Posted on 06/09/2022 11:45:14 AM PDT by 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.
(Excerpt) Read more at youtube.com ...
Stupid advice, really stupid.
End result: everything paid for, zero debt, early retirement.
Not the advice I got...Keep accumulating savings and wait for the market to crash, expect about 18-months to 2 years and you will get a deal. That was last July.
If he’s got the NAR as a sponsor, he’s rrally too conflicted to advise on this.
I live in a hot spot. Paid right at $200K in 2000. Comps are selling for $625k and up. Nice gain on paper, but if I sell, then I would have to spend that kind of stupid high price somewhere else.
Pulled $$ out of my IRA and made some upgrades to the house and plan to stay in it for another 15 years at least.
Take that Dave Ramsey
Interest rates are going up, so technically, you already missed the best time to buy if you need to finance.
However, if demand drops a lot due to those interest rates, then the time to buy is to.... wait.... for the prices to correct, particularly if you can buy with cash.
Right now does not seem like the right time to buy, to me.
“Catch a falling knife” cones to mind.
WTF are you talking about? Housing is slowing dramatically.
The problem right now is supply is down. People with houses and relatively cheap mortgage payments are hunkering down so they aren’t selling. Today, if you are looking to sell you are going to pay a high price to find a place to live. Even someone like myself looking to downsize is finding it hard here in Florida.
New construction is down because of inflation in the cost of materials .
If I were in Congress, I would counter the Democrat college loan foregivness scam with tax deductibility for the first $2000 of monthly rent.
Now is the best time to SELL that we will see for several years in my opinion. We just listed our house today, hoping to get our equity before the market goes tango uniform like 2008.
Not such a great time to BUY a house, but interest rates will continue to go higher for the foreseeable future.
Our plan is to rent until the smoke clears and downsize to a rural one-story with land.
In 2005, I worked with a former producer of Dave’s. She said he was a nightmare.
Where I live (Arizona) there is a total disconnect between house prices and wages. When that happens, the house prices ALWAYS come down. Eventually. But it can take a few years.
Enjoy!
You might want to get off the racial horse. A high level employee having a sexual relationship with someone in a subordinate position is a fire-able offense at many companies. It has nothing to do with his skin color. The guy was likely to be Ramsey’s successor.
How about providing some details and links instead of just bad mouthing him and sending people off to do your work for you?
You make the claim/ slander someone, you support it.
Yeah, prices in in the areas of AZ where I’ve been looking have skyrocketed about 40% in two years. I’m going to wait it out.
That’s true but when the market changes the drop is is catastrophic like 2008 and a bunch of people will be stuck with overpriced homes or default and get foreclosed on
yep
“if I sell, then I would have to spend that kind of stupid high price somewhere else”
The only way I can see to offset that is to downsize from your current property.
Only way I’d do that is if I intended on downsizing anyway.
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