Aye fukk Dave Ramsey
- Thread starter Nuke Dukem
- Start date
Jade lurking thecoli
beenz
Rap Guerilla
No. I determined I wasn't financially ready to buy a home back in 2019 and now that I am prices are high enough I'm willing to sit things out.
People that own homes need like 3% of the home's value in liquid cash for home maintenance and home related emergencies and in general should have access to 6+ months of living expenses on top of that.
An estimated 57% of people in the United States don't have enough in savings to withstand a $1000 emergency. 68% couldn't make it a full month if they lost their primary source on income.
57% of Americans can’t afford a $1,000 emergency expense, says new report. A look at why Americans are saving less and how you can boost your emergency savings
Rising costs and interest rates have made it more difficult for Americans to save for emergencies.
A lot of people that own homes shouldn't.
humminbird
Veteran
yep
fukk him
fukk him
Stop giving advice then nikkaNo. I determined I wasn't financially ready to buy a home back in 2019 and now that I am prices are high enough I'm willing to sit things out.
People that own homes need like 3% of the home's value in liquid cash for home maintenance and home related emergencies and in general should have access to 6+ months of living expenses on top of that.
An estimated 57% of people in the United States don't have enough in savings to withstand a $1000 emergency. 68% couldn't make it a full month if they lost their primary source on income.
57% of Americans can’t afford a $1,000 emergency expense, says new report. A look at why Americans are saving less and how you can boost your emergency savings
Rising costs and interest rates have made it more difficult for Americans to save for emergencies.finance.yahoo.com
A lot of people that own homes shouldn't.
Piff Perkins
Veteran
He doesn’t believe in credit or credit cards which tells you all you need to know.
Mike Nasty
Veteran
No. I determined I wasn't financially ready to buy a home back in 2019 and now that I am prices are high enough I'm willing to sit things out.
People that own homes need like 3% of the home's value in liquid cash for home maintenance and home related emergencies and in general should have access to 6+ months of living expenses on top of that.
An estimated 57% of people in the United States don't have enough in savings to withstand a $1000 emergency. 68% couldn't make it a full month if they lost their primary source on income.
57% of Americans can’t afford a $1,000 emergency expense, says new report. A look at why Americans are saving less and how you can boost your emergency savings
Rising costs and interest rates have made it more difficult for Americans to save for emergencies.
A lot of people that own homes shouldn't.
You were so worried about replacing a $400 dishwasher you lost out on $100K increase in property value and let yourself get priced out of the market.
fukk outta here. If your criteria for being prepared to buy a home is I'm gonna be here a while and the mortgage payment is about what my rent was you a dumbass.
The bank will give you enough rope to hang yourself because if worst comes to worse they're taking that house back.
The minimum criteria for buying a house be 1-3% liquid for housing emergencies and access to at least 6 months living expenses with your mortgage paymemts not let me get a mortgage payment about what my rent was.
Everybody doesn't need to own a home. Renting is a blessing for a lot of people who have no business, no desire, or can't afford home ownership.
Mike Nasty
Veteran
I don't know why you act like you can't be evicted from an apartment. Just say you don't want to buy a house.
The responsibilities of a home owner and a renter are entirely different. I highly doubt most people who are renting stress test their finances as if they were paying a mortgage.
I take 2x what my current rent is every month and save it on top of paying my rent so I can live a life close to that financially of what I would if I owned a home.
I have enough funds for a 20% down-payment and on top of that about a year of my pre-tax pay in either cash or easily liquid assets.
It's not that I don't want to buy a house. It's that I wasn't really prepared to buy one back in 2019 when I was looking even though I had a down-payment so I paused then COVID happened and I'm watching the fallout of that.
Mike Nasty
Veteran
....it's that you don't to want to buy a house now.