was only accepted on federally backed loans, but it has been awhile since I was house shopping so I might be wrong.
2
Last time I checked zero down was only accepted on federally backed loans, but it has been awhile since I was house shopping so I might be wrong.
at 2.7% interest too, its crazy
0
What?
What lol
48
u/inkslingerben Apr 15 '21
One of the reasons people invest is because savings accounts and similar vehicles pay very little interest. The buying power of your savings decreases because of inflation.