me_irl

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me_irl (lemmy.radio)

submitted 1 day ago by sanitation@lemmy.radio to c/me_irl@lemmy.world

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[–] bridgeburner@lemmy.world -2 points 21 hours ago (1 children)

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.

[–] JoeBigelow@lemmy.ca 2 points 5 hours ago

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.