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The Best Way To Buy A House - Dave Ramsey Rant

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I want to buy a new house
Comment from : @EricMeatlikeaking

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 : @lennoxmutterick6434

We bought a house in 2020 Got into too much debt to fix it Selling our house now next month We luckily are making SOME money from it We are moving in with family and saving and paying off our debt Idk if that is the best move, but here we are We just want to be so ready for the next house
Comment from : @brittneymusic

Went from 3-11 😂😂
Comment from : @joshero2862

You can buy nice double wides for around $150K in TN My folks lived this way when I was growing up I am probably gonna do that But instead of paying payments on it; which in my case like all loan bankers would deny me a loan the minute they looked at me So I just gonna save up a little every till I can just up to the realtor agent who sells the house and I will just hand them a check for the full amount of the house No need to worry about mortgages and payments, just the utilities, land tax, and house insurance payments
Comment from : @CordellFrisbie

Never hire a real estate agent they are the biggest groups crooks people around makes more money doing it yourself is to easy process You can go online and sell your home buy owner
Comment from : @jakejohnson7714

They're called mortgages because they are life debts It comes from latin & French meaning dead pledge lol
Comment from : @tonygoodwinjr9293

This guy tells you not to use debt to invest but tells you to get a mortgage to buy a house 😅
Comment from : @DAMON409

Dave, your advice is far too conservative If people strictly follow your rules—like keeping house payments under 25 of their take-home pay or only taking out 15-year fixed-rate loans—most of them will never be able to buy a house It almost seems like your goal is to discourage people from buying homes, though I can’t understand why
Comment from : @masihtukhi6356

People like my mother used to say "money slips through my fingers" brbrI'll never how gen X can balance such optimism while seeking ultimate peril and subjective agony radiating 100ft outwards in all directions
Comment from : @JoshuaDarius-bm7nc

What to know and heads up when the city buys over my property? Should I wait till that day, or should I wait until that day comes? What are the pros and cons Do I lose value or profit?
Comment from : @judysong8508

Respectfully, yes, everyone should buy a house A one bedroom apartment cost what a mortgage on a 250,000 house
Comment from : @samuelhirosky4797

He just snapped 😂😂😂😂❤
Comment from : @shariagreen6864

bro please learn more on common assets and the reality that paying money towards an asset is more lucrative and creates more equity than paying rent I would rather be broke and own a 6 figure home than be broke and be a slave to a tenant who makes full profit off my rent
Comment from : @KathyK-f9d

Wow future me yeah interést sucks right now
Comment from : @GeolovesGoodvibe

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9 and 9 to 10 were typical People will have to accept the possibility that we won't ever return to 3 If sellers must sell, home prices will have to decline, and lower evaluations will follow Pretty sure I'm not alone in my chain of thoughts
Comment from : @KennedyVerbruggen

Tried using the mortgage calculator and I can't work it First, I have more than 20 for the down for my budget
Comment from : @McGregorGirl

If everybody listened to Dave, the number of homebuyers would evaporate and home prices would have to go down in order for honors to sell
Comment from : @KillroyX99

This guy is a public speaker Why doesn't he even bother just a tiny bit to actually enunciate his words? It's like listening to a mumble rapper sometimes
Comment from : @michaelgarzon6945

In my area based of his 15 year mortgage without interest it would cost me 28k a month
Comment from : @prestongarvey2285

Great upload 👍🏼
Comment from : @zabrinatheteacher

The best way to buy a house is with cash and pay it in full to aviod interest 😊
Comment from : @tiffanyhwang1738

I know one thing for sure, starting early is the best way of getting ahead to build wealth, investing remains a priority The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works
Comment from : @Rachelp4u

Dave, redo this video It has aged like milk It made me laugh when you started talking about rates lol
Comment from : @martinbowen4951

I baught a 19 million dollar house on 3 interest I had the the cash and put it in bitcoin and the rest is history I’m a multi millionaire now thanks to my great move
Comment from : @ShmuelPerlman

I just got born and am wanting to buy a house for $545,000
Comment from : @MasonPerkins-h6s

“Why would you work on your house by yourself” this guy has never lifted a tool in his life
Comment from : @kingcarlos4348

Buy Bitcoin and wait 10 years since btc is the best savings account!!
Comment from : @Familyadoptionjourney

"you won't work on your car by yourself, why would you work on your house" is a nice way of saying I pay for that If you can do something yourself you should These kinds of skills are invaluable and as you learn will turn emergencies into inconveniences
Comment from : @seaworthytdog

This advice was good when it came out Now that market has changed I disagree brbrIf your state has a homestead exemption of $250K or so, it’s now better to get a mortgage 717 for 30 years rn but your can refinance…brbrBut in the spirit of Mr Ramsey I recommend high down payment (as high as possible) and to try to pay off early without jeopardizing emergency expenses
Comment from : @TeamAwesomese

As soon as he said everyone hates me for saying not buying a house I stayed I almost clicked off 😂😂
Comment from : @amiamoore9280

His 20 dp is BS!!
Comment from : @CBApp-un1dq

Hey Dave I saw your video saying that "don't take debt"brbrHow do you propose someone starting their career should buy a house if you don't want the debt?
Comment from : @mustafabhadsorawala9608

Collective consciousness in human behavior is like trying to save a millions sheep infected with MadCow disease from jumping into the Grand Canyon
Comment from : @AwakenedVibration

This sure don't apply now
Comment from : @shaynaonthego364

Before I bought my current house I had two different deals fall apart Omg were my realtors cry babies and bullies Incredibly rude Even a finance company chimed in They are not a special group They are money hungry bullies
Comment from : @whiteowl8703

How long does this process take if you are just starting from scratch?
Comment from : @1MissMandyB

This guy is a mean jackass
Comment from : @ballsy7696

Watching this in 2024 is crazy to ponder about, especially when he says, “ these wonderfully low interest rates So if you can’t afford to buy now, you won’t be able to afford to buy, ever”
Comment from : @nathankurz

Thank you, I just subbed This info is so useful
Comment from : @ends7968

I live in a HCOL market: if I want to pay less than a quarter of my take home ($1675), I’m going to have to move into what the ghetto considers to be the rough part of town 😂
Comment from : @josephsharp9939

Cash
Comment from : @rammohan1991

Starting off the video that way just sucks Nobody clicked for your yapping
Comment from : @mrcuris556

No longer realistic advice unfortunately
Comment from : @bootchumbley1766

This dude is so out of touch A decent house in any metropolitan area is at least $400k 20 means $80k cash The average US salary is almost half of that
Comment from : @GuitarGuy650

save up for down pymt, make sure you can afford total pymts plus expenses, huh, just like good ol days
Comment from : @felixpeterman9303

We're currently looking just to see what the market is doing as we get ready maybe Spring 2025 so we can save and maybe even sell our current home, which is paid for its just 160 miles each way to work brbrOne thing to consider a young man whom works around me just bought a home for around 200k hes also 90 miles from work driving thru major city traffic each way figure he gets 15mpg in his crew cab 4x4 truck works 6 days a week that works out to 4k miles a month brbror about $1k extra a month in fuel not to mention the time lost while in traffic
Comment from : @jamesbyrd9514

No more than a 4th of your take home income with 15 year mortgage Does he think everyone is a millionnaire? The average mortgage is 2k a month
Comment from : @celticfans1

Broker makes you broke lol
Comment from : @azada514

Your rules don't really work for people living in places like CA A 15-year mortgage and 1/4 of your take home pay Good luck, it doesn't exist
Comment from : @jimh581

I bet all the people who listened to 4:45 and took that advice are now disappointed Fixing your mortgage for 30 years at 15-23 interest rates, you’ll never get a deal like that anymore 🙄
Comment from : @Steph1

Agree and thank you for your videos 👍
Comment from : @RideAsil

Out dated information
Comment from : @bruce7244

If you could afford the 15 year mortgage, it would be smart to take the 30 year mortgage You can always pay more per month Plus if you lose your job, you can go down to the lower payment (that’s not an option if you commit to the 15 years)
Comment from : @kashfortheking

Who can afford that
Comment from : @molos3466

Borrowing is good for him and bad for you
Comment from : @dekonfrost7

Being dirt poor my poorly educated mother told me to buy a house "Buy what you can afford, as long as it belongs to you"brAt age 21, my first old house a one bedroom cost $2,400 cash in 1971brAt age 25, my second old house a two bedroom fixer up cost $6,000 1/2 down and payments (First house rented)brAt age 27, my third old house cost $12,000 payments ( Two houses rented)brDivorce ended my housing ventures with my ex wife getting the last house brWith prices skyrocketing if you wait to afford, you will be renting and losing equity those yearsbrMy advice: Buy low and sell high like in the Stock Market brIn the 🤑🤑🤑🤑🤑🤑🤑, happy
Comment from : @richardgomez5008

A $200K home 😂
Comment from : @adamvision

What is the reasoning behind the 15 year
Comment from : @DrDoom-zs9be

i think this video needs to be updated for the current housing market LOL
Comment from : @PrimitiveAK

I started stacking to SAVE wealth I've always been the type of person to spend my entire paycheck I hate having money just sit in the bank I am under pressure to grow my reserve of $950k before I turn 60, I would appreciate any advice on potential investments
Comment from : @OttoLane-j9z

What do you mean by “the payment”? I have property taxes and insurance escrowed in to my mortgage So when you say “no more than a 4th of your take-home pay” are you talking about the full mortgage payment with everything escrowed in, or just the mortgage itself without those other things?
Comment from : @NathanH83

I feel kinda dumb Everything he said went over my head
Comment from : @Ampwich

an Australian loan term is 30 years with 6 interest rate, repayments are 60 of your income with a 20 down payment, average house price is 1 million
Comment from : @rwaterssydney

Selling houses isn’t real sales
Comment from : @guillermomadrigal4683

The ego is one hell of a drug 😵‍💫
Comment from : @learenng1267

You can work on your car bu yourself😂😂
Comment from : @nikolaig1

Facts: only 8 of all morgages are 15 years 30 year year are 80 of all morggages It lowers your payments monthly I dont CAre if its more in theong run ❤❤
Comment from : @nikolaig1

Buying a house from an 18 year old sounds pretty legendary
Comment from : @jameswatson8122

Hope that Sharon missed this one! "I've had two great loves this show and Real Estate" 🤣 You're GREAT Dave!
Comment from : @laz7354

😀
Comment from : @mikeh6538

I just bought my first home thanks to everything I learned about saving and budgeting from you Dave, thank you!
Comment from : @nrg1123

Is it better to buy land first before building a home?
Comment from : @riellegomez2838

I don't like losing down payment money to rent every month, that's why I have been on the buy a house bandwagon I don't own a house though
Comment from : @anthonycopter1068

Realtors are of the devil 👿
Comment from : @jvolstad

Useful info - thank you!
Comment from : @NaturalAlternatives_RSJS

I think I just became a minimalist Bye bye house buying!
Comment from : @5tephenmb

3:37
Comment from : @juanantoniolopez9224

Hello Guys, I am 23 years old and live in the Northern Central Valley of California and am currently making 120k per year I am not married and do not have kids I want to buy a house and hopefully more than just one I am scared that i can’t afford to buy a house but I’ve also heard that I can I’m looking for advice on what to do and how much I need to buy a house
Comment from : @Hitlersburneraccount

The flip side to low interest rates on mortgages is higher overall home prices With high interest rates on mortgages the principle is much lower
Comment from : @user-tz5uq2bt1s

"you don't work on your $20k car by yourself" Wow Dave is the first boomer I've heard say this most boomers complain younger generations are to lazy or lack the knowledge to fix their own cars anymore
Comment from : @reesercliff

Dave, I feel a bit cringey bad when you make fun of your first customers when you were an 18 year old real estate agent I don't know why you make them out to be chumps for trusting you and making you your first commission Do you mock them because you took them for a ride?
Comment from : @ellasoes8325