[papertyger]

Interest over a number years used to mean something because it compounded and helped you save more money, faster. That’s the point. You too young to understand that concept?

No, I'm just smart enough to know that a young couple saving for their first house that relied on accrued interest to make a difference in their deposit wouldn't be young any more, and most likely getting ready to retire.

[Inkie]

I only said that it helped, not that they relied on it. More importantly, low rates sent the expense of buying a home through the roof so, as they saved, they just fell farther behind. This is particularly true in CA, where I live. Lucky for me, I bought my home in 1990 and I’m staying put.