Dave Ramsey: Why RIGHT NOW Is The Best Time To Buy A House! (Don't Wait!)

Youtube ^ | 06/09/2022 | The Ramsey Show

[millenial4freedom]

Ramsey may offer good advice to folks in tough financial circumstances, but sometimes I think he's just schilling for some of his sponsors like NAR.

[cableguymn]

No.. before slow joe caused inflation and higher rates was the time to buy.

[janetjanet998]

If you do don’t want to give big tech, Trump banning youtube traffic and ad revenue........

Dave Ramsey also has a Rumble channel

Why RIGHT NOW Is The Best Time To Buy A House! (Don’t Wait!)
https://rumble.com/v17vueu-why-right-now-is-the-best-time-to-buy-a-house-dont-wait.html

[rktman]

Not in our hood. Eleven hundred sq/ft 2bd 1bath over $400k. Tiny lot. Maybe a one car garage. 😨💸

[1Old Pro]

oops, he meant SELL.

[TexasFreeper2009]

well of course, if you have a time machine. But we don’t so with inflation skyrocketing.. he is right, this is the time to buy any appreciating asset.

[God luvs America]

Exactly- the housing market is already dropping. Mortgage rates going up, inflation, home heating oil, etc.

Home shop and don’t pass up a great deal but take your time- houses will be significantly lower in 12 months.

[SamAdams76]

Thanks for the Rumble link. I try to stream from there first before resorting to YouTube.

The content there is still a fraction of YouTube but it's growing all the time.

[TexasGator]

“oops, he meant SELL.”

Watch the video!

[cableguymn]

Ray Charles could see what Biden was going to do coming from 1000 miles away.

no time machine needed.

[srmanuel]

I’m not a financial planner, but the housing market will crash in the near future as interest rates rise, this is the absolutely the wrong time to purchase a house.

If you do, you risk buying a house extremely overvalued, if you take a variable rate mortgage, good luck because you will be screwed unmercifully.

[Brian Griffin]

In many areas housing is clearly overpriced:

https://www.yahoo.com/news/housing-market-just-slid-full-163652503.html

I believe that the map overweighs local income somewhat.

Austin is very overpriced. Athens, Georgia is crazily overpriced.

In some areas house prices are still reasonable.

[EEGator]

Is this satire?…

[Tell It Right]

I respectfully disagree. Wait until the housing market drops and buy, even if it means having a higher interest rate. Buy when the price is low to lock in a low price (low mortgage balance).

Then a few years later when the Fed lowers rates again to help us pick up the pieces after the next stock market crash, you can refinance and have a low rate too. From then on you'll have the best of both worlds: a low mortgage debt with a low interest rate.

[TexasGator]

“Exactly- the housing market is already dropping”

Slowing ...

[DEPcom]

"No.. before slow joe caused inflation and higher rates was the time to buy."

He saying:

• Right now is the best time to buy a house if you are buying in the next 5 years.
• Prices are not going down, they are going to go up slower
• Five years from today houses are going to be more expensive, this is as cheap as it's going to be in the next five years
• Don't wait for interest rates to come back down to buy, refinance if the rates come back down. (Me: get locked into an interest rate before they go more )
• Sellers are selling because they believe it is the best time to sell.
• In 1982 when interest rates were high home prices did not come down, the sales slow down but prices did not go down.
• The data indicates we are in a housing shortage.

I think it is best to get into a house if you can afford it without overextending yourself. Rent will be higher than a mortgage payment. The rent for my house would go for three times more than my house payment.
We know the interest rates are going up, lock in a good rate before they go up any higher.

[imabadboy99]

read up about his black employee and what Dave did for him.... for someone who claims to be a Christian it was highly questionable behavior

[lurk]

You can’t blanket the whole country with the same real estate advice.

There are hot spots where the population immigration and birth rate will keep sales and home prices vigorous.

[WKTimpco]

A couple problems with what Ramsey is saying.

1. “It’s the best time to buy and the best time to sell.”
This is gobbledy-gook.

2. He doesn’t even tip a hat toward inflation and real-dollar prices. He says that a $1.8M house will be $2.1 in a year. Ok, but this could easily be a zero real-dollar gain or worse. Better than a loss due to holding cash in a high-inflation environment, but it still might be a real-dollar non-gain or worse.

[Rural_Michigan]

It makes sense. People are saying there’s a slow down in housing coming and I see it already. However, I don’t see a significant drop in the future. Assets appreciate and the supply is shorter than demand. If rates go up to like 7% then we might begin to drop in price.