0:24 - Why Is It Bad To Rent For The Rest Of My Life? 7:12 - We Bought a House We Can't Afford and Regret It 12:21 - Does It Make Sense For Me To Buy A House Right Now? 17:53 - Should I Buy A $1,000,000 House? 26:22 - Should I Wait Until This Housing Market Cools Down to Buy? 30:32 - Why Is Now a Smart Time to Build a House? 37:25 - Home Construction Prices Are Through The Roof! What Should I Do?

@lilydjukanovic2301

Жыл бұрын

I don’t know what to do ❤❤p

@livefreeordie5769

Жыл бұрын

I'm a Gypsy. What's wrong being a Gypsy?

Bought land 30 acres with good straight pine logs built a cabin, solar, good spring, lots good rocks for chimney. No bank would lend me a dime to get this project underway. Turns out this was a blessing. Built as the money came in.

@trackingthealgorithm221

6 ай бұрын

You are living the dream man. I’ve been saving for 3 years to do just that. I have my eye on some land in the poconos to do the exact same thing. Well done.

@Shaara1

4 ай бұрын

I wish I were a man. I'd live the same way.

The pure value and volume of content on this channel continues to amaze me that KZread is free 🤯🤯

@karenfoley986

Жыл бұрын

Don't give them ideas lol

@TiffanyRenee1025

Жыл бұрын

I pay for KZread to keep from seeing ads.

@amireallythatgrumpy6508

Жыл бұрын

@@thejuice33 We have NEVER actually had privacy anyway. Never.

@amireallythatgrumpy6508

Жыл бұрын

@@thejuice33 Incorrect. Your point is that it cost privacy. How can it cost something you never had?

@RR-ur4kz

Жыл бұрын

💯💯✔️

To the dude who wants to buy the million-dollar property on the water in Florida: You would be wise to check how much you would be charged for homeowner's insurance ... HURRICANES HAPPEN.

@gustavthegreat2811

2 ай бұрын

Also it will be underwater in a few years due to global warming

Dave is right. Peace is better then water view ! Love his advise !

There really is an interesting irony to be binge listening to these shows while I sit in my office and write credit applications for clients through my work and see just how much they can’t afford these yet we still push them through because these are wealthy clients.

God has not given us the spirit of fear but of power and of love and of a sound mind praise God praying for everyone everyday God bless you all

@paolaristori6179

Жыл бұрын

So what?

@jaebeablessings1005

Жыл бұрын

Amen!

@yuridiabronson3318

5 ай бұрын

Amen 🙏

@heavenbound7

4 ай бұрын

1 Corinthians 15:1-4 KJV Bible [1] Moreover, brethren, I declare unto you the gospel which I preached unto you, which also ye have received, and wherein ye stand; [2] By which also ye are saved, if ye keep in memory what I preached unto you, unless ye have believed in vain. [3] For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures; [4] And that he was buried, and that he rose again the third day according to the scriptures: Ephesians 2:8-9 KJV Bible [8] For by grace are ye saved through faith; and that not of yourselves: it is the gift of God: [9] Not of works, lest any man should boast. Romans 10:9-13 KJV Bible [9] That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. [10] For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation. [11] For the scripture saith, Whosoever believeth on him shall not be ashamed. [12] For there is no difference between the Jew and the Greek: for the same Lord over all is rich unto all that call upon him. [13] For whosoever shall call upon the name of the Lord shall be saved. John 3:16 KJV Bible For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. John 14:6 KJV Bible Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.

@studywithugo

4 ай бұрын

Amen

Please listen to Dave Ramsey show, Tackle your debt like there’s no tomorrow. I got out of debt because of this show. ❤

Loving all these compilations next to the talk series! Always giving remarkable and no-nonsense advice. Great work from all of you in this show!

Everyone should call Dave before buying a house.

@NattyWRLD2

8 ай бұрын

bro im already finna do that

@NattyWRLD2

8 ай бұрын

whats the number just so i can be prepared

We are downsizing to a new build 2 bedroom condo in a new 55+ community. All outside maintenance is included in the monthly fee. Use of two swimming pools included without my personally having to pay maintenance on it. Grills included with a club house and community activities. Electricity bill will be really low too. Waterproof floors.

Caller three… buy a cool desirable Air BNB (research first!) and just block out the days you’re home. But Dave’s recommendation to stay at a nice hotel is great… be fluid and live stress free.

That second lady just doesn’t want the house. That mortgage is about average right now. She just does not want that house, buyers remorse must? Now that the houses are going down in price she probably feels like they could’ve done better.

@mannyjeanpierre4062

Жыл бұрын

house fever finally cured itself after she bought it

@bariatasudan

Жыл бұрын

@@mannyjeanpierre4062 lol right.

I just love the way Dave gives straightforward advice!

Loved the show❤️❤️❤️🙏🙏🙏thank you for the amazing show every call I learned something 🙏🙏🙏🙏

Thank you for sharing this information! Please continue to provide us with any information that may help prevent big business from taking advantage of people for their personal benefit or commission.

In my opinion Maria has to consider a senior community 55+ where is cheaper than a condo.There are ones with small houses similar to a condo that take care of the exteriors

@JDAfrica

Жыл бұрын

At a hefty levy each month … so, that appreciating levy cost each month needs to be weighed against maintenance costs. There are rental/letting agencies that will offer mantainance and management of property for a fee. There are also young handymen that are looking for part time work. Hell, here’s a crazy idea - maybe her kids (who will ultimately inherit the property) can do a little maintenance on it. What we did with my mother in law - I built a condo on my property at my cost, I helped her sell her house, and she kept all the proceeds in her investments … and she pays zero each month and enjoys her life. Becuase it’s a second unit on my existing land/home … there’s no additional rates or levies, and I already maintain the property - so it’s minimal extra work or cost.

@pilarmartin5051

Жыл бұрын

Do not a night of bad dreams

@bonniekerr6890

11 ай бұрын

@@JDAfricaMay I ask where you live that you added an additional residence & there is no property tax or additional taxes involved. I live in Texas & we were going to do the same thing but that unit would have been taxed on its appraisal value the same as the original home on the property.

@JDAfrica

10 ай бұрын

@@bonniekerr6890 we had an outbuilding (garage), that I added on to - didn’t get permits or the council rekoning department fuckwits say so. I’ve done 35 building projects over the years - so tackled the whole build myself with 2 Malawian laborers. Took me about a year of work on weekends. we live in the kingdom of the Zulu in Africa.

@user-oq4ow9rr6z

9 ай бұрын

Condo fees go up each year, you have to pay for new roof when THE HOA wants everyone to redo them. You have to pay for inside repairs. If HOA doesn't want to pay yo repair things like sprinklers even though they are suppose to then you have to. Yes, cheaper than owning a house but someone else spends your money as THEY see fit

House with a pool..in Metro Detroit. Is it West Bloomfield? Or Rochester Hills? Just deactivate the darn pool. And cover it up.

Good stuff! Thank you

Since Maria got 1 mil saved, condos has increasing HOA fees & paper thin walls. With unforeseen neighbors usu on all 4 sides of unit. She can pay to have maintenance done , big contractors are costly but get things done right; & go on dream vacation. Or Maria can 10:57 remodel existing home into one she dreams to update it. Landlords of condo assoc don’t care that much about one unit unless U are on board.

Margin is everything. That guy in Pensacola needs to make his $1M waterfront house dream a 3-5 year plan for sure. Save more money.

16:10 I would have suggested that young gentleman to just continue staying with his parents. 4d/mo is basically just vising, catching up, and stuff like that. I doubt they will mind as he is getting ahead and saving for even more in the future.

Love it

Just bought a condo, sold house for same reason. Let someone else worry about maintenance. Moved to a lower tax State as well.

@medic173

11 ай бұрын

What state ?

How can he make me emotional AGAIN? Thanks Dave! Love you.

Nice topic

Caller 2 needs to just reduce expenses. Bc if your monthly take home pay is 9k and your mortgage is only $2300 that’s not bad

Interesting on the shadow banning. I was just about to start googling and Bo did it for me. Thanks!

Ah yes. Up north in Jacksonville. It can get chilly there sometimes though.

A homeowner should enjoy the benefits of living there full-time, and not just have visitation rights.

I think this is what I need for my mom, a condo!

@goodcatfilms4276

Жыл бұрын

55+ christian community homes are the best and cheapest

Here's the thing no one talks about with this. Their homeowners insurance, etc....

It's very common to fix things when moving into a 'new' house, but those costs taper down. When I bought my house 4 yrs ago, My gas fireplace needed repair. My gas dryer wasn't hooked up to the gas line. There was no plumbing line for my new fridge ice maker. I installed new modern garage doors. I installed a whole house circuit breaker and updated electrical outlets. Replaced old worn door knobs and exterior lights. These were just necessary. first year repairs/updates. I love this show.

2nd caller… Average home price Colorado 415k+, this is the new norm in most major cities. We need to pivot strategy and prepare mentally for higher mortgage payments. Your personal and family situation will influence how we pivot.

Insurance cost would be too high living near ocean I would think

Capital gains is not a thing on personal property up to 500k for married and 250 for single

Dave math is A1

Great advise Ramsay as always, but that was just common sense. Why would anyone go from investing on themselves to investing on someone who really is paying for someone else to take care of the very things you said you don’t want to do by yourself. In Florida we have lots of condos and all the old people live in it comfortably ❤️

@kbanghart

Жыл бұрын

You mean why rent?

@bariatasudan

Жыл бұрын

@@kbanghart exactly! Especially that she has the means to own. Makes no sense

@kbanghart

Жыл бұрын

@@bariatasudan well, some people just like to. They don't want to have the responsibilities of having to maintain a place on their own. Plus I think a lot of people get comfortable if they're lucky to have a place that's rent controlled, or have good neighbors. And also they just don't like change, maybe scared to move. I can see a lot of older people in that situation, although I don't know how old this caller is.

@bariatasudan

Жыл бұрын

@@kbanghart you are right. I just don’t understand though 😃

Love this first convo! ❤

Property taxes are getting ridiculous

@FR-tb7xh

Жыл бұрын

They are. But voters are 100% responsible - they elected the people who made the decisions, they voted for the 2 1/2 overrides, they insisted the public schools prioritize ridiculous and expensive educational ‘bridges to nowhere.’

Irene. This is my first time listening to you show How can I get in touch with Mr. Ramsey.

I totally agree with Dave Why not buy a newer townhome/condo? The condo fees will cover much of the outside maintenance.

@c.w.1925

Жыл бұрын

I agree I wanted best of both worlds and got a condo.

@nhuquynh6938

Жыл бұрын

Not really a good advice because some condo and townhouse have expensive HOA and HOA increases annually. There are cons and pros

@bcat8619

Жыл бұрын

@@nhuquynh6938 True and that is something to definitely to research and take into consideration.

@LaytonEstates

10 ай бұрын

But those fees will always constantly go up..

@rudbeckia885

8 ай бұрын

And you can hear the phone ring on the next unit. Can't wash car . No hot tubs . Associations act like dictators.

Hey Ramsey interest rate in Canada right now is 5.35 % is it worth it to get a mortgage.

Caller 6…. Cheapest house best school district. Learn to remodel very simple things and after 2 years you can sell…. Tax free if primary residence! Then get a little better house.. etc roll net cash strategy until 3rd or 4th house is bought cash. This a great strategy for beginners.

Just financially speaking

I believe this was in Florida??? Consider property insurance and those hurricanes. That makes that lack of margin tenuous. Ramsey always has great advice.

To caller 1s question, would it be possible to rent out your current house through a property management company, to YOURSELF? The PMC would charge a commission to take care of the property and you could control the rent amount

Condos have HOA fees and you may only own the inside. When buying a house you can hire someone to take care of something if needed. Should be less than HOA fees every month that could go up at any time.

Homeowner's association fees go up every year, so you face some of the same risks as renting.

@JB-dv7ew

9 ай бұрын

So does roofing cost, electricity, insurance, labor costs, etc. Depends on the HOA...

Actually want she needs is a townhome that has an association. There are townhomes that have associations that do all the exterior maintenance snd roofs etc…

@ladyhawk9032

Жыл бұрын

Condo Associations ARE HORRIBLE!!! They are like the freaking Gestapo!! DO YOUR RESEARCH!!

@michaelgerhardt7130

Жыл бұрын

@@ladyhawk9032 easy there. Just because you have had a bad experience dont throw then all under the bus.

@ladyhawk9032

Жыл бұрын

@@michaelgerhardt7130 Again, DO YOUR RESEARCH!! Maybe you lucked out, but many don't. Just be thorough in researching the Association, know the governing documents and stay involved.

@michaelgerhardt7130

Жыл бұрын

@@ladyhawk9032 where I live EVERYTHING has an association.

2nd caller’s worried about $2400 on housing when they make $9000/mo? Can they not figure out how to live on $6600/mo? Sounds like they blow a lot of money, because I spend way more of my income on housing and don’t struggle at all.

If you live in Pensacola you don’t need to live on the water… you can drive the 10 minutes it’s takes to get to the beach and chill in your paid for house

would it be bad to buy a 4 unit building ... take one unit ... have a management company to handle the rest/issues

@Lloyd_Christmas11

11 ай бұрын

For me, it sounds like a bad idea because it's not something I want to do. For you, if you want to do it, and if you have enough money to pay for major repairs for 4 different units and have enough income to pay for all 4 units on your own in case you have issues with renters not paying, then by all means go ahead with it.

I sold my house in 2016, downsized, rented a small apartment. My children are successful adults and I travel several months a year… Life is comfortable today. I thank God everyday. I’ve walked through hell and have the burns to show. I admire the caller who saved 1 million! She too walked through hell. 🌷

Do you ever talk about pensions and annuities from unions?

Good stuff

Dave predicted inflation.

Try a patio home. No steps, etc , etc

31:31 I’m in the same boat as this guy.

Dave, is there a job somebody can do from their home who a disabled?

Up north like Orlando 29:10

Modern day glamping comeing to a city near you.

So the first caller Maria says I will just ask the question and then give the back story. Proceeds to give entire back story first.

@jmc8076

Жыл бұрын

Nerves. Also could just be her personality. As long as she’s a good person and good mom who worked hard to help get all 4 kids to college and be financially responsible who cares?

Don’t knock the KZread videos. Lol 😂

Seriously buy the house! Pay a guy like me to take care of it!

Instead of putting money in an index fund for a short duration and risk erosion, the better option is to put the money in debt liquid or arbitrage funds.

Like right before the speech at opis I’m demanding to be done after 20 hard years

Except new condos and appliances are junk.

They guy said the house was 1.3 and Dave simply can't comprehend it

So Dave tells people to buy beaters and then he says his beaters broke down. Hardest thing to do is buy a good cheap used car. Not easy. Lots of scammers out there. Especially on the used side.

@pavelvesely2518

Жыл бұрын

That's why you have a mechanic to check it out

@waynehendrix4806

Жыл бұрын

Maybe, but I got a 2000 accord with 68k on it now, bought cheap. (

@kisong1960

Жыл бұрын

That's why you have to listen to both Dave and Scotty.

@mccoyji

Жыл бұрын

@@kisong1960 scotty, my Celina is the best car ever?? Lol

@kisong1960

Жыл бұрын

@@mccoyji Celina is the best hoe ever. Celica is the best car ever. Lol

Problem is that 350k condo in a nice part of any town does not exist.

@bcat8619

Жыл бұрын

That's not true ;)

@johnSmith-uz8nl

Жыл бұрын

Depends which town.... ours is valued at 500k (peak was 650k)

@bcat8619

Жыл бұрын

@@johnSmith-uz8nl You are correct, it does depend on the location for sure. Prices have skyrocketed but there are still places where you can obtain a condo/townhome under $350k.

The guy thinking of buying a house and moving out of his parent's house continue to save and when he gets to the point of where he's able to be home over half of the month then buy a house with cash

To the roof

Dude, just stay with parents when in town

Mortgages go down with time but rent doesn’t.

@Bearme73

Жыл бұрын

Keep in mind real estate taxes, maintenance, insurance and repair costs don’t go down either. Renting doesn’t require a down payment that could be invested. If you have to move you don’t have to worry about losing money or tying up substantial funds. Home buying can make sense…caveat emptor.

Yes. Don't rent. Buy a small condo.

The 7:12 lady needs a warranty.

#1. Leave Illinois.

Shouldn’t he go ahead and start paying himself a house payment so when he goes to buy he will have a good down payment.

Bypassed Florida living on the water, too much for insurance and too much hurricane risk. I now have a second home looking at the ocean, 90 minutes from my primary, bought for 121,000 worth 450k now. Cash flowed repairs. Florida on the water with hurricanes??? 110k income? No way. The insurance and flood insurance is going to suck up 10-20k. OMG find a safer region to buy on water.

Buying a 1M house with all your investments....This is a horrible idea

@vicfixer378

Жыл бұрын

Sell the house for 350k and buy for 350

@ingridelcarpio6682

Жыл бұрын

He is not saying to use her savings, but to sell her house and buy a new condominium. Which make perfectly sense to me.

@crzyruskie86

Жыл бұрын

It wasnt about this call. That lady never said anything about a million dollar home.

@AttyEK

Жыл бұрын

If they are dead set on having a 1M house they could buy a 700-800k fixer upper and make it value 1M. Personally I wouldn't

@StefanieLegacy

Жыл бұрын

@@AttyEK it's still a horrible idea to put all their assets into a non cash flowing investment

I wonder if Ramsey solutions goes back and listens to old advice on shows. Could be interesting and enlightening.

Haha this video and his purchase on Sept 25th Three days later beach houses get washed into sea by a category five. Why not buy a 800k or less. He's in love with the number +10 Million+..... not the house

Overthinking

Buy into a lock n leave neighborhood. You own it but they do all the landscape for u.

Surely condo prices go up to

Me- buy a brand new duplex with a mortgage.

So what I’m hearing from these people is they’re not good at thinking and they need a thinking check. This stuff is not complicated but people can’t think big picture

Why tf does she have 6k credit card debt and 24k in the bank😂😂😂😂

Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

@corrySledd

10 ай бұрын

Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals

@sheltonPston

10 ай бұрын

Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

@AUstinnesc

10 ай бұрын

@@sheltonPston I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

@EdithEsquivel

8 ай бұрын

​@@sheltonPstonactive investing is statistically not smart

I have a mortgage through Wells Fargo. Not sure who to switch to. Also, is it a good time to refinance somewhere else since the interest rate is up?

@Bone89

Жыл бұрын

Don’t refinance..use a mortgage calculator to see the difference in ur payments

I like renting lol

4th caller… no way you should buy $1,000,000 primary residence. Why not buy a vacation home targeting good Abnb market and try to break even… then only 25% down (250k) vs all eggs in basket. But your gross income will probably almost definitely not qualify in lenders eyes. Look cheaper and sell “up” and eventually you’ll have have a paid for vacation property… on the beach. Basically everything Dave said to do go do it.

Question? Should you buy at house or rent at 83 years old?

@dachicagoan8185

Жыл бұрын

probably rent. at that age you can't keep up with home maintenance. Unless you have children and grandchildren or friends to help you. Or buy a new condo. But a house with a lawn is something i would avoid. I'm exactly half your age and I'm so over it.

@Sabrositaricanat40

Жыл бұрын

If you have the money to maintain it and live comfortably, I don’t see why not

@Discovery123.

8 ай бұрын

Buy, but expensive one to enjoy the rest of the life.

Don't buy a property with stairs.

@thexorode

Жыл бұрын

Why not?

@captainkrunch6372

Жыл бұрын

@thexorode you must be a youngen.

@thexorode

Жыл бұрын

@@captainkrunch6372 yes I am young, so why are stairs bad?

@captainkrunch6372

Жыл бұрын

You will find out if you live long enough

@thexorode

Жыл бұрын

@@captainkrunch6372 thanks for nothing

🙏✝️

He could buy a nice piece of land!!!!

@lovinitall6639

Жыл бұрын

This is what I was thinking. Of course if he doesn't know what area he wants to end up in that might complicate things.

the million dollar house guy the house might be a small house on the water so his up keep is cheap.

I just paid $2,715 for a car that is worth $766

Dave must be sleepy...you don't pay taxes on profits from the sale on a primary residence 250k single 500k married.

@hotmic4045

10 ай бұрын

Only if you buy another house within a certain amount of time.