Is It Worth Waiting To Pay Cash For A House?

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Title	:	Is It Worth Waiting To Pay Cash For A House?
Lasting	:	6.46
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Buying it earlier gets you a much better price too Saving up for a downpayment while the market is going up is like chasing a train to board
Comment from : Shaun McInnis

I bought a condo for $52000 in 2021 in cash and its now worth $130,000, cash is always king, you have some maintenance but you have an asset which always goes up with inflation
Comment from : Fernando Pestana

He should buy the house now, so instead of wasting 100 monthly payment in rent, some of it is being wasted in interest and the rest is going back into equity for his home And the money he's saving on the side when renting he can use that as mortgage overpayment as and when he chooses
Comment from : Sheraz Iqbal

He would have to pay rent for six years and the price of the house he wants to buy could go up at least a couple of hundred thousand dollars I would come up with 25 and pay the rest as fast as I can
Comment from : mario chavez

Ramsey doesn't borrow money because he doesn't have to Reports suggest Ramsey makes $30million/year from his books and investments Even if this was wrong by a wide margin, he still makes much much more than the average consumer No reason he doesn't borrow
Comment from : Eric R

I was adamant that we pay cash for a house but in 2020 my wife felt like we needed to buy (even though we didn’t have all the cash) Glad I had the flexibility to budge on that point— we got into a house we love in a perfect location at a decent price Had it paid off in 18 months Life is totally different without debt Feeling blessed
Comment from : noisehonk

If you can, yes The proper question is: "why would I want to pay interest?"brbrOtherwise, a loan is fine, so long as you don't overbuy, get a good rate and manage your financesbrbrNot to mention, that just because a mortgage can be cheaper than rent, that doesn't mean you should buy a house All upgrades and repairs are on you and none of that should be financed
Comment from : Bill Melater

Bro you make 260k and can’t figure out what to do? 260k worth of intelligence seems like it would be able to research and figure it out himself 😂
Comment from : 9686

Ohhhh Dave I’m in such a conundrum…I’m debt free and make 300k a year and I don’t know if I should buy a 800k house in cash or just put down a measly 400k
Comment from : Justin Lawson

When Dave says the payment should be no more than 1/4 of your take home amount does he include property tax? I know that's included in most mortgages but you continue to pay that when the mortgage is paid
Comment from : R Rodriguez

Do long fingernails distract you?
Comment from : Tom Watson

He would have to put down more than 20 or his mortgage would be more than 25 of his take home
Comment from : Nobody

When I moved to the area where I am now 12 years ago, I had the option of either buying a less fancy house and pay cash for it or a more fancy house and have a mortgage on it I chose the first and I am so glad for it — no rent, no mortgage payments, low taxes, low maintenance costs, and no HOA fees If you don’t have the huge house payments, you can probably live on a minimum wage job if a worse comes to worse type situation comes up You shouldn’t be too afraid to be called "different"
Comment from : vernon cooke

115k student loan payoff is immersive
Comment from : L_J

live in a cave
Comment from : VanessLife Tag Force Special! ♥

It is certainly a great feeling, I can vouch for that Until the property tax bill hits, and you realize you will never truly own it
Comment from : Mark Burnham

Still paying property taxes and insurance on it but a house is the way to go it's freedom
Comment from : Iron John

I know exactly what happened to Dave he got his enormous ego crushed when he was 28 and now is afraid to death of banks
Comment from : War

I paid cash for my house brBut it’s 400sq ft And $23k brIn the middle of nowhere brSo blessed
Comment from : Him Bike

in 6yrs tht 800k house is going to cost 12mill+, he shouldnt wait that long
Comment from : Chieffg

Aren't you in debt while renting, each year you sign a lease promising to pay each month for a year?
Comment from : Linds

Wouldn't it make more sense to put up a large down payment and get a really short or low monthly payment mortgage?
Comment from : Hammer Fist

I would never wait to buy a house in cash As you’re saving you could be paying or over paying your mortgage instead of paying rent which is just throwing money down the drain Your income may go up but watching this in the UK, not US, house prices would be unaffordable six years later My house in London increased in value by $300k in six years meaning had I waited to buy it in cash, I would now not be able to afford it
Comment from : Rob Walker

Give the kids stability now they thrive on stability
Comment from : SharonHere

Its real easy to "not ever borrow money" when your business has cash flow of $100k a month Ramsey LOL
Comment from : TheRusschannel

What a problem
Comment from : Mátyás Fegyver

I paid cash for a house at 28 years old 100 debt free and feels great I'm now saving up to pay cash for a rental house
Comment from : Fire Ant

For anyone who is wondering, nurse anesthetist, also know as a CRNA They are nurses who specialize in Anesthesia They make about anywhere from 200-275K and sometimes even more Currently trying to find one on tinder LOL
Comment from : F Y

We purchased our first Commercial Building,150k, paid cash Its currently insured for 16 Million No mortgage, Resturant downstairs, best decision I have ever made Financially
Comment from : Choice Italiano

This is such a bizarre question backed by zero common sense… but I guess I want my anesthetist to be extremely myopic, hyper-focused on risk, extremely careful, and obsessed with not making a mistake
Comment from : Adam Seidel

NO
Comment from : Georgealex19

I was an Accountant before retiring and found that the people enjoying life the most have their Home paid for before retiring Nuff Said!!!!
Comment from : Wes Chancellor

"Way weird" What about someone who bought their first house with cash? If I can't buy with cash, I can't afford it
Comment from : phil marsh

I would never pay full for a house That difference can be invested for a better return
Comment from : New York City

Opportunity cost of waiting vs enjoying the house at a better price
Comment from : RxTaker

Avoid debt for peace of mind and financial security brHome is an exception to the cash only rule
Comment from : H S

i would buy it and get that equity building asap
Comment from : Liv Poxleitner

Invest that cash over 30 years and it will go up 500+ if ramsey is correct on getting 10 returns invested in mutual funds
Comment from : Big Red

Started listening to Dave Ramsey in 2015 and just purchased my home 🏡 in CASH in November 2022
Comment from : AvecPoésie

"Payment" means nothing TAXES INSURANCE Look back in a few years and property taxes and insurance will make your mortgage look like chump changebrbr$300 million Insurance and taxes (and maintenance), $30 million/yr Do you really ever own it?
Comment from : Scott Edson

It’s just crazy because that’s the exact opposite every other investor teaches
Comment from : jack litz

Patrick Bet-David Valuetainment channel
Comment from : Conrad V

What did he say he did for a living? i couldn't understand sounded like Nurse something something?
Comment from : EvansWS6

5:58 In this segment, Dave seems to keep interrupting Jade and not letting her speak
Comment from : Bollywood Media

Was the lady not listening when he said his and his wife's age the first time haha 😂😂
Comment from : Tim Lane

He makes the full 260k? Or you think the wife makes 60-80k he brings 180-200k?
Comment from : kbrizy

I really don't agree with Dave on alot of things but buying everything in cash I agree
Comment from : Adam Chavez

150k of student loans and you get a tap on the shoulders? America is a wild place 😜
Comment from : Last_Samurai

This is a good show for people in debt, not people who have no debt
Comment from : Rikki Tiki

We moved several times before junior high and they were all rough
Comment from : Olivia Fox

There is a reason hollywood is so enamored with action movies where the protagonist pays large sums of money in large black briefcases--it is the ultimate flex
Comment from : Ike Acha

Dave handled debt terribly and he assumes everyone will do the same
Comment from : Thomas K

when Dave says it's the fastest way to wealth, it is almost always not the fastest way often it is the slowest way and it lines the pockets of landlords toobrbrbrunless houses are way underpriced, like 2012, they won't appreciate enoughbrbrput the minimum down and the balance into some investment making more than the mortgage interest rate plus or minus and feesbrbrshould you put 400k on the house or 20k and 380k in an index fundbrbrmath is rather easy
Comment from : HVABALL

Pay cash Get rid of one landlord
Comment from : Ted Farabee

I think the main issue that may have been missed is that without at least 47 down, at current interest rates, he can’t buy the home if he takes out a 15 year at 25 take home pay using back of the napkin math I think he got the 50 number because that would be what it takes to make the numbers work
Comment from : Man vs Lag

Dave’s looking a bit tan Good vacation in the tropics sir?
Comment from : Stuart Arbury

She really doesn't listen Look back at all the previous videos
Comment from : Wyatt Earp

I didn't catch what he does for a living
Comment from : Coco Puff

Pay cash I did it, you save the interest, you save the cost of the mortgage, and it's amazing to be free on your own house
Comment from : Lief Layer

✝️🙏
Comment from : Luke Harris

But wouldn’t the money you’re spending on rent in addition to what you’re saving go to pay the house off faster?
Comment from : Christina Donat

No
Comment from : RitterEngine128

It's better to pay your own mortgage than your landlords if it's about the same amount
Comment from : jcrowley1985

i bought two houses cash, but it took me thirty years to do it Trust me it was worth the wait I don't owe a dime to anyone I will never take out debt, ever
Comment from : Southern Life

The family prospers in a house Get that house asap!
Comment from : lrlforfun

Surely its better to buy an Appreciating asset, stop paying rent and rapidly pay off a mortgage that you can easily afford, give your family security of not having a landlord who might look to sell within those years
Comment from : Laurence Snashall

Depends on risk tolerance Having a mortgage and invest whats left is mathematically better long term
Comment from : Winters

She doesn't listen
Comment from : John Darmstadt

20 is more than enough Invest the rest!
Comment from : Al Gonzalez

Did he say he was a nurse ?
Comment from : Hector Reyes

You can also take the money you're paying in rent and put that at a house payment
Comment from : G-Rat Stickler

I think he should buy the house now because it is nice to establish your children in a family home and school district
Comment from : De Bee2020

I’ve been listening the program for a few years and that help me to not loose my focus and keep saving to b able to get a 15 year loan and avoid pmi
Comment from : victor santos

Clearly have a solid grip on their spending in relation to their income Congrats!
Comment from : Doug Holdem

If jade could stop talking over Dave that would be great 😂 we don’t need a “right”…”mhm”…”yup” every five seconds as Dave is talking lol
Comment from : Skywakka

He might be missing 401 k contribution and other financial opportunities like back door roth by just saving for house
Comment from : Anuj Gupta

20 is what you want because that is the minimum that you don't have to pay the loan insurance
Comment from : bob sacamano

Is this a trick question? 😳 The answer to anyone with half sense is YES!!!
Comment from : JCtheComicGeek

I tuned out after the guy said he makes $250k+ a year at 32 That puts him in the top 10 of ALL income earners in the US at 32 years old
Comment from : JomerTB

I will buy my house outright with cash I'm just going to wait until prices come down
Comment from : bob sacamano

Dude is killing it I'm "only" making $130k at 37
Comment from : JomerTB

Yes
Comment from : Eric Thach

He has a good income coming in, he should just buy a house Making 200k plus he would be fine Paying rent is money you throwing away
Comment from : Will Tacoma 2nd Gen

No way I’ll ever earn enough to pay cash on a house Unless I save until I’m 80 😅
Comment from : Sky Robin

I think they buy with say 25 down they can pay it off even quicker than 5-6 years While saving they are also paying rentnatter purchase both the amount there saving and what is being paid for rent will go to paying off the mortgage
Comment from : Mike Shaw

Every ramsey video gets thumbs down
Comment from : Jason Morgan

We just sent in our check to pay off our little house! Praise be unto God!!!! Thank you Jesus! You can do it too, one step at a time! Believe and Work on IT!
Comment from : TrueJoy Journey with Amanda

Everyone should pay cash for their house
Comment from : JJBD BD

Baller
Comment from : Random

they didn't account for the house they want to buy is most likely going to appreciate I'd put that 20 down, and buy now and pay that sucker off ASAP He's in a great place for sure
Comment from : kathe garden

You can pay cash for a house How much house are you willing to pay cash for
Comment from : Valerie Osborne

Paid cash for my house before my 40th birthday that was always my goal It just hits different to come home to a paid off house or to wake up on the first and not pay rent
Comment from : Nikki Sweets