I'm Afraid We Are Going To Be "House Poor"
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- Опубліковано 14 жов 2024
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They need to get the mortgage company to say they no longer qualify for the loan, and as long as they have a mortgage contingency on there that is their out!
That’s genius
This is exactly what we did. Got our earnest money back.
The average price of houses in many states is north of $400K. That is entirely unaffordable for the majority of people, when factoring in taxes and maintenance. The "starter home" (something less than $200K in my area) is almost nonexistent. The importance of that starter home is that it can be paid off relatively quickly and give someone a nice chunk of change to buy/build a nicer home. We were able to pick up one of the few starter homes in 2018, and we have the mortgage basically paid off, which puts us in a far stronger position going forward.
100% this. It’s disparaging.
@Goshawk1009 - people have to face reality. People need to start out in a condo or small townhouse that they can afford, live there for 5-7 years, sell and upgrade. The problem is unrealistic expectations like single family home, good neighborhood with good school district. I am on my 3rd home to get my dream home. Started with a 300k home.
@@thomasmorrison3279 When these small condos and small townhouses are starting out at that "400k" average price in the areas you live its even more disparaging. It's more like with housing rising every year and wages not catching up by the time you save enough its out of your price range again for even the most simple starter homes, that or you get something that is entirely outdated and falling apart which will not be rising in value over the years nearly as much as a "nicer" place would be.
Why do you need to keep upgrading? My neighbours have lived in the same house for 70 years, it's what most people would call a starter house. For a lot of people, that's enough
400K? I wish. Try 750k where I live.
house builder "how about we keep your 15k earnest money and let you out of the contract, and we sell the house for 50k more!!"
Exactly lol
No, the offer would be the builder let them out with the $15k. If they won’t do that, the family closes and immediately sells the house for a profit.
After deducting realtor’s 6-8% fees, the $50k profit will be a wash.
@@hitsofmisses Not if they sell the house without a realtor.
@@isaiahschroeter3538 absolutely a bad idea to sell a house without a realtor. She has four kids and he is active duty. They don't have the time to study up on how to do this safely.
The builder isn't going to let them go. Housing is about to crash, the builder isn't going to risk losing way more than $15k.
Dave doesn't think that way. He's so out of touch it happens with financial people who are worth millions
@@danellclark5470 Because his wealth relies on there being no crash. A crash means his rental income gets destroyed and he loses that wealth. His living in ignorance like all boomers do
@@anthonyfaucy2761 couldn’t agree more
@@anthonyfaucy2761 I don't think housing will crash
@@kbanghart congratulations. Your opinion is worth exactly how much I paid for it. Nothing.
How does anyone afford a house right now? I bought my house in 2010. I couldn't even come close to affording the same house today if I had to buy it again.
mcdonalds paying 14/hr now thats why affordability so easy now
@@317MaseX a McJob won't even help with rapid INFLATION!
@@ceecee8757 mcjob 🤣
@@317MaseX really? $15/hr full time in CA is still only 1800 a month take home.
I live in the Tampa area and this area is blowing up. If you’re from NY, Cali, or Ill; please don’t move down here 😇 lol
Sorry bro but that ship sailed! 🤣
Add New Jersey as well. They are all over the country. This trends actually tell us more about what's happening in those Democratic Run states. Hopefully, all those moving will leave their voting tracks record behind as well.
@@JustinCase780 sadly I know 😞
@@kelvinreyes64 Yep...you can always hear plenty of NY accents in Tampa. 🤣 NY south 😂
@@bravehats Amen to that!
90% of callers said they spent too much money. Solution: don’t spend too much.
The worse ones are the ones who know about Dave's advice and are regular listeners yet still go into debt. You see it all the time in the comments of his videos where the person laughs at the caller saying they themselves are in debt "but makes me feel better with my debt knowing someone has it worse" 🙄
@@anthonyfaucy2761 true. Sadly, some people find comfort in knowing others are worse. That’s no way to live. Don’t look up or down at people. Do your thing and be kind, use common sense and don’t go over your head.
@@BlueStreak706 I agree, it's the comments I can't stand or people will declare what they have, I mean that's great but and are you also helping others?
The solution is not to spend too much? That's incredible! You are a genius. We can close down this channel, problem is solved.
@@kbanghart very true. Nobody respect a show off. But if you help people in a tiny way, it goes s long way in appreciation.
Bringing home $8800/mo would leave them with $5600/mo to live on after the house pmt. That should be totally doable.
And she's not even working yet. Like how much money you all need to make a month to live 🤣
Disappointed Dave didn’t really dive into the numbers on this one. From what she said it sounds doable but not sure if she said she had debt
They probably have kids in private school. Very costly
@@diffizzle8630 but even with debt and she going back to work as a RN they should be fine. She's not even working yet.
Lol right!! It definitely is... just eat beans & rice for a little bit like Dave says lol If I was at her place, I would do all I can before giving-up to let it go....haha
2:15 - Dave Ramsey: "You've got house fever." Christopher Walken: "It needs more cowbell."
Hahahahah!! Joke of the year!!!
$8,800 take home…. $3,200 mortgage. $5,600 to play with. Am I missing something? Maybe a little tight but I think they can pay it.
They probably both have payments on new cars
@@Ostro1980 yeah, car notes average $700+ nowadays
@@Ostro1980 my thoughts exactly. If they’re debt free, idk why she’s freaking out & idk why Dave didn’t ask what Debt they have either.
I think you might be missing a bit...
I live across the bay from her. 1100 mortgage. it costs me about 36k per year for the house and related stuff. 3k per month.
she has 3x the house. will be well over 50% of take home. might even be 7k per month. depends if she needs flood insurance.
plus car insurance. kids. food. car payments?
way too much house. would have been OK in 2012. not today.
@@Ostro1980 I phones!
I’m so happy and Grateful we bought our second home and haven’t looked back. We are solid on our decision. I hope she finds peace and her dream home without the Financial burden.
Second home as in you have two now or 2nd home you have bought in your life?
Seems like most of Ramsey's callers problems begin with the sentence "We bought a house"
This has to be the most common mistake middle class people make. My aunt is broke, throwing half of her income on the mortgage of a luxurious villa thats obviously above her income bracket.
And most callers begin with either We or I.
I would have thought it was "I have this student loan"
Yep. Our bank pre approved us for double what we were planning on spending. So people think just because they can afford it on paper they can’t in reality. That’s why my wife and I are buying a house a lot less that the pre approval
@@happymolecule8894 That or buying too much car.
lol the builder is definitely not gonna give back the money. They will say nope, let you lose the house, and sell it after for 50k more
The broadly applied 25% rule really confuses me. Take family A that has $3500 take home - 25% = $2625. Family B has $8800 take home - 38% = $5456. Family A is doing a great job, pat on the back with the 25%. Family B has twice as much left over but can't afford the house and needs to sell because 38%? Family B has an extra $2831 leftover each month, over family A, but is house poor and must sell the house they have but time and effort into building? Why is Dave the authority on what individuals feel emotionally? Who would want to be family A in this situation? Why is family A celebrated, but family B shunned? Family B has significantly more financial freedom than family A!
Agree 100%. Gallon of milk costs the same for Family A and Family B.
The more I watch this video the more confused I get. Her main concern when calling is that she's not prepared according to Dave's plan (why was this not discussed???). They can afford this house and the house was appraised 50k more than they signed? Sell the house because it will be a "curse and a mess"?
Talk about sorrow! The crew is telling HER how SHE feels, when asking what's she's worried about, they just talk over her and don't give her time to discuss. Sheesh
@@KST6382 People don't get into debt trouble over the gallon of milk. They get into trouble with the lifestyle creep, and keeping up with the Joneses
@@godfathaofyo That's why you have self-discipline. I don't believe in assuming others will make the same depth, and breadth of mistakes given the same input variables. People are different. One size fits all is often the suboptimal solution.
@@godfathaofyo The point is that the family above the 25% threshold is shamed/told to sell asap, regardless of how much dollar amount they have left. Unless they're making dumb decisions with that amount, I'm sure they're doing fine.
Not entirely sure the builder will be willing to take the home back... they are begging people to buy with incentives as high as 50k flex money and buying down your interest rate... homebuilder sentiment is down, they obviously see something coming we don't. If I felt this uncomfortable with the purchase, i would pull out asap until I'm ready.
Tampa Florida is on the peninsula. Not a great place to build a house especially for the coming years where flooding as predicted.
Most of the middle class people are house poor
Which is so ironic because homeownership was the greatest wealth builder, the middle class was built on homeownership and now homeownership is and will be a dream for a lot of people going forward. Like you say homeownership is also a detriment to a lot of people now.
Because it's all about status
@@yvetteshokere7818 no it’s because prices have become unaffordable.
Best route is to find an area with cheap homes, work from home for big wages, then pay it off.
@@John3.36 no no, still u will be house poor,
You have to invest on things that put cash in your pocket, invest in stocks it won't create a liability on you, then invest in a business it will put cash in your pocket and then buy a small house or condo anything that's cheaper,
Make sure your work is bigger than your house that's how you grow.
Invest unnecessary money in real estate only when it's putting cash in your pocket that's it.
Change the way you think about building equity it takes away your financial freedom and won't give anything to you and will wait until you die thinking that house is appreciating, equity is building, it's not worth it.
These are the people I Ave to compete with to buy a house.. They bid 100k over asking then call Dave after they've ruin both our chances at a house... Thanks guys
Having 5k leftover after paying the mortgage each month is too tight?
Depends on how much you want to put into savings. I start with how much I want to invest each month. Then I figure out what my net income is. Subtract the investment amount and the rest is for regular expenses.
Always pay yourself first.
Yes if you live for other people and try to impress or mimick them.
Did you not hear they have 4 small kids? Figure in childcare, food, utilities etc come ppl with this same comment
The builder has already sold the house, why would they take a risk that it might not sell again for a significant amount of time? Also, just because it has been appraised at a certain value doesn’t guarantee it will sell at the appraised price.
its not guaranteed but it should he sold around the appraised price. Thats what they are for is to make sure noone is over or underpaying.
That's 36% of his pay. And there is 5,600$ left over after house payment. Not to bad.
Exactly. What could be hard about living on $5600?
lol ya, most people are paying 50% of their pay just in rent
Over 30% is bad.
@@amireallythatgrumpy6508 ain't no hardship
@@MrRckstdy77 Doesn't need to be hardship to be bad.
3200 per month when you take home 8800 isn't too bad really. Thought it would be worse...
That’s cheap. We are looking at $4500 on a 10k/month after tax income. In my area mortgages are 3500 -5000/month with interest rates right now
I declined a job offer with full relo package to Tampa just because If I moved there my debt would be 350k whereas now I'm down to pay 100k left in the current home I have.
I work remotely so it makes no sense to move and gain debt.
This doesn't seem too bad. Lol. They needs to make a decision. She could work part time as a nurse ?
He needs to dump this foolish woman before she bankrupts him.
Going to work? Are you crazy? She must stay at home and keep spending the money.
@@gpi715 you mean, stay at home and watch a few other kids to make some daycare income. In Tampa Bay could be quite a bit per month.
@@morrismonet3554 she shouldn't have married him if he's going to stay in the military
Too lazy
If the fool just made 3200 a month as a RN. Which is probably part-time she would cover the mortgage and they have the 8800...are they even thinking!!!
If she goes to work then they probably need to pay for childcare, there's always a tradeoff.
Lol oh, she can make more than 3200 right now it's very high demand job!!
@@deehope9477 yeah i was just thinking of the minimum if she wanted to be home more.
@@dmulchrone As a RN, she'd be making way more then child care costs.
Advent health literally she could get a job on the spot. She doesn't want to work.
The payment is near 38% of their take home. I would buy it and then sell it.
.... with her Not working... smh
@@RR-jk3rl yeah she needs to start doing daycare from the home, that's what my wife did.
@@kbanghart she needs to do SOMETHING because her husband is killing himself for HER dream and she is contributing NOTHING
She makes nine grand a month and she's worried about buying a house ..boo hoo 😭
Lol girl don't give up!! You can make it to pay $3200 off of $8800 income if y'all eat beans & rice for a little bit lol like Dave says!! But, I hate to see you giving up on this after all your hard work so far! Praying for you 🙏 very hard going back to start all over again on your dream home 😔 please "DON'T Give Up 🙏 😊
@@deehope9477 agreed! Over 5k left after the mortgage is paid and they’re worried?! They’re fine now & If she were to go back to work, they’d be more than fine.
8800 take home, but that does not include mandatory pension (military) payments. He's probably making close to 10k take home, which is not as bad ratio wise.
Pension payments? Pension payments are when a person retires from the military after 20 years or more. He has only been in 10 years.
I didn't know military pay that much, his salary is over $120k😏
@@leadrecruiter I think she said he’s a pilot in the AF. Officers make good money, even only 10 years in, but they’re just as susceptible to debt and bad decisions as the rest of us.
He is probably a CPT which would make about $120k if you include housing allowance and other stipends. Pilots also get $1k extra a month for flight pay.
@@thinkforyourself9334 you pay X dollars into your pension throughout your service, unless something has changed recently. That amount is taken off before the money hits your account, so it's not included in take home pay. It should be included when calculating payment ratios though.
The other side of this on the builder is that they ask for money and when you the buyer can’t. They cancel the contract just as the house is done and then turn around and sell it for more money. I’ve seen that happen to a couple of friends of mine.
I’m going through this exact same story. We were entered into a lottery system for new build housing and we were chosen out of 500 people on the list. We were not expecting to be chosen so soon so we were not fully prepared to take on a 400k home. Now they have 15k of earnest money.
Why do you need a 400k house?
You sound like a victim. Why did you apply in the first place?
@@bravehats Not a victim.
You women are what the problem is with society. Just never ending thirst for consumerism and materialism
I could understand that the house probably cost 250-300 a year ago. Very similar situations where I live. Makes you wonder if you won that lottery draw or if you were the first that didn’t back out immediately.
AD military gives a housing allowance and with his income I'm sure at least $2000 (or more) of that $8800 is for housing. There's not a lot to make up. They have more than a lot of other people have right now.
that is what i wast thinking. $8800 take home pay sounds fantastic, with a $3200 mortgage that is only 36% of the take home pay. Seems manageable to me. I have seen far worse.
@@teekaybe4016 I'm sure they have car payments, trying to keep up with the Joneses. From what I've heard about military, there's no way to win in that scenario. She needs to get a couple extra kids in the house and start charging daycare. That's what my wife did, gave us a good amount of extra income plus tax deductions.
@@kbanghart Yep! My husband and I were both Active Duty at one point (living in separate states). I flew our daughter to him bc I had to attend training. He placed her with a military spouse on base. We loved her.
@@kbanghart At least the military intensives having kids and family formation, which is a good thing. But yea cost of living and trying to live an expensive life style will hurt anyones budget. However at the least if they wanted to they could downsize expenses to get the home. Keeping up with jones never works.
I love when Dave says dont buy a house with sallie mae sleeping in the spear bedroom
Murphy is moving in with Sallie. Lol
what's a spear bedroom? like a bunch of pickle spears be chillin in there or wat? lol
@@BrD4GOD stupid iPhone I meant spare!!
@@thetruth5635 i know I'm just messing with you
House monthly is $3,200 and their take home is $8,800 per month is TOO much house? 🙄 If she said the gross annual it would be considered fine. 🤣
But Dave agreed! She isn't even working yet..imagine when she does. They crazy.
The math puts them at a payment that is 36% of their take home pay. If they were debt free and lived on a budget they would be fine. Mom also needs to work PT and get their take home pay up to $10k
It's probably doable just not ideal, unless she goes back to work. And maybe they have other debt too, who knows.
Right, was thinking if they can’t live off $5600/month without rent/mortgage, they have spending problem, not housing problem
Unless there’s a lot hidden debt that wasn’t mentioned like student/car debt
My heart goes out to this woman. It should be illegal for anyone to be in the military who has children. The military shouldn't be creating absentee parents.
Of course they took her side. She doesn't work so she doesn't make any money but some how she's the grown up who's "tired" of all of this. Get a job lady.
Where is the compassion for her “tired” husband? I would be willing to bet he agreed to buying this house to make her happy.
I agree HE needs to work full-time and look after their kids and home. And SHE needs to work full time and look after their kids and home.
She is a nurse
She can work night shift. Or weekends only.
A lot of flexibility In her profession.
@@dimediamond Exactly. There are many options if she researches.
I work two full-time jobs and I still don't make $50k a year, but again my expenses make up only 20% of my income so I'm saving a lot of money. If you are willing to live off of struggle meals and have multiple roommates you can get by.
you have two full-time jobs? You work 80 hours a week? How do you have two full time jobs? I work one full time job 40+ hours a week some weeks much more and im dead after work- mentally speaking.
I also totally agree with your overall point. I make 42K but my expenses usually only take up 30% of my income per month. Live cheaply and with roomates. But also I am thinking of buying a condo, which would mess up my only spending 30%.
She needs to get a job. Military is tough for families.
Lol Yep! She can make a good $ if she want go back to be a nurse!! Nursing job is on a high demand right now! Hospitals are asking to pay double if nurses are coming to work, my niece is a nurse & she always wonders where are the working nurses are?? Maybe stay home & raising kids, which is great btw😊
@@deehope9477 And in Florida, you don't need the shot.
I've responded to a dozen comments. that house with a 3200 mortgage here in Tampa will cost 6000 to 7000 most likely, depending on flood insurance.
8800 take home is going to be VERY tight.
get out of that now!!!!
Solution: live on military base housing and quit showing off buying a brand new house.
There may be a waiting list for military housing.
She said 18 month waiting list
It's going to get worse with inflation. Most thought the good times would never end. A tsunami of foreclosures is coming.
Plenty of jobs for RN jobs here in Tampa advent health has hiring events every other week down here. Seems like she doesn't want to work. She doesn't want to work. Wanna keep the house gotta work.
The blessings of the Lord have no sorrow in them.. Job and Jesus be like “ aiight imma head out.”
I feel like numbers should be discussed a little more. Is the 8800 take home pay after tax, insurance and 401k contributions? If so, potentially his gross income is over 12000 which would make the 3200 mortgage payment within the 25% rule.
Thank you. I was thinking the same thing. How can they not afford that? They just got to budget better but idk
Isn't the 25 percent after taxes and deductions?
Dave is a boomer. He don't think logically
Yea I mean 8800 gives you roughly 2200 per week..and your paying 800 a week in mortgage...really not that bad honestly
@WendyLea The Ramsey Rule is using net income not gross.
Not going to lie when John started talking about the husband I thought they were going to do the blame the husband game. A typical I see on the Ramsey team.
Husband is military so they can't blame him
I See Dave Ramsey, I Click. Simple! 💯
How this is not affordable? I totally get that DR advise is not to have a mortgage over 25% of your take home pay but this is just 12% more. They still have around 5k to play around a month.
If they have a fully funded emergency fund and they stick to their budget, they should be fine.
Why doesn't she get a job, and contribute her income.
As a RN, she can bring in more then what he is.
Glad to see you sobered up Jimmy!
@@alinatamashevich3354 Eighty six years in jail will make me.
@@jimmymcgill6778 Now it sounds like you have the DTs
They probably won’t do it now since everyone is backing out now
Going to be there two years and decide to build a house! I grew up in an Air Force household. My mother was made to be a military wife, in a good way. This woman doesn't feel like she was made for it.
With 40% of their income going towards the mortgage, they'd really teetering on the edge of disaster. Being a pilot is a high-requirements occupation, and many unforeseen medical conditions could make the husband lose his ability to fly and lose his flight pay, which would make their situation untenable.
The mortgage is only $3,200/month and her husband take home $8,800/month so that's $5,600 a month they have left to live on. That's affordable. 😁
I know officers can make good money in the military, but an officer with 10 years in, bringing home $8,800? That sounds about right PRE tax (example: An 0-4 with 10 years in is making $8255 per tax)
Being ex-af, she is at MacDill Afb. Nice housing and no AC bills. She will lose 10% or more due to 2-way transaction costs to buy then sell. Thus she should just walk away and lose her earnest money while moving on-base. She is being hardheaded to buy in Tampa with an excellent alternative home close to husbands work. And can get down to just one car at the same time. This is a no-brained.
She’s not tired she’s exasperated. Or maybe both. I think she’s also overwhelmed.
I wonder whose idea it was?
Stupid and greedy is more like it.
Although I think this particular woman is probably right to walk away, IMO the principle of "don't spend more than 25% of your income on a house" is obsolete. I bought my house 25 years ago for $250K, paid about 25% of income on the mortgage. Since then the value has quadrupled, but neither incomes nor the cost of other stuff has gone up nearly that much. These days I wouldn't necessarily be uncomfortable spending 35 or 40% of my income on a house payment.
you likely won't get a house at 50% of income take home, in many areas.
the choice is house poor, rent, or leave the area.
@@hvaball150 by house poor, you mean the house is making you poor, right? Just clarifying, so if you have some good equity built up, I guess that would mean house rich and cash poor, if the mortgage is high.
@@kbanghart I assume house poor can mean that so much of your monthly income is consumed by the bills for the house that you don't have much left over to live or save. you have plenty of equity but cannot access it instantly or easily.
of course you could have no equity... but your best choice there might be to turn in the keys.
@@hvaball150 Yes, that's always been my understanding too. A lot of house poor people became poor poor during the 2008 bust. Value of house drops, you lose your job, boom, your net worth is zero and you're on the street.
I’m glad my husband and I are not out to impress anyone with a house.
people put themselves in these situations period. Dont buy something you cant afford and its has a comfortable payment. Did 2008 teach anybody anything.
Sounds like has a deeper problem here. Dropping their rent by 700-1000 isn't gonna change the game too much, but hopefully it helps!
I don’t see a builder giving deposit back no way!!
That will not happen. An individual may give it back but not a builder.
How is she “tired” she sits at home….I love Dave but don’t like that they try to force emotions on people that does not make the situation better for them.
Exactly
JD is really good at telling people how they feel; I bet she never thought it before the PhD mentioned it.
8k is plenty to afford this
If you ever want an example of how useless a PhD is just look at John. "you're tired aren't you" I just wanted to puke after that pandering BS. But that is the extent of the entire profession of whatever academia speak he calls it.
You can tell he was indoctrinated by the University he attended.
Dave needs to get rid of him but seems he likes him as his just as much if a narcissist as he is
Agreed. What a ridiculous response to her dilemma. Even she didn't agree that she was tired.
This call infuriates me. I had to listen to it 5 times to verify how insane everyone was, including Dave and fake "Dr" John.
Dave starts to give her financial advice before getting numbers. John says his trademark bs "are you tired? You're tired. I know you're tired.". The woman caller wasted her career and potential student loans to have kids, and blames the kids for only living on their husband's income.
Dave and John didn't ask her husband's salary after retirement, which is typically lower than active duty unless you are deemed disabled. They also, as I first stated, did not ask anything regarding their income or salaries to the level that would help to give any advice. Dave jumped in the usual "everyone that calls me is an idiot that buys houses" crap. Nowhere in the call did she state WHY she is feeling worried. It's all in her head, unless she has decided to NEVER work again, which she did not state.
I told you guys Dave is out of touch he thinks that houses are going up and up while our cost of living is going down, nobody can sustain that and live the American dream
George Carlin has entered the chat
He's always been out of touch
Buy it and sell it after
3200 a month in fl its a damm nice house
Well 8800 income 3200 a month is like 35% she can make it
It’s only a 36% DTI which isn’t super crazy but if its bringing stress I would also not buy
2:40 D:s standard line.
Could the production team please Edit these off of the episodes?
I’d like to hear a follow up see if they did.
Does the $8800 include their tax exempt BHA? There’s more to the financial story and Dave nor Rachel asked the right questions. The builder isn’t going to give them their money back, that’s a a pipe dream.
We have a 2300$ monthly payment making 180k more or less and we feel the weight of it. You have every reason to be concerned about this deal and you could do the resell option.
Are you debt free ?
@@stephj.4886 ...exactly...would love to hear the back end ratio on that story...
If I double my income and make as much as they do I will stay in my $180k house until after it's paid off.
You may be able to afford the house, but you won't be able to afford the skyrocketing energy prices this winter.
She won’t make 50k back because she will have to pay closing cost and extra fees added on to it.
Work from home as a tele health nurse and keep the house.
Brilliant idea!
What I hear is the husband is getting out of the military in two years. His income will be zero until he finds a job. Both of them will need to work to make the payments. Maybe better to find something cheaper and save to move up later.
did they go all out during the pandemic? I feel no sorry for them
She could go interest only and rent it out or complain the house is not what she expected.
If the builder agrees then renting it is a good option; but the builder may want them to buy it since they build and sell not build and be a landlord.
Sell it and buy something affordable. The money should all be put into savings or into an emergency fund.
She's a nurse she can work one day a week and make an 2k a month and she should be doing this anyway to keep up her license.
8,800 a month can afford a 3200 mortgage Dave Ramsey is overreacting
Wow what an advice. $8800 and $3200 mortgage sounds good to me
I’m RN I’m not working. 🤣🤣 never heard of that. Put kids in child care as RN you will make enough money.
We are house poor and it sucks. I love the house though and I’m willing to make the sacrifices to stay in the home.
When you have four kids and no emergency fund, why try buying a house anyway. Stop trying to keep up with everybody else people. Do your homework first and thoroughly.
An RN could easily bring in an extra 5k a month take home. She needs to go back to work!
Bro...that scripture is life!
Why did Dave not ask how much debt they have??
Because he's getting old and senile.
Im a pensioner in northern ireland i need to move to a bungalow, i have a income of 1477 and the mortgage will be 393.33, ill be able to manage it and hope to save 4 to 500 pounds a month i have no debt
Deloney is fine on his own show but I don’t like the vibe he brings to this one while with Dave. He tries to go way too deep sometimes and just needs to stick with the situational question and save the therapy questions for his 30 min shows. And the new host is practical but she has no personality. Let’s bring back hosts with some fire! I do think George has improved.
I cringed at the “you’re tired arent u?” Line
I know, since when did being a wife to a working husband for 10 years lead him to think being tired will answer her question about being house poor. What a reach. Get back to the decision making, budgeting and strategy advice - not the tired and guilt questions. He once brought more value until his show took off and now feels the need to pull out more emotion than necessary with every single caller who is looking for $ advice!
if you don't want to be house poor stop driving new vehicles simple as eating Pie , also it's like Dave Ramsey says Don't Drive To Impress people by the sidewalk While the thing goes down in Value . I Wish Everyone in the World would be a Sensitive , Generous , Person like Dave
Completely disagree. Dave's advice is great for cheap housing areas and With an 8000 + take-home... It's not that bad. The house will make more money than they save so it's a good investment. You have to live somewhere and will be paying someone else's mortgage. Might as well be your own.
You need to work. Contractors never let you out of the deal. Hope this is the worst mistake you make in life, not really a big deal, sell the house.
I feel like their answer is always to just sell the house
Welcome to Tampa!
She has all the reasons for being scare.. Hope she get the money back...
Will interest rates come down in a couple years or will they just keep rising and stay high forever?
I look to the past for answers, when interest rates skyrocketed to >10% in the 70s, they eventually came down.
She should wait until she is able to go back to work. Could she work weekends while husband cares for the children?
I actually think they can afford it. She just needs to get a job
If he has been in 10 yrs they need to stick it out until he gets retirement
Bases provide childcare, she can find a part time job or work as a school nurse to cover some bills
Why don’t they just sale the house and make the 50k