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Buying vs Renting A Home - Dave Ramsey Rant

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lol 2025 interest for houses at 7
Comment from : @drewanderson2768

when i was in my 20s I took dramsey's every word as truth, brbrnow, i beleive this guy is flawed in lot of waysbrbrHe is a fin influencer, not a financial advisorbrbrHe is right about term life insurancebrbrbut leaves out mutual funds have huge expense ratios index funds are safest way to build wealth without the fund taxing and feeing out your hard earned money every yearbrbri got a ramsey recommended tax pro and he overcharged and under deducted and underefunded my taxesbrbrI did go through xander insurance but they are incompetent with how their website works websitebrbrRenting is cheaper when you dont factor the 7 other taxes and costs associated with owning a homebrbrinstead of having a cost of 700653 $ after 30 years of home, renting at 800 $ would cost 275000 after 30 yearsbrbrsubtract those 2 numbers and you save a bunch money with renting
Comment from : @RuneEmpiresTech

I want to hear dave's opinion on post covid especialy with private equity buying up so many places
Comment from : @J43rv1

I don’t get it If the house payments are always slightly less than rent, this means it’s worth buying a house Even if I consider extra payments for a roof, fixing heating, air and broken hot water heaters it is still hundreds of thousands of dollars which I invest in my own house instead of throwing it out of the window for rentbrbrAm I wrong here?
Comment from : @OezgeSebisteri

You're proving yourself wrong the more you talk about it
Comment from : @XRP_NP

I get a feeling a lot of landlords want to promote renting 😂😂😂😂 when they own them selves Mmm
Comment from : @carolmaz8675

Bullshit balance Renters are paying more because they are being bought up by corporations and driving up prices Just like the beef industry buying up all the processing plants They mark the cost and drive that stuff up Walmart is the beginning of this shit Sucked up all the competitors and did what they wanted
Comment from : @Max-mb4rj

Bro is so out of touch
Comment from : @aliciaserrano9698

When Trump's Tarrif Taxes hit you won't be able to buy jackshit
Comment from : @MrJohnfoster70

Don't ever rent,buy a cheap house and fix it up and keep it forever
Comment from : @andrewgleason586

This didn't age well
Comment from : @dashb

My home is paid for Took 20 years to pay off Rent goes on forever
Comment from : @jerryryan5760

what you are talking about is a joke in Australia, buying payment is 40 at least more than rental
Comment from : @nabil5772

"Over time, rents are not going to be doubled" LOL how about 300 increase my guy!!
Comment from : @braden5280

This video aged like fine wine Interest rates have risen substantially since this video was made five years ago
Comment from : @17Mikal

Preach Dave!!
Comment from : @Whatislove8935

There are rent vs buy calculators all over the interwebs All attributes being equal, it usually is cheaper to rent until year 3 or 4 or 5
Comment from : @paliacho9

You’re older than six years old I’m 63 you look older than I do
Comment from : @jakejohnson7714

I bought a mobile home overlooking the river My payments Ronny $279 $10,000 down I only paid 40,000 and I’ve been working on it for the last four years now it’s a beautiful home Ramsey are full of it you don’t know what you’re talking about
Comment from : @jakejohnson7714

Standing ovation to David RAMSAY ❤❤❤❤
Comment from : @RonWallach

Haaa this is funny
Comment from : @jaysgone2020

ARM statement aged like fine wine
Comment from : @ryanklosterman9614

"PAY NO ATTENTION TO THE MAN BEHIND THE CURTAIN!!!"brbrThe Wizard of OZ (or Dave Ramsey)
Comment from : @ericmedrano77

That might be true in the US, but it's not the case here in Europe Renting is balways/b more expensive in the long run, and it ignores the most important point: with a loan, you eventually own the property, while renting leaves you with nothing After 20-30 years of renting, you don’t have a home and most likely you'll pay rent for the rest of your life because you can't afford to buy anything when you're in your 60s In my case, I’m making my final payments and will soon fully own a property that has doubled in value since I started paying for it If I had been renting instead, not only would I not own anything, but my rent would likely have doubled—or even tripled—over that time
Comment from : @gmailtammandre

I never had to pay for a new roof when I was renting Both have their advantages and disadvantages
Comment from : @Peepsuk1234

I'm so glad I didn't watch this in 2019 I bought my house in late 2019 before the economic blunder Fun fact, I was part time I also put next to nothing down on it Believe it or not, I went into it with nearly 33 equity She wanted it sold fast (friend of my mothers) brFast forward to now, I'm full time making more than triple what I did in 2019 My house will be paid off next year I've replaced a hot water heater, and some very small things That's all brbrI get what he's trying to teach here, I really do But one shoe size does NOT fit all 'You' have to measure your risks and financial plans He's gonna have a very general approach Which is pretty sound for the most part But let me tell you, I regret renting as long as I did The amount I spent on renting would just about pay off the principal My next house is gonna have one heck of a down payment! 😁 (might even be able to manage cash, not sure yet)
Comment from : @Handle_number_7

Well this didn’t age well ☠️
Comment from : @andyalien1

So, Just continue to rent so Dave can buy the houses and rent them out to us? Great advice, i guess
Comment from : @NIKIB09

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800 Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer
Comment from : @BrandonIvan-c6e

Buying a home is already a very difficult thing to do, unless you pay cash or don’t get a loan from the government If only my minimum monthly house payment, over the course of 30 years I’ll pay more than double what my home is worth I purchased before things got crazy so I got a good interest rate I couldn’t imagine trying to rent or buy right now
Comment from : @NicholasBall130

I've watched half a dozen of these videos now, and his tone seriously hurts his message He can say all the same things without insulting people and without being an *sshole Listening to this sh*t isn't working for me Not that he cares
Comment from : @VikingMan44

Is there an update to this for 2024 life?
Comment from : @1kamikaze2

My husband and I are 61 with no children We rent because we have no debt and like being able to put in a ticket when something breaks and it gets fixed within 24 hours
Comment from : @KathyHayes-rh6dt

Hit 200k today Thank you for all the knowledge and nuggets you had thrown my way over the last months Started with 14k in last month 2024
Comment from : @bushAndrew-e4v

It's late 2024 If you buy, you'd better be ready to stay in that property for at least 7 years - to break even after the bubble bursts next month
Comment from : @christophermaitland3260

Grants:-brbr* Disabledbr* Small and Large Businessesbr* Non-profit Organizationsbr* Home purchase br* Start up business br* Home repair br •Utility billsbr* Personal Assistancebr* Rent Assistancebr* Child's Carebrbr* Child’s Care: $60,600
Comment from : @williemccaskey7370

The problem for me right now is condo's are so overpriced and unlike houses they dont always hold their value most of the time The buildings can get outdated quicklybrPlus they can jack up HOA fees on a dime and you still have to pay taxes Its kind of sad owning a condo even when you own it outright and you are still paying around $1000 a month between taxes and HOA fees Its like whats the point?brPlus, you have to follow rules and could potentially have annoying or noisy neighbors like in an apartment complex
Comment from : @STONESGAM

New 1500 sf ranch in NC was $21,000 new in 1971 Sold for $250,000 in 2023 Even figuring double the price with interest and cost of taxes, three roofs, 3 air conditioning units, yard maintenance, new windows, gutters, fascias, appliances etc it still was a profit over time You don't net 230k though Closer to 100k
Comment from : @swlancaster1964

Usually Dave Ramsey‘s pretty on the spot, but you know what I say that you’re not on the spot this one in my mind what you do is go by property you just mentioned it and you go rent it out to regular people which I think should be 100 illegalhouses are not supposed to be making a profit off of it People are supposed to have a home to live in it to write the family in it not as a money maker since 2020 that’s all they’ve done you’re wrong on this one
Comment from : @theswampfisher3253

Actually, maybe that’s what we need to do We need the house market to crash you say we don’t you know what at least a 2008 when the house market crashed and dropped the house down to $60,000 people keep forgetting that and you know what you sit out here and say hey I own my home but you better rent screw that bullshit you’re not out here paying great cost people are making $30-$40,000 a year struggling to get by and you got 18 1920 year-old have to work two or three jobs just to survive on rent car payments and food having roommateI told you’re actually out here working your butt off for everything and oh nothing no screw that I wanna own something I’m 40 years old and I’m struggling right now because of my damn rent I make my house payment ways to buy cheaper houses than $200,000 house people keep looking at these regular houses go get your manufacturer go get an RV something you can actually
Comment from : @theswampfisher3253

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @Lourd-Bab

Stop buying up the properties and things would be better “I want you to own your house” even though I buy up houses to spike the prices so I make more money while you can’t outpace inflation As much as I love Dave, I am not a fan of big real estate investors Not bitter, I’m omw there but still not a fan of the investors
Comment from : @antonionutrition

This is dumb
Comment from : @vaughnhensley3551

Dude is talking you out to rent lmao 😅😅 nah man buying is always better than renting a house if you can afford it if you buy the home the money you put in is yours when you sell it but if you rent your money is going to the the property owner geez it’s a no brainer lmao
Comment from : @Randomvidyos

When I bought my home in 2009 with a payment $550/month Rent was about the same at the time If I hadn’t paid it off early my payment would still be $550/mo while rent is $1450/mo now Yes when you own a home you pay for repairs but you’ll pay for it with a rental too As a footnote a credit card is not evil, what’s evil is the stupidity of people and how they use it no matter what you say
Comment from : @RonL-y3v

THE RIGHT HOUSE MATTERSBIGGER MORE MAINTENANCE MORE TO CLEAN MORE TAXES MORE PROBLEMS
Comment from : @maverick6216

If you listened to this advice in 2019, you are paying 2-4 times as much for your home which means it will take you way longer to pay it off and you probably would have paid it off by now if you bought in 2019
Comment from : @mko2904

The shortage does not correct itself quickly 5 years from this video and it doesn't look like there will be a real change in supply for another decade
Comment from : @benlaine400

My hero
Comment from : @proselectgc3227

This becomes a lot clearer if you think about it in terms of cars I know that a car is a depreciating asset but nevertheless everyone understands that in the short term it is more expensive to buy a car than to rent one After a full month of renting a car, You start to see the problem with using that as a long-term solution
Comment from : @aliadeeb6859

When you own house you have control of what it looks like, what amenities you like, etc brA human being is LIVING in the house, not a robot
Comment from : @patrickleone4494

Long time buy is better, short time rent better
Comment from : @visittavee7773

Boise rent has not really dropped lol its went up lol
Comment from : @JeremySparks-sp9og

this is a bias opinion since Dave already have a home
Comment from : @Mark-qp1mj

3:55 I am confused, how can rent go down OR house value to go up House value and rent should move together up and down the curve?
Comment from : @selvoselvo1

I know this video is old but Im 20 years old and I just graduated with an Associates Degree in Automotive Technology I have a full time job at a Ford dealership and run a lawn maintenance gig on the side I have no student loan debt and have paid my credit card off fully every month and do not abuse it My goal in a year is for me and my childhood friend to rent out a farmhouse property with a shop on the property so we can store our trucks and work on them if needed But when I look up farmhouse renting on Google, there's a lot of forums full of landowners who preach setting stringent rules, overpriced rent, and often say they would rather burn the house down How am I supposed to separate from my parents and live on my own if buying a house in my position is next to impossible and renting a house is more like asking to put a knee on your neck? I work really hard and like I said have no debt does America just not want a future generation? This is ludicrous!
Comment from : @nashbraymen9564

In California the rent is so extremely high it's ridiculous
Comment from : @AlexisRuiz-z9j

Rather than relying on penny stocks, I wish to diversify my assets by investing in real estate and mutual funds and stocks of corporations with stable cash flows I have a high interest mortgage and I’m wondering if to pay to off or purchase more real estate and flip What should I do?
Comment from : @ChristopherAbelman

Renting only makes sense to a landlord like Dave Repairs, taxes , and profit for the landlord are figured into the rent When these items go up, so does your rent You do not get out of paying for them just becaue you rent brYou will be much better off getting a 30 uear fixed mortgage with a small down payment than you would be renting and trying to save a large down payment Every year you wait you will pay the appreciation on the house, 4on average The sooner you buy, the more appreciation you earn You can always pay the loan off early as long as you can afford to brWorried about PMI on a loan with a small down payment? Don't be On average PMI is 1 or the amount owed on a loan Appreciation is 4 on the value of the house Renting for a year is the equivalent of paying PMI for 6 years and missing out on appreciation
Comment from : @timlemmon2332

Ramsey constantly talks about a unicorn scenario 1/4 take home pay, 20 down payment, 15-year mortgage? That is unrealistic in 2024
Comment from : @ebrisu

Its worse here, our economy is like a flailing fish, fighting for its life The normal state of the US economy is actually very bad Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining
Comment from : @klunnikov

Bought a condo three years ago at 3 interest The exact same condo next door just went for $118,000 more at 8 brbrIf I had waited just three years that means about $1,000 more per month 12 grand a year Dave, how do people afford to wait?
Comment from : @Ryan125y

For sure exactly a lot of ppl taking out mortgages with no stability you need to have your shit together when you do that
Comment from : @alezandradavila2581

They make you broke that’s why they call it mortgage broker 😂😂😂😂😂
Comment from : @ludo_

I love hearing your perspective on this Dave, me and my husband get judged so much for not buying a house rather renting, there is a lot of peer pressure, I get a lot “your throwing money away”brbut now we have both of our cars paid off, No debt at all we are now just saving like crazy to have a big down payment once we do get our house, we do not want to jump into something that we cant afford and later down be stressed, working like crazy just to be barely making it The time will come when we can purchase a home 😊
Comment from : @AreliaaM

I'm in SoCal and rent is essentially half of mortgage payments No one can buy anymore
Comment from : @ljss6805

7:52 😂
Comment from : @quicksan

In my neighborhood rent is 2900 a month vs a 4600 payment cause of interest rates
Comment from : @biskit7

Unless you're in Vancouver
Comment from : @chek6303

Dave who?
Comment from : @timandcindyjacobson2953

People like is the boomer are the the reason why rent is so high and the cost of home ownership is unattainable to the incumbent generation
Comment from : @thycatalyst

Wow, this didnt age well… now tons of Millennials and Gen Z cant afford rent, let alone buy a house these daysbrbrWe were one of the ones who bought years before everything skyrocketed and have the ability to handle a crash and can afford our mortgagebrbrI know too many people making close to what we do and they cant afford a 2 bedroom apartment let alone apply for a mortgage right now Lots of families living in small places, moving back home with parents or renting with multiple families in one home…
Comment from : @Jaxmusicgal23

Horseshit
Comment from : @kvantaliani1992

Add another 50 of your mortgage payment in monthly maintenance and upkeep
Comment from : @charliesierra8315

The worst part of homebuying is that if it takes 30 years to pay off a mortgage the house basically costs twice as much as what's on the deed, so it's buying 2 , getting onebrDespite this, i hope i never have to rent again
Comment from : @bruceellenburg429

Just throwing it out there that most people who bought a home around this time now have a LOT of equity, vs if they chose to rent
Comment from : @healthypineapple2836

In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government This includes exploring opportunities in stocks, gold, silver, and digital currencies Despite the challenging economic situation, it remains a favorable time to consider these investments
Comment from : @RolandeKretzschmar5

"Big companies would have bought all those houses up and doubled their money"brYup, that's what happened and now a roach apartment in the ghetto is $2,000/month
Comment from : @therocinante3443

Im from the uk so the numbers will sound strange Bought my first house when earning 17k on my own I rented out spare rooms and saved Ive replaced a boiler fitted solar panels fixed up the whole house Never paid a cent of rent I don't think this guy is right here
Comment from : @philipjones3599

But seriously how can you make it when your not making 800 a week
Comment from : @Gypsymumma90

Thats whst pisses me off about how to make sense if you get an rv 200 something a month but the down payment is 32,000 how the hell can you afford it
Comment from : @Gypsymumma90

I need help with getting a house to rent
Comment from : @Gypsymumma90

How can you even rent when you only get 300 a week
Comment from : @Gypsymumma90

Why are they asking for something we can't even make incomewhat if your in a toxic place and have to move
Comment from : @Gypsymumma90

Oy not the adjustable rate mortgage Idk how anyone would think that's a good idea brAnd "DIscovered bondage and American distress" made me laugh
Comment from : @ramblingmillennial1560