this post was submitted on 11 May 2026
1057 points (98.8% liked)
me_irl
7631 readers
2888 users here now
All posts need to have the same title: me_irl it is allowed to use an emoji instead of the underscore _
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Ain't that the truth. When you "own" a home, you're only one $15k disaster away from being homeless.
Slightly preferable to being rendered out of a home due to your landlord making a $15k investment disaster.
In the years I rented I had two (technically 3) homes get sold by a landlord needing the cash.
Yeah, my bf & I were made homeless when our previous landlord decided to sell our home, we believe because it had plumbing problems that he didn't want to pay to fix. We thought about making an offer, but he was asking over twice what he paid for it, and there was quite a bit of damage to the parts of the property that we weren't living in: water, fire, termite. It cost us thousands to move out, even with nowhere to move to.
I’m glad I live somewhere with enough protections for renters that I would not lose my home if the landlord sold it to a new owner. It’s crazy to me that landlords in other places can just kick people out when they feel like it
They can't just kick you out if you have a lease.
Yeah but I believe in a lot of places they can choose to not renew your lease which is effectively the same thing?
Based on your name, it's one of the German-speaking countries. While yes, the law is more in favor of tenants than landlords, here in Austria our landlord's way of kicking us out (because he wants to sell the place) is by not extending our befristet Mietvertrag. So now we have to buy our own because paying mortgage is cheaper than renting ¯\(ツ)/¯
In my case at the time it was just an effect of being poor. At least one scenario I had a legal case, but I couldn't afford the costs to bring it forth and it would cost more in legal fees than the case was worth. I simply didn't have the time or resources, especially since I had to focus on moving and getting security deposits together so as to not be homeless.
The protections are there, they just are not for certain economic classes since there's an exploitable time window to operate within.
Yeah, I think here (Los Angeles) the only reason outside of breaking the lease you can be evicted is if the landlord wants to personally live in the home or it’s getting demolished.
If you own a home then of course you should keep at least this amount in liquid cash. If you don't, u are dumb. And yes, if you can afford a home, you can afford to have a liquid cash reserve of this magnitude.
You're out of your fucking mind guy. USDA Rural loans are 0% down, fixed interest 30 year loans and if normal people would go take a first time homebuyer class they would know that. My wife and I bought our house for 250k, nothing down and roughly 1500/mo mortgage. 5.9%. If you're trying to buy in a suburban area idk what to tell you other than the country is pretty nice. And we have never had $15k in actual savings outside of our checking accounts.