Yeah, where to park the down payment is the least of their worries. Trying to keep up with the rising cost of housing may be the biggest obstacle to new home ownership in the next few years. Just saw a neighboring house sell for double what I thought it was worth - and I am seeing that a lot. I don't know where the people are getting the money to buy at these prices.
Gentrification around NYC speed rocket prices. Pushing prices up has a bottle neck limits; how are going to keep these investors that kind of income. Most regular people can't keep paying these high rents.
Exactly. I know that wages have gone up somewhat. But not 2X or 3X like housing. I highly doubt that people who are buying houses at these ludicrous prices are paying cash. It's only a matter of time before something gives.
In order for me to buy my house where the mortgage was no more than 25% of my take home pay, we had to put down $104,000 on a $210,000 home. It’s not always a perfect 20% and you’re good.
But your quality of life won’t be as good. The commutes to even get to the grocery store might be too far, the school system might be subpar, weather is a bit extreme for summer/winter, jobs in the area are limited, crime and safety might be a bit high, neighborhood people may not be pleasant to be around
"The woman is... auh gosh... Frugal, frugal don't even touch it." And Dave's shovel: "That's a compliment my darling, that's a compliment my darling....
Ive been going through the same issue. Id say it depends on the timeframe. If your plan is to buy a house in under a year, cash. Over a year, invest some or all. Ive made over $100k in investments in my house money the past year. If i had that in cash, it would've been destroyed by inflation and i think does impact the house i can afford
@@b-rad-3849 🤣 What would the point of getting rich be if you had to pay taxes on it??? Only reason I'm TRYING to get rich is to never pay full price on products including society/governance/commonly owned goods
@@b-rad-3849 He means when doing calculations with people. Where I live, the top rate of income tax is 50% plus other taxes. This is a very important part of the Ramsey 'formula' that doesn't add up for everyone and why debt can be your friend tax wise.
There isn't such a thing as a housing bubble. Its going to be even worse in the future especially in North America where there is simply not enough inventory. Inflation won't change much. I would suggest buying a condo to start and as that appreciates you can sell for more. Get anything you can afford.
Depends what you mean by traditional. Citi, AmEX, Synchrony, Marcus, Capital One, & Barclays all offer "high yield" savings which is 0.6%-0.7% right now. They will increase as the federal funds target rate increases.
Not sure why he’s talking down a HYSA? Of course you make money in a HYSA. Yes, it’s a lower risk and lower % than the stock market, however you’re still making money.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@Ingridlourd02 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitment.
Why is Dave out of touch with the actual caller. Just answer the question I can’t stand to listen anymore and I am debt free b/c of his teaching from 10 years ago. And get rid of that yes man side kick !!!!
How is he out of touch on this topic? Explain to me how not having an additional 20k on top of the 200k you already have going to keep you from buying a house? It isn't. This isn't really all that complicated.
Amazing i also just started trading with Mrs Natalia Watson ,she is the best at what she does with an initial investment of $1400 i made up to $52320 in just a week of Trading with her, her strategies are mind blowing.
Once he buys the house his wife will divorce him and take the house. Nothing against wives; it's the biased court's and laws. Don't get married. Save yourselves men.
Yeah, where to park the down payment is the least of their worries. Trying to keep up with the rising cost of housing may be the biggest obstacle to new home ownership in the next few years. Just saw a neighboring house sell for double what I thought it was worth - and I am seeing that a lot. I don't know where the people are getting the money to buy at these prices.
Gentrification around NYC speed rocket prices.
Pushing prices up has a bottle neck limits; how are going to keep these investors that kind of income.
Most regular people can't keep paying these high rents.
Check out invitation homes. I believe they’re the largest owner of single family homes in the US now. Obviously Blackrock too.
Exactly. I know that wages have gone up somewhat. But not 2X or 3X like housing. I highly doubt that people who are buying houses at these ludicrous prices are paying cash. It's only a matter of time before something gives.
People saving money and if they have their own home that they sold
Management companies that need to be BANNED from buying property. We need gov intervention stat!
To even have to put $200K as a down payment is wild, but he is in Seattle, WA.
Yep, a millions dollars to buy a house in Seattle....and that’s not anything special.
In order for me to buy my house where the mortgage was no more than 25% of my take home pay, we had to put down $104,000 on a $210,000 home. It’s not always a perfect 20% and you’re good.
40k swing is a big deal if you're not rich.
I’m really glad I don’t live where the cost of living is that high. $200k gets you a decent small house still. $400k gets a really nice house!
400k should cover the over bid here in. California! 🤯
$200K gets you a decent $150K house, $400k gets you a nice $350k house
@@robeasy13 lol same in Toronto. That's just the bonus you gotta pay
Where I live, a manufactured home starts at $325. A condo, about 890 square ft with $600 month HOA is $360k. An actual house would be at least $380k
But your quality of life won’t be as good. The commutes to even get to the grocery store might be too far, the school system might be subpar, weather is a bit extreme for summer/winter, jobs in the area are limited, crime and safety might be a bit high, neighborhood people may not be pleasant to be around
Except that inflation being near 18%....
"The woman is... auh gosh... Frugal, frugal don't even touch it."
And Dave's shovel:
"That's a compliment my darling, that's a compliment my darling....
Ive been going through the same issue. Id say it depends on the timeframe. If your plan is to buy a house in under a year, cash. Over a year, invest some or all. Ive made over $100k in investments in my house money the past year. If i had that in cash, it would've been destroyed by inflation and i think does impact the house i can afford
Where did you park it that make $100k?
@@mlovespring7892 various stocks.
@@mattwalter6207 Your going to potentially give it all back, then some in the next few years.
@@mph5896 thanks for the advice 👍
I find it funny how Dave lives in a world without the IRS.
@@b-rad-3849 🤣 What would the point of getting rich be if you had to pay taxes on it??? Only reason I'm TRYING to get rich is to never pay full price on products including society/governance/commonly owned goods
@@user-qu6ij5sl1v how ? you mean funneling through business ?
@@b-rad-3849 He means when doing calculations with people. Where I live, the top rate of income tax is 50% plus other taxes. This is a very important part of the Ramsey 'formula' that doesn't add up for everyone and why debt can be your friend tax wise.
I think it's harder for him to do the math in his head so he just ignores it
First debate: Save the $200K in what form?
Second: Which place should we get coffee?
Third: Who gets the cat during the divorce?
Third: that's why Dave said you can do it 50/50
@@djpuplex That's! true. And, they both can't take half of the cat.
The cat gets a full ride everytime.
Happy wife happy life is really an unkind phrase in this country.
Good conversation 🤣🤣😂
😂😂
inflation should be included in the analysis . If you do a cd you actually lose the cost of opportunity loss plus inflation .
I bonds my man
Love this one. So funny
So, should I not put my home saving money in a high yield saving account?
“Happy wife, happy life”
Of course Ken said it 😒
Why not a 1 year bond? 5-6% guaranteed. I swear Dave gives some duds.
What if home prices rise more quickly than you can save money?
Then you know there’s a housing bubble. Just keep saving and wait.
Then you wait for the bubble to burst...end of 2022/2023 is calling.
You don’t make enough then to save
There isn't such a thing as a housing bubble. Its going to be even worse in the future especially in North America where there is simply not enough inventory. Inflation won't change much. I would suggest buying a condo to start and as that appreciates you can sell for more. Get anything you can afford.
@@AimeePoppinBabies sounds really desperate…never make moves when you are desperate
I bonds
high yield saving ? is there really such a thing anymore in traditional banks ?
Depends what you mean by traditional. Citi, AmEX, Synchrony, Marcus, Capital One, & Barclays all offer "high yield" savings which is 0.6%-0.7% right now. They will increase as the federal funds target rate increases.
SoFi gives 1.25% right now
High yield savings is a perfect place right now.
@@mbyrd6713 what have you fond lately ? i'm seeing 4-5 on regular savings accounts ! who needs CDs huh ? lol what a dif a year makes
@@NWforagerMarcus is at 4.4% or maybe it was 4.7%
Not sure why he’s talking down a HYSA? Of course you make money in a HYSA. Yes, it’s a lower risk and lower % than the stock market, however you’re still making money.
And better than the Bank of America savings I’ve had most of my life at .01% before I even learned about a HYSA. Now I’m at 4.7%
There is nothing as high yield savings account.
What about staking stablecoins and getting a high interest rate.
Not a bad idea, just make sure to diversify in case a LUNA situation happens. Maybe USDC, USDT, and others.
He cuts every one off
jajaajajja me encantaaaa como termina el video jajaj
How they flipped the case on us as women having elephant memory made me laugh lol
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@Ingridlourd02 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitment.
@Ingridlourd02 Clementina Abate Russo is her name
Lookup with her name on the webpage.
@Ingridlourd02 You are welcome .
I have 200k what should i do?
Get an RV and park it in the woods
In a HYSA
High yield savings account. I-bonds if they won’t need to use the money in the next 12 months.
HYSA barely cover inflation. Mostly exists as a parking place, not for investing.
Qyld baby
Hope he didn't put it in ETF's 4 months ago.
Time in
In your briefcase 💼
" happy wife,Happy Life"... simp life.
I recoiled when he said it. Ridiculous.
If your spouse feels entitled to rag on you if you JOINTLY made a bad investment then that spouse needs therapy or needs to GO
I laughed when they said you can't lose on that. Yes you can lose your self respect and dignity.
In MY Pockets!
Happy Wife Happy life.......worst thinking ever.
@Tatiana Carrasquilla Single an rich! Once we get abortion limited, we're going after alimony and divorce laws. NO MORE ENABLING!
You didn't listen, that was option two. The reasoning on why was also sound.
@Tatiana Carrasquilla Simp
You must be a beta
👍
When do you decide to start saving for a house, even though have no intentions to buy now? Edit: I'm about to turn 25
Why is Dave out of touch with the actual caller. Just answer the question I can’t stand to listen anymore and I am debt free b/c of his teaching from 10 years ago. And get rid of that yes man side kick !!!!
How is he out of touch on this topic? Explain to me how not having an additional 20k on top of the 200k you already have going to keep you from buying a house? It isn't. This isn't really all that complicated.
It's easy for women to remember events when they're right merely because of how infrequently it occurs
I will forever be indebted to you i was able to build a big inconme stream investing with Mrs Natalia Watson, you've changed my life, Thanks so much.
Amazing i also just started trading with Mrs Natalia Watson ,she is the best at what she does with an initial investment of $1400 i made up to $52320 in just a week of Trading with her, her strategies are mind blowing.
Mrs Natalia Watson stole all my money, please NOBODY give your money to Mrs Watson they are a scammer using these bots to advertise
@Emily Stewart .J you look pretty and beautiful
SCAMMERS 😂😂😂
Scam
Once he buys the house his wife will divorce him and take the house. Nothing against wives; it's the biased court's and laws. Don't get married. Save yourselves men.
🦗 🦗 🦗
It's not marriage that's the problem. It's the quality of the person's character. Choose wisely. Works both ways btw.
Always get a prenup
Totally agree, avoid marriage, stay single and be a happy man
@@caliopeknows844 well its both. I think the courts and laws should be fixed but yes it's all moot if you marry the right person.
Secojd
He's lying.
I’m second
any time a man says " happy wife happy life" makes me cringe. such a beta mentality.
First
He's lying.
I’m first
@@Xspeedspec
I’m first.