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 ...
Awful Advice ..
Shilling for his sponsors .
Never trust him again .
Ramsey promoted that Time Share Exit Team that say they will get you out of your timeshare. I paid them $4500 and they did NOTHING. I ended up negotiating with the timeshare myself and TSET didn’t give my money back like they said they would. They told me to stop paying the yearly maintenance fee and I stupidly did that and after 7 or 8 years I owed $17,000!
I negotiated that down to $2,000 myself. Dave Ramsey is a fraud.
Wrong! When the defaults start, the banks are going to be unloading a ton of houses.
He talks out of both sides of his butt. He also says that now is the best time to sell because in 6 months you will not get a good price. So which is it?
That was good advice
My cousin emailed me a little over a week ago: predictions are that housing will decrease 20-40% so don’t be in a hurry to buy a house yet.
She does not have any sponsor pushing her to say buy buy buy so I am hoping she is right!
Watch later.
Interest rates may well be pushing 7% by then.
When rates were 3% the monthly principle and interest payment on a $300,000, 30 year loan was $1,264.81. Today at 5.5% it is $1,703.37. At 7% it will be $1,995.91.
The lower price may well be offset by a higher payment.
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