I listen to Dave daily...and I also agree its sound advice.
The problem I would be facing if I was in the market for a home though....is the possibility of homes getting more and more expensive in line with my saving more and more money....making me basically on a savings treadmill for an ever increasing home price.
Even according to Dave Ramsey...he sees no dip in home prices, and that they will continue to gain in value with no end in sight.
With that in mind...jsut to buy a home that would comfortably fit my family...I might violate his advice with all this in mind.
I have only heard him a few times...and after years of actually looking at numbers and figuring things out myself, most of it seems like “Well, duh”. Not to disparage him, but many people need those simple obvious points thumped into their head repetitively.
He’s not trying to make investment wizzes. He seems to be trying to help people Forrest Gump their way into basic wealth accumulation.
The inflation ride in part runs counter to that, but that’s a second-tier problem. As it is, the difference between a 15-year mortgage and a 30-year mortgage isn’t very large compared to paying for whatever house you do buy an extra two times.
If you’ve set aside a solid rainy-day fund first, then the risk for being a bit closer to the edge in your payment income percentage is a lot smaller, and the offramp is a lot longer.