I’m on year 4 of trying to get a house. I’m completely debt free, I have my full emergency fund saved up and I’m saving $800-$1,000 per month for my future house. I’m sticking the course.

@whothou

4 ай бұрын

Stay on it! I'm doing the same!

@annetawney2408

4 ай бұрын

Good luck!!

@andyholstein237

4 ай бұрын

Either the market crashes, or Wall Street buys up all the homes and we become a nation of renters. We shouldn't allow Wall Street to do this.

@Savedandfreed

4 ай бұрын

Keep it up you got this!

@15KHPCLUB

4 ай бұрын

Gonna take longer so long as you’re a feminazi.

When you finally make six figures, but can only afford a home in states you don’t want to live in..

@stevegolacks8731

4 ай бұрын

When the states that most people do want to live in , are also the lower cost states now....AKA the South. Total reversal from 100 years ago when the South was being fled for the north for the jobs, and now the states rapidly declining are the northern states. Michigan, Illinois, New York, Pennsylvania slowly dying.

@aj_mcnamara

4 ай бұрын

You don't have to move states. Moving outside the big cities in any state will be drastically cheaper.

@commonsense-og1gz

4 ай бұрын

buy one and rent it out.

@wufflerdance9481

4 ай бұрын

​@@commonsense-og1gzdont so that...rwnter will likely destroy it..yoy shouldnt buy a rental unless yoy can pay for it fully up front anyway. . and if people could afford a home thwy wouldnt be buying it for someone else to rent while they rent..thats stupid

@user-ey4ut9uc8w

4 ай бұрын

@@aj_mcnamaradepends though. If you’re not living near the coast in California, what’s the point? Might as well leave and escape the terrible politics at that point.

Think it's hard getting a house as a couple? Try it as a single person.

@KiLLED5639

4 ай бұрын

I've resorted to getting a condo - which is also needlessly expensive

@random-nz7dy

4 ай бұрын

​@@KiLLED5639 however in plenty of markets even condos now are costing nearly as much as single-family homes unless you want to move into a dump. So that's not even really a viable option anymore because even those prices have skyrocketed. It used to be there was a significant goal but even that's gone

@montymython754

4 ай бұрын

Well, you could get married

@q6_zilla

4 ай бұрын

@@random-nz7dy yup, 2bed 2bath townhouses near me are 400k. As a single guy that makes decent money there's no way without a dual income.

@eddie3500

4 ай бұрын

Its possible i just did it , only 25 mins out of the city of buffalo ny not in the middle of nowhere, not a complete dump, 2 bed room im single and 29

Sincerely - someone make the math make sense. Under John’s scenario and Ramseys recommendation a max home $$ purchase - a $500k home, 20% down, $400k mortgage, conservative 7% interest rate at 15yr fixed, that is a $3,595 per month, roughly 25% of your income after taxes that requires a monthly take home pay of $14,380, then add ~25% in addition to your salary for taxes and insurance, your family’s base salary would have to be ~$230,000 a year to afford that. According to US statistics less than 12% of American families make over $200k. So, no, just saving for 10 years for 20% down is not a plausible outcome.

@stevegolacks8731

4 ай бұрын

If you are willing to buy a 500k home, and dont make that amount of money you mentioned, you deserve the misery you are signing up for. Now, do your numbers for a 200k home....the math will make better sense. What? You said that your city you live in doesnt have 200k homes?.....oh ok, well looks like you shouldnt be house shopping, you should be U-Haul shopping because its time to move.

@matthewirish5755

4 ай бұрын

@@stevegolacks8731 Nope. The average home cost across America is $417k. And the jobs surrounding housing in the $200k range offer commensurate salaries. The math *still* doesn’t work.

@whothou

4 ай бұрын

200k homes haven't existed in about 20+ years when boomers were comin out in the world. So your point makes no sense. Median income used to be able to afford median homes now only high income people can afford median homes.@@stevegolacks8731

@denver_mansfield

4 ай бұрын

@@stevegolacks8731but the thing is is no matter where you go in the US there are no homes for 200k anymore. They are all at MINIMUM 300-350k and anything less is a major fixer upper or in a horrible location. Again that’s if you’re lucky to even find something for that price

@matthewirish5755

4 ай бұрын

@@denver_mansfield Exactly - for example, in Dave’s state of TN, I found a city (Waynesboro, TN) with homes for a median home listing of $150k. With 20% down, 15y fixed at 7%, in their plan that would require a household income of $70k - here’s the problem, their household income went down during the last census to $27,700, less than half of what is needed to buy a home. It doesn’t matter the location.

Are we ignoring the part that people financed houses at 2% interest rates and don’t want to sell and move into a 7% interest rate causing the inventory concerns?

@TexasMade903

4 ай бұрын

Exactly.

$3k rent average near me, and $1.6 million for a crackhouse.

@ambitious_iv

4 ай бұрын

Where is this?

@DJRiyzen

4 ай бұрын

​@@ambitious_iv Canada

@stevegolacks8731

4 ай бұрын

Time to move then.

@DJRiyzen

4 ай бұрын

@@stevegolacks8731 don't need to, I inherited my house. Sucks for others that aren't so lucky though.

@15KHPCLUB

4 ай бұрын

“BuT oUr hEaLtHcArE iS sO muCh beTteR!”

My wife and I have made a decent income for many years, worked hard to pay off our student loans, credit card debts, and 2 cars,… I thought I’d NEVER rent because it’s just throwing money to the wind. I’m not afraid of homeownership and the challenges it brings because I’m a skilled worker and can handle a lot of my own responsibilities with my construction background. I’m nearing 40 years old and my wife and I still can’t afford a house. We’ve done everything the right way, but sometimes it feels like the ones that play by the rules get punished. Stay strong out there! Emergency fund is all set, and we’re building our way to a decent downpayment… one day… one day.

@bigross0318

4 ай бұрын

Keep grinding man!

@eme5108

4 ай бұрын

Move to a cheaper city

@sal2428

4 ай бұрын

​@@eme5108I disagree with your premise that people should pack up and leave their family for a house. It's not about where you are, it's who you're with.

@KevinNordstrom

4 ай бұрын

​@@sal2428a 20-30 min drive outside a large city limit isn't going to kill off the inlaws or holiday events. I agree if you want to not be house poor, move to the suburbs or rural areas.

@republicunited2183

4 ай бұрын

Renting is ok. I rent and invest the difference. I like my time of not having to repair a home, and I use that time to invest into my kids.

There’s hope if you just get a 15 year mortgage and 20% down payment. And still pretend it’s 1998

@superblump87

4 ай бұрын

Clinton 2024.

@csx6910

4 ай бұрын

@@superblump87 whaaaaaaa? lol

@Zer0Burn4r

4 ай бұрын

Cry me a river. No one cares. Work harder.

@superblump87

4 ай бұрын

@@csx6910 Clinton's policies created one of the best economies in the country's history in 1998.

@penguin12902

4 ай бұрын

@@csx6910 Yeah. William Jefferson Clinton...not his crazy wife. Bill Clinton was the last president to run a budget SURPLUS.

The best investment one can do right now is investing on real estate though stocks are good but ever since I swapped to real estate, I've seen so much difference.

@JerryLuca-nm9ru55

4 ай бұрын

I have been making a lot profit through real estate which has been the main source of my income.

@LarryAnthony-ut8ok44

4 ай бұрын

I’m interested I want to move to real estate investment can you help me ?.

@JerryLuca-nm9ru55

4 ай бұрын

STEPHINE KOPP MEEKS she is whom i work with look her

@gvue4396

3 ай бұрын

Are you a financial adviser?

Most people feel hopeless with the housing market. Most unaffordable housing I’ve ever seen

@grahamjl766

4 ай бұрын

This is what makes things annoying. People who are already set up just give the "boot strap" speech but disregard the rules and the situation has changed dramatically. Granddad had 6+ kids, stay at home wife, and a HS education and was fine with 5-bedroom house b/c he worked for the local warehouse/factory. Now a double income household can get a two-bedroom condominium, one kid, and live paycheck to paycheck.

@saladparfait

4 ай бұрын

Not if you close your eyes, plug your ears, and tell people to pull themselves up by the bootstraps! It helps to plug your nose, too, so you can't smell the bullshit. 😂

@kbanghart

4 ай бұрын

Exactly.... Don't vote Republican!

@thegarage4570

4 ай бұрын

@@grahamjl766Depends on what requirements you have for a home. Expecting to buy a $200k+ home in your twenties may not be a rational expectation. Understanding the housing market is a must. You can't expect the location you choose to live in to have affordable housing simply because you say so. Location, location, location. If living in Chicago/LA/Denver/NY etc, is way more expensive than you can afford, don't live there. Go to the burbs, or even further. Move to a state/city that is affordable. Reduce personal requirements for the home you're looking for. Just because you WANT to live there, doesn't mean you can AFFORD to live there. You also have to figure inflation into the discussion. Lets also include the cost of goods and services since the plandemic started. Now lets also assume the market always tries to condition the consumer that paying the current higher price, is now the norm. Then you include mega-corps buying up everything they can, just so they can rent them out for ridiculous amounts. The list goes on and on and on.

@3ofus135

3 ай бұрын

@@grahamjl766 My wife has coworkers who said they wanted 3 or 4 kids. After having 1 kid, that number quickly went down to no more than 2 kids. Some aren't having any kids. It's a different world nowadays. It's hard enough taking care of yourself, let alone raising kids.

No offense but this entire video was zero substance and nothing of value

@blashokowski8794

4 ай бұрын

The John Balogna special

@dr_pinna543

4 ай бұрын

Someone wasn't listening.

@Jobosh1989

4 ай бұрын

Thank you, glad I’m not the only one who thought that lol.

@NateDieckman

4 ай бұрын

What do you expect someone to say whose "got theirs"? Them nor any boomer is gonna admit that the boomer generation killed the American dream

@deelindsey

4 ай бұрын

Agreed

This is helping absolutely no one

@GravityBar231

4 ай бұрын

It helped me and many who have been trying to save for a home. I was thankful to hear him acknowledge the housing situation now, and just acknowledging it is helpful and encouraging for us.

You guys are way out of touch with today’s market. I am very thankful that we bought in 2021 with a 3.25% rate, but now our 7 year house is the only thing we could possibly afford. And my taxes keep going up, my insurance keeps going up, so my mortgage is getting higher each year.

@Dividendsmattertoo

4 ай бұрын

I would wana buy a house in few years I’m going for the house with the lowest property taxes

@autumnjerene

4 ай бұрын

You're right. A lady who sold all her furniture, slept on an air mattress, worked multiple jobs, and lived with roommates while being married all to get out of debt and achieve her dreams IS WAY out of touch with current society. People today are too entitled to sacrifice like Jade did to reach financial peace. They'd rather whine and blame the government or the wealthy or older generations for the things they want but don't have.

@karimbennett5651

4 ай бұрын

@@autumnjerene, something has changed, though. The housing market has be broken by the intrusive elements of corporate and wealthy foreign investors. This is not a normal situation.

@theflightsimulationexperie6894

4 ай бұрын

Well you get to enjoy all that new equity right? Well you’re also going to enjoy all those tax price hikes and insurance and it’s only getting started in my opinion. I’m not sorry for you homeowners. You can’t have it both ways.

@15KHPCLUB

4 ай бұрын

@@autumnjerene You have a serious misfire if refusing to live in poverty is considered “entitlement” to you. Also I’m sure you’d be pissed off too if you’ve done everything you were told would give you a better life than your ancestors yet still have nothing to show for it. Be careful how you treat others who are struggling, that hunter called “life” will shoot you off your high horse and you’ll end up in the gutter “whining” louder than them.

Almost 10 minutes of saying nothing at all. Truth is that rent and housing price increases have outpaced income gains for decades now. It's not impossible to get in on the housing market, but it sure keeps getting harder and harder ; and when rents keep going up more and more then incomes do then it makes it very hard to save for a house.

@random-nz7dy

4 ай бұрын

If you go back to 1980 something , I roughly calculated that it's something like incomes have tripled where housing average prices have went up by a factor of eight

@alvarocristobal4355

4 ай бұрын

No remember, the solution was to stop eating at Applebees and just desire it. Man why didn’t I think of that? 🤦🏻‍♂️ silly me

When single family homes are being warehoused by Wall Street there are systemic abuses. This ought to be illegal. It’s more important than ever to call out systemic abuses. This is our collective responsibility. This is well beyond she ability of individual responsibility.

@faerydae29

4 ай бұрын

Exactly. This isn’t normal and it should not be pushed to become the new normal. We need to ban/limit investment companies from doing this. And even mom&pop investors, there’s hundreds of them on social media bragging about owning 50+ homes. It’s so wrong.

To buy my house today compared to 2016 I would need to pay 110,000 more at double the rate.

The problem with waiting to save for a larger down payment is that you cant out pace the rise in cost of housing. Not to mention interest rates. Dave Ramsey and his people have good concepts overall but their math is no longer applicable in today's economy when it comes to buying a home. For people to say move to a cheaper state, well guess what, those states that are cheaper pay less than the places most people live. So you're still in the same situation. Interest rates in 1971 were over 7% and got as high as 18% in the 1980s. We didnt see rates go below 8% until 1993! Not bringing this up to stress anyone, but we need to use good discernment. The Ramsey way is not a one size fits all solution

There’s hope if you just get a 15 year mortgage and 20% down payment. And still pretend it’s 1998.

@vicepresidentmikepence889

4 ай бұрын

Pay cash for a house...good investment Take out a mortgage and have tenants..good investment 15 year mortgage, no tenants. Tepid investment 30 year mortgage, no tenants. Horrific investment

@johndone8045

4 ай бұрын

Hahhaha i take it as sarcasm 15 years fix is not even possible, these ramsey people are stupid and delusional

@dr_pinna543

4 ай бұрын

​@@johndone8045says the guy still interacting on their channel 😅

@recabitejehonadab2654

4 ай бұрын

Then you pray you stay employed.

@aolvaar8792

4 ай бұрын

@@vicepresidentmikepence889 ????? Unmarketable Fannie Mae foreclosure in 2011, $50K>> 30 year @ 3%>> $214/mo>>good investment ~$500K, today

Jade smiles and says “welp to bad for yal, im good”

@RGE_Music

4 ай бұрын

hills and valleys

it's hard when you're 32 and you realize you'll never be able to retire, never be able to own a home, and never be able to afford to have children. i work hard, i perform better than my coworkers, i have a degree that's specific to my field, and i save 65% of my income. it's not a me problem.

@allison5169

4 ай бұрын

Why do you think you won't be able to retire if you're able to save 65% of your income?

@theflightsimulationexperie6894

4 ай бұрын

It’s not you. It’s the system around you that has screwed people like you and me. I also saved for decades and did “everything they told me to.” Yes I’m in a good financial position but I’m not paying these absurd home prices. If things don’t change in 5 years, I’m leaving the US.

@titolovely8237

4 ай бұрын

@@theflightsimulationexperie6894yep that’s my plan as well. The only way to save any money is to literally not own anything. I feel as if I live in a country that doesn’t allow me to participate at all I. The society without getting crippled with debts

@titolovely8237

4 ай бұрын

@@allison5169because to own a home it’s still 10 years of saving which means I only have another 10-15 years of saving after that to save for retirement which won’t be enough time in the market. All this also assumes I have a steady job which in todays age is never guaranteed and assumes I never have kids (I want kids). The math just doesn’t work. I spent my 20s being poor because of student loans and now in my 30s after I’m debt free and finally earning 6 figures I’m left in a market where my buying power is worse than when I was in my 29s making $50k/year.

@RGE_Music

4 ай бұрын

@@titolovely8237 both of you should do it

"If we have food and covering, with these we shall be content." ~1 Tim. 6:8

Thanks for this!! I needed to hear this. All I ever wanted for my two babies and I was a nice, safe, and loving home to call our own. I have been SO impatient and frustrated and it has caused me a lot of stress and anxiety… But!! I will be patient and stay the course. God-willing it will eventually happen. I’m counting on it! 🙏🏾

Oh yeah “increasing” my desire will increase my pay and get me that overpriced home! 😉😂

@kbanghart

4 ай бұрын

​@@jaredrousselthis is why people should not vote for Republicans.

@baseballstrengthandpower4445

4 ай бұрын

If "desire" is your "why' than yes that will increase your pay. If your why is big enough the how will figure itself out. YOU are in total control of your life. Don't blame anyone else. It's all on you

@faerydae29

4 ай бұрын

Exactly lol we need to stop investors so house prices can go down.

I wish I didn’t listen to Ramsey on this one to save up to pay it off at once. I now have $100k saved up but the house I was looking at now cost $440k instead of $240k

@ShaunaEleven

4 ай бұрын

😮

@GravityBar231

4 ай бұрын

Exactly!!

@zenlife321

4 ай бұрын

Yep that’s why I got in with less down. I wanted in before my 439k house became 530k to buy in a few years. I’ve got skin in the game and at least I got in and can afford that payment with my low locked rate. Because of all the incentives to lower my rate from the builder, I got 20k in money to buy down my rate. I’m locked in at 5.5 interest in a brand new build -everything under warranty and new. 2,300k sqft home with 5bdrms and 3 full baths with a 3 car garage. I don’t regret doing it! I’m a homeowner finally.

@Master4999

4 ай бұрын

@@zenlife321what city/state are you in?

@loft27ss

4 ай бұрын

You are not calculating the cost of bank interest rate …. You would be even

I am glad they finally acknowledged the reality of the housing market but I do concur with them to not give up.

Not putting enjoying my life on hold to buy a house. The market is trash and unpredictable. Go buy that shot 🗣️

This was not helpful in the least. Thanks for nothing.

The fact they know this and still say 15 year loan is Crazy no one can afford double there rent money

@Royalewithcheesee

4 ай бұрын

Yeah I stopped listening as often as I once did 5 years ago.

Don’t rent for 7 years saving up 20% for a home. Go into a house with 5% down. Saving $100k to just buy a house is getting unrealistic

@EricAndradeMusic

4 ай бұрын

It's also just a bad idea. Blowing 100k like that. Keep it and buy Bitcoin that's a hat I did.

@loft27ss

4 ай бұрын

Realistic, we both worked 5 years in UAE ( tax free wages) and managed to buy house in Full when we went back home

@DABK2024

4 ай бұрын

​@@loft27ss thats not possible, Americans pay at least the US income taxes no matter where they live. The only way to not pay is to live in a country with a higher income tax rate than the US. If you didnt pay income taxes overseas then you commited tax fraud.

@loft27ss

4 ай бұрын

@@DABK2024 I am not American. All you need to do is use your brain

I grew up in Westlake in S. California in the 80’s. I was married in 2004, me an X-Ray tech and my wife an RN. We were making about 120-130k gross and were blown out of the state basically. My childhood house in Westlake made in 1977, 5 bedrooms 3 baths on a 9000 square foot lot….2 million now if it’s been updated. 1m?😆😆😆😆😆😆😆. The young can’t get in. A shanty in that town is 550-600k. A shanty. The middle class is vaporizing before our eyes

@iseepandas1

4 ай бұрын

The future of home ownership will only be for the top 10%..

@RGE_Music

4 ай бұрын

@@iseepandas1 I will own a home. No one is stopping me

@doutheo8399

4 ай бұрын

Hypothetically, if both of you go work for ucsf, starting salary for a nurse is 150k and maybe 80k-100k for a CT tech, you would double your income. Condo price is now comparable with 20% decrease in SF and 30% increase at Westlake since pandemic.

@doutheo8399

4 ай бұрын

Reading your post one more time, I realized that 120k is not your current income and have likely bought a house already. Never mind

@steveo601

4 ай бұрын

@@doutheo8399 Mmmmm. We’re currently at 110k in a much cheaper place to live than Socal. I’ve Also been investing for a long time now and came into more money a few years ago. Throw me a suggested yearly income and I’ll make it happen.👍😉

At 29 living in California I thought I could never afford my own house. At 31, I finally landed a 6 figure job and bought a 165k home in las Vegas. At 35, I paid off that mortgage. At 39, I have had raises that increase my salary by 50k since buying my first house. I would not dare to try buying a 2nd home right now. Everything is just too damn expensive.

@RGE_Music

4 ай бұрын

what about land and building a house with labor?

Bought my house in 2022 for $29,000 cash. I have spent that last 16 months renovating it myself, spending about $32,000 and doing most of the work myself. I've hired out the electrical and I'm about to pay a crew about $13,000 to put a roof on the house. All in, I'm going to be about $75-$80,000 into this property. No debt. I'm 35. You can do this, it's possible.

@jayc4715

4 ай бұрын

Most people don't want to put in ANY work on a home..they just want to finance everything and for everything to be brand new and perfect

@KevinNordstrom

4 ай бұрын

​@@jayc4715and then shit goes wrong 2 years into the house they already bought at or above their budget. Always buy the cheapest house you can find without sacrificing safety or health and then remodel over time. I refuse to buy move in ready or new construction.

@EuroEnthusiast1990

3 ай бұрын

Where do i find a home for 29k ill buy right now

Don't plan more than you pray. Stay strong and support each other peeps.

Being debt free is the best. Debt free, stress free

It just sucks. Considering with my income I coulda bought a home 4 years ago for 40 or 50% less. Feeling hopeless

@jfresh2054

4 ай бұрын

Right. I'm 100% going into a sale knowing I'm going to lose money. Overpaying on a house when the house still needs 40k in upgrades. It's crazy. Housing is no longer an investment. It's basically a car now

@jasonsharpbucks

4 ай бұрын

don't do it then, trust your instincts ​@@jfresh2054

@GravityBar231

4 ай бұрын

I know! Right there with you on this.

@RGE_Music

4 ай бұрын

where do you live?

Seriously they give some terrible advice. If you follow Dave’s 15 year mortgage at 1/4th of your take home pay? Really? how is that even possible? If you do that you’ll be waiting forever and missing the entire housing market.

@amireallythatgrumpy6508

4 ай бұрын

Newsflash: "You" have ALREADY missed the entire housing market. What people need to dois admit this to themselves!

@theflightsimulationexperie6894

4 ай бұрын

@@amireallythatgrumpy6508exactly

@tstanley01

4 ай бұрын

@@amireallythatgrumpy6508 comment of the day! they can't admit that they listen to the wrong people and have missed the boat...it's going to be a decade of housing unaffordability, they need to learn to embrace the suck and keep grinding...

@arch417powersports

3 ай бұрын

It was possible back before 2022. I bought a house at 1/3 my income in 2020. Now it's under 1/4 of my income due to raises but still. Can't do that anymore it seems.

This is why I have NO problem with a young person living at home with Mom and / or Dad for several years after college. As long as the young person has a plan and is working the plan, then there is nothing wrong with it. I would never let a kid stay at home if their goal is to be irresponsible, but with a plan, it's all good! 👍

@faerydae29

4 ай бұрын

Except that person wants to become an adult and have their own house. I’ve been stuck with my parents for the last several years due to Covid and I’ve had several mental breakdowns because I feel controlled and I want to start my own life. The current situation is destroying the lives of a lot of people.

I bought my home in 2020 for 183,000 at 2.75% my brother makes the same money as me and can’t even get close to affording my home in 2024. I feel bad for him and everyone else that waited after 2022 to buy home. This just isn’t right

@theflightsimulationexperie6894

4 ай бұрын

Count your blessings because you are lucky. A lot of us are kinda screwed.

I'm in the same boat as other first time home buyers. I think the biggest problem for me is needing to delay life because everything is going up faster than I can make. I'm 26 and I would LOVE to be in the position my parents were in at my age. They had a new house and could start a family. I can only dream of doing that now

@BLdontM

4 ай бұрын

And if you follow the Ramsey advice on homebuying, you wont buy a house until you are 46 at best. Possibly never.

@PookysMom6

4 ай бұрын

You can have a family in a rental... Just sayin' 😉 (Half of our children have grown up and moved out, and we're in a rental. Maybe one day we'll own) 🤷🏻‍♀️ ETA: I do understand where you're coming from. It's hard for everyone right now. We have been debt free for 10+ years. We have moved every 2-3 years (military, so not completely by choice) for the last 25 years. Now we're ready to settle down, but the housing market is a little crazy!

@faerydae29

4 ай бұрын

I’m 33, I was about to buy a house at 28/29 was getting ready for it then Covid hit and destroyed my life. Lucky you that you’re 26, I’ve had my life delayed at this age and it’s even worse. I’ve had so many mental breakdowns. I hate wall street with a passion.

@doutheo8399

4 ай бұрын

I truely think middle class family should have only one child and use the resources for a 2nd child to help themselves and their one child debt free from college. End the cycle. Dave would not address this as a Christian but I have noticed that many of the callers are kids poor.

The problem is that existimg home owner's equity blew up in the past couple year and turned them all into businessman now. It's that simple. It's now a business of how do they flip the equity.

2024 Home buying plan. Find job making $200K+, buy $1500 van, live in it for 5 years down by the river while saving and investing. Buy $600k dilapidated crack house, sell it in one year for $1.2mil, leap frog into two bedroom split level in the suburbs. Boom, you’ve made it!

Houses in Portland, Or are stupid high for the SQFT, $600-900k for 1200sqft with HOA and no yard. Outrages prices

Checking in from a HCOL metro, completely without hope and still saving like 15% of my take home plus and bonuses for the down payment. Plus 15-20% towards retirement. Pretty much miserable.

@isaiahmartinez2061

4 ай бұрын

At least you're managing spending enough to set yourself up later down the line.

@TonyCox1351

4 ай бұрын

Move. I got out of the city life and never looked back, on my second home now, 2700 sq ft

@Elizabeth_lowkeyluxuries

4 ай бұрын

Move, life is too short to be miserable. Keep saving that 15-20% for retirement.

So glad John mentioned it being like grief. Thats exactly how I feel as someone who did all the right things, has a good income, and now just can't find a house I can afford, much less a dream house. It really is a process of grieving what I was working for and now feel keeps getting further out of reach.

We live in a duplex and the attached neighbours were renters. WHen the owner wanted to sell, the renters wanted to buy the place. But they couldnt qualify for the mortgage. They moved across the street and rented there and a few days later a brand new SUV showed up on their driveway. Will they ever qualify for a mortgage now? People want their "forever home" too quickly. I bought a apartment condo, lived there for 9 years, married my wife, sold the condo because it was too small, upgraded to a duplex. If We had the desire and need to we would upgrade to a starter house. We're happy with the smaller footprint. People immediately want to buy a house and overextend themselves.

Rent has gotten extremely expenses. Double than what I had paid back in the early 2000s. Let's not forget about the home owners' insurance skyrocketing due to insurance companies paying out for natural disasters. I heard about a woman who could no longer afford her home because of how high her home owners' insurance went up on top of her mortgage payment. Her home is now owned by the bank who can now make a lot more money when they sell it to a property management company. SMH

By time someone saves up the prive of a house will 600 to 700k for starter home....

@jasonsharpbucks

4 ай бұрын

not if you are saving now, you'll be in good shape, buy when it crashes

@abarbar06

4 ай бұрын

If you live where I live, they already are.

Nope no. Hope Specially in major cities, no hope I got my house in nyc only because me and my wifes parents gave us 290k for down and renovation And we were making 140k

What I learned from this video: Jade's house is "extraordinary". Good for you, Jade. In 2022, we fought hard for a "you're just lucky it's a house" type of home, and personally I think the door is closing more each year because the country is on fire.

For those that are willing to move, be strategic about location. Look at areas such as San Antonio that have booming job markets, and a median home price of $290k. My area in Bexar County has a median home price of $330k. There are markets with reasonable home prices and a good economy.

“It is what it is” - said by everyone who has nothing to say

My wife and I make 190k in the Bay Area and can barely afford an apartment let alone save to buy a house.

There so many issues here. One issue is there's a lack of starter homes and even if there was I have my doubts that young people today want to start life as a minimalist. Eventually we're going to become a renter nation.

I watch this show for pure entertainment. I love how contradictory these fools are. Now they are saying wait for the marketing correction, where as Old Man Dave is saying the market it going to stay steady. They are so out of touch with reality and honestly they don't know what to tell people other than "it just sucks" and most young American will not own a home unless they inherited it, they make bank or they live in the hood.

@theflightsimulationexperie6894

4 ай бұрын

Spot on!!

I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

@greekmom

4 ай бұрын

Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.

@greekmom

4 ай бұрын

Jessica Annabelle Rupp is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

@oopsyung

4 ай бұрын

Moving to Bay Area for a high paid work was the worst decision I have ever made. The house in Bay Area is not for layman like me.

@proudliberal24-sv1wo

4 ай бұрын

Unless you are making like 300k a year, I think a single family home in the Bay Area is a pipe dream. I would just rent what you can afford. Home ownership is way overrated. I own two single family homes near Washington, DC (one residence and one rental). You have to account for property tax, insurance, repairs, maintenance, added utility cost over renting, and any HOA fees in addition to mortgage. My property tax alone for 2 homes is about 16k. Repairs are 5k-6k for two homes.

@RGE_Music

4 ай бұрын

I live here too. Its so damn expensive here. I would look outside the bay

To me it's makes no sense to postpone buying a house in some situations. If your rent keeps you from saving you might as well put that money into a mortgage if you have the down payment. The trick is not to get yourself in a situation you cant live with. Also in my case i was 51, out of a divorce and had I not had a mortgage never would have had a house. Im 67 and just paid it off. Sonetimes waiting is not the answer.

@amireallythatgrumpy6508

4 ай бұрын

In that situation you just find a bridge or a tent to live in.

I agree the housing market is the worst thing I have ever seen in my life. This video however was pointless, there's no tangible information here. Wasted 9 minutes of my life.

First time commenter and while I honestly do appreciate your attempted 'pep talk' as for me at least- it missed the mark by a mile. Not sure if this is the message that you intended to convey but what I personally heard, was it's hard out there but that just means you have to work harder and lower your expectations that you might not be able to purchase a house of your own until you're into your 40's. So follow the plan- get out of debt- save for... 20 years and maybe you'll be able to purchase a "starter house"? (and that's with a 30 year mortgage). This isn't ok in my book (again respectfully). As I heard it- this was a nicer/9 minute way of being told again from house owners that us perpetual renters should just continue to "pull ourselves up by the bootstraps". Aside from that- I do appreciate your content and attempts to make people's lives better.

@Red_with_lead

4 ай бұрын

This is exactly where I'm at. House in my area that were $80,000-100,000 10 years ago are now anywhere from $275,000-400,000 and up. I'm making more money than I ever have, and it's harder to find a home for my family than it's ever been. Good luck, my friend.

Take the next right step. Don’t grow weary in well doing.

Finally thank you for saying this and changing your tone on this subject

How about Dave takes the first step toward fixing it and sells all of the rental properties. Put them up for sale at a reasonable price. He says the stock market makes 10% so put the money into the stock market then if you believe that

@katiejon17

4 ай бұрын

Because Dave Ramsey owning rentals isn’t the problem. Blackrock, Vanguard, and democrats are.

@michael589m

4 ай бұрын

@@katiejon17team Dave Ramsey is the best investment firm of our time

@recabitejehonadab2654

4 ай бұрын

Market doesn’t make 10%. , a thing of the past.

@whothou

4 ай бұрын

pretty sure it's just republicans and chinese buying up all the property@@katiejon17

Laughs in Canadian Housing Market

@DJRiyzen

4 ай бұрын

$3k rent, and $1.6 million for a crack house. Lol

@Thebignagro

4 ай бұрын

Not everyone in canada lives in Toronto or Vancouver houses in Saskatchewan and manitoba are around 250k

@rosannasauereisen2827

4 ай бұрын

​@@ThebignagroExactly! It bugs me that people assume the entire country of Canada has a housing market like Toronto and Vancouver. I live in rural Manitoba and we bought 20 acres with a house (not a fixer up either) and barn plus outbuildings for 440 K.

@DJRiyzen

4 ай бұрын

@@Thebignagro not talking about Toronto. Talking about all of Ontario. Yeah maybe other provinces are cheaper atm, but not with 500,000 immigrants a year coming to the country.

@gtileo

4 ай бұрын

I can complain about how crazy the housing market is in the GTA and half hour north of it, but I'm a single by with a nearly $2 mill house that is paying it off this year and just started breaking 6 figures 3 years ago. I get how crazy the housing market is but with hard work and sacrifice people could do what I did. It just won't happen over night. And the reason why we won't see interest rates coming down any time soon is because of this crazy inflation, it's keeping home prices relatively stable and keeping less people from over spending on stupidly priced cars and trucks

Patience is key. I’m 39, single, no kids, have a career, and get disability benefits. I am still not ready due to being halfway through Baby Step 2. I will never give up hope and will continue to follow these Baby Steps until the mission is accomplished!

In the southern states, new home builds start at 250k+ and starting salary is 40k (for teachers).

Sooooo did Dave tell y’all to talk BS about the housing market, because he keeps getting called out on the housing market or what?

Best thing to do is buy a cheap house. Learn to work on it. Sell it once it’s super nice or maybe just keep living in your cheap house. The house sizes have gotten so much bigger

I paid 635K for a 1600 sq ft home in a good area in Dallas, TX. I put 20% down and felt it. Luckily had an arsenal of 150K of cash I saved for my adult life. I was 29. Now 30

Your advice is practical and there isn't much more you can say. Tough times don't last, tough people do. That said, people are waking up to how much the system has thrown them overboard and if it keeps up it becomes grounds for a very unstable society.

high demand, low supply. But the supply is tied down with area building policies, supply chain issues, and the politics of homeowners not wanting housing in their areas

A nice home is a completely unrealistic and unachievable dream now. Saved for 10 years, no debt, make well into the six figures and it’s still out of reach because the market went crazy. Stuck in our starter home forever.

@wasafiassi

4 ай бұрын

You are a true example of a wise person and a house is not an investment. Be proud of yourself as a successful individual Those with fake wealth have miserable lives, buried in debt and never feel as owners of anything

😩…So glad you guys touched on this! Real talk for sure!

Covid was how I was able to afford a house with those under 3% interest rates. I'm so glad I made it and feel for those that are frankly screwed

Houses here in Munich, Germany cost at least 900.000 €. Me and many others have accepted to rent forever and/or move to a much more affordable, smaller town after retirement....because the best job opportunities are in Munich....

Which is why a 30 year mortage is ok. Is it ideal? Nope, but it sure seems like an ok compromise.

This housing advice from Ramsey is delusional..... I bought my house in 2020 for 240k at like 2.7%, f I would have waited for the 10-20% down and for the payment to be at 25% I would be buying looking to spend 500k+ nowadays. It's delusional advice because the house prices climbed much high than I could of saved by that time.

@amireallythatgrumpy6508

4 ай бұрын

It's delusional to believe home ownership is possible if you don't already own one

@theflightsimulationexperie6894

4 ай бұрын

Sounds about right.

There needs to be MILLIONS of new housing units built.

If you make less than $200,000 per year, there is no hope if you follow Dave Ramsey's advice and insist on a 15-year mortgage.

@matthewirish5755

4 ай бұрын

THIIIIIIS - under the Ramsey recommendation of not taking more than 25% of your take home pay. In John’s scenario - a $500k home, 20% down $100k, so a $400k mortgage, at a conservative 7% interest rate 15 yr fixed, $3,595 payment per month- you would have to take home $14,380 per month after taxes, add ~25% for taxes and insurance (before taxes), that household would have to make ~$230,000 a year. The US household statics indicate that less than 12% of American families make over $200k. Someone make this video actually make sense…

@stevegolacks8731

4 ай бұрын

Sure there is. Still many places in the country that are super cheap. But if you dont want to live there, I understand, just dont blame others.

@15KHPCLUB

4 ай бұрын

@@stevegolacks8731 But where are the good-paying jobs in those areas? What if most of your friends and relatives are close by? This is what you “just move” people never take into account.

@danieljohnson4418

4 ай бұрын

@@stevegolacks8731: Super cheap housing=super low wages.

@amireallythatgrumpy6508

4 ай бұрын

There is no hope AT ALL. Dave Ramsey just makes you realise that before it's too late.

I know we are about to enter the process of buying a home and even in the small town we are in people wanting $160k or higher for an older 2 bedroom home. This is in the Midwest though so keep that in mind. But even that trying to be somewhat frugal just because we don’t want to be house poor.

Amen- that is my Kitchen exactly but my stove works to provide a meal for my family! On my Debt Free Journey walking the road of the Baby Steps!!

When you finally save enough for your down payment and realize the housing market when up again lol

I keep saving money for a down payment and the houses in my area keep going up so fast that it outpaces my ability to save. I've just about given up trying. Why have a bunch of money set aside for the down payment when I'm soon going to need that to do other life things and stop chasing the impossible. Maybe someday I'll inherit my mother's small house. But until that day comes, I'm screwed. Also, these people really need to re-examine their advice to go with 15-year mortgage. That just isn't feasible for most people anymore. The payments have to be affordable and a 30-year is the only way to do that for many to even have a chance now.

@Elizabeth_lowkeyluxuries

4 ай бұрын

I went 30 year. Debt free. Paying like a 15. Bought a couple of years ago. 25% of monthly income.

@GravityBar231

4 ай бұрын

"I keep saving money for a down payment and the houses in my area keep going up so fast that it outpaces my ability to save." So true!

A $400k house with $180k downpayment, you're still looking at $1,900/month which is insane. I live in NH.

A big reason there aren't enough houses is because there are thousands here illegally living in houses and apartments.

Now it is hard to save anything when rent is SOO high!

I make 450K a year (base + stocks + benefits + bonus). I STILL barely have anything left after paying my bills and mortgage payment each month. How do people live in this day and age???

@mustangkurt

4 ай бұрын

What percentage of your mortgage bills is your take home?

Vehicles cost 75-100k. Yes homes are up there in certain areas but there are very nice places, with good jobs where you can buy a nice home for 350k. Like your show has said numerous times… don’t get into debt buying things that are wants not needs. Not everyone is going to get their “dream home” right off the bat and that’s the problem.

At this point the 0 down on a house is looking more and more worth it

The average age of the first time home buyer is getting older and older. It’s tough for a lot of first time home buyers out there.

My concern is that if you look at the housing market vs income graphs since 1985, it isn't really cycling up and down. Income is slightly increasing over time and housing prices are increasing WAY more... Even when the housing market crashed in 2008, it still stayed ahead of what the average income was... If something happens and we start building houses, that will decrease the rate at which housing goes up... But historically, it probably won't do more than a temporary drop/correction. It still won't be in line with income... Unless housing prices come down and income starts to increase more than it has been, this is only going to continue to get worse over time. And I don't see incomes starting to really increase. They have been climbing super slow over time, and will probably keep to that trend. I'd love to say, "and THIS needs to happen" but I don't see a "this." Things might get slightly less bad than they are now, but they won't actually get better and will only continue to get worse... And I am not sure if there is a fix for that... Or will housing just continue to get less and less affordable, as it has been...

Best video ever from this channel fr fr

It's only high demand, low supply because we have massive conglomerates buying up single family homes to drive the price up! That's where our shortage is coming from! This has to stop!😊

Trailers cost 200000$ now what a joke

I’m 26 and already exhausted from getting no where, hard to be motivated with the cost to survive. Honestly, living this life isn’t fun… looking forward to going to heaven at this point

@theflightsimulationexperie6894

4 ай бұрын

Save your money as much as possible and learn how to invest it. Make your savings generate you a passive income and you will not be location locked. If your income from your investments like dividends, interest, etc. are higher than your monthly expenses, then you’re good. Once your at that points, you can live anywhere technically. Southeast Asia like Thailand are 30% of the cost of the US and other major western countries. The US is not all what it’s cracked up to be.

Why would wall street buy these houses if its cheaper to rent than to buy? In my city rent is like 40% cheaper than a monthly mortgage if you buy today.

@Bamapride1985

4 ай бұрын

REITs... Have groups of investors that will pay cash then rent it out for the monthly return.

@paraax

4 ай бұрын

A potential answer: anticipation of inflation eating away at their cash holdings. The rent may not fully cover the expenses, but the underlying asset might eventually become valuable enough.

@GigaChad_169

4 ай бұрын

Cashflow…they buy the property, you give them money to live in it. Cash moves from you to them. It’s an income stream.

Thank you. This was encouraging.

Jade is a FANTASTIC host! Quoting scripture and bringing that truth. Amazing.

BUT RENT IN MY AREA IS CRAZY EXPENSIVE NOW. 😢 Everything is increasing 5x faster that my take home pay. It sucks

Finally, some truth to this. I’m on my journey of being debt free from consumer debt while saving for a house. I budgeted every dollar. Two years from now I’ll be debt free with 70k in the bank to buy down the interest rate since I don’t have to put a down payment on a house

"Nobody move nobody breath" is a great way to describe a desparate, house poor situation

Beautifully said. A message I really needed to hear.