It is depressing, everywhere in the world. I work full-time in the tech industry in a capital city and earn about 100k AUD, with about $60k in savings. Not only can I not borrow enough to buy a home in the city, I also can’t get a rental because in a city of 2 million, there are only 1000 rental properties on the market, and their prices have increased by 80% in the last 5 years.
I currently live in my car. Its not too bad. Im saving a tremendous amount of money not paying rent or mortgage. Im comitted to never renting again even if one becomes available to me, and I wont buy in the city, my 2-year plan is to move to a very small regional town, purchasing a block of land with a crappy house on it with a 50% deposit and transition to working remotely while I renovate it and raise some chickens, a veggie garden, maybe a pig too.
I have no family money to help me, every dollar I’ve ever had is one I earned myself. Eventually, ill inherit two houses assuming my divorced parents don’t cock something up with them, but that wont be til im already approaching retirement age.
So investing my money into savings right after I get paid weekly is the best strat then, which is what im doing. If i got paid daily, then investing daily would be the best strat.
I wasnt actually trying to minmax my savings interest, I guess I was just confused by the robots’ counterintuitive answer but it makes sense now.