What do you mean by frustrating? In my memory of 2008, there was a real sense of panic, far beyond anything we're seeing right now. Before it was evident things had gone really wrong, plenty of people had a sense that something had to give—housing was going crazy, and I remember making $37k and qualifying for mortgages on NYC apartments—but inflation was <3% and unemployment was low.

While I think we're headed for a whole new kind of disaster (albeit one I can't predict—unlike 2008, there's nothing fundamentally wrong with financing of housing, but I can't see how these prices are sustainable), I'm not sure it'll be 2008-level doom. The frustration, I think, comes from a real sense of the toll of inflation coupled with annoyance, sometimes unarticulated, that we could have put the breaks on by raising interest rates more aggressively long ago, circa 2015-2016, when the stock market started going crazy.