Practically speaking any person cannot maintain that for significant length of time.
Dieting has like a 99% fail rate by year 2.
It’s hard to maintain that for many people — your body will keep you in starvation mode, keep you hungry and hang on to every calorie received.
Well everyone would. How many would you buy if you could turn around and sell them for $30k easily lol?
It’s like saying “well if Subaru launches a nice hybrid suv for $1k it’ll sell like pancakes” and yeah.. but it costs more in steel/ram to build that lol
American homes are weird that roof costs are something that occurs.
Last house I owned in the U.K. was 60 years old, original roof. Was advised it might need $10k of work if I wanted to out 10kWp of solar on it to the weight of the tiles.
$180 a year into a “roof fund” doesn’t seem extreme to me.
If you don't have cash savings as a homeowner, you can leverage a home equity loan or line of credit to cover those emergency bills. In times of extreme low interest rates, it may even be beneficial to do that vs. paying with cash.
If your household is a typical HN high earner, and you are early in your mortgage's amortization schedule, the tax money you save by deducting interest can fund a $10k emergency repair fund too. Maybe even in less than a year.
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