Is Paying Cash For A House Actually Possible?

Video quality	The size	Download

Information Is Paying Cash For A House Actually Possible?

Title	:	Is Paying Cash For A House Actually Possible?
Lasting	:	6.18
Date of publication	:
Views	:	178 rb

I hope she bought that house, because the price doubled since this phone call
Comment from : Steven Lowe

Yup
Comment from : JAI HD

No
Comment from : Ivan Vargas

yesss I want nothing to do with a bank either!!! great reminder to continue on my path to saving for my first home
Comment from : Betty V

I’m surprised Dave didn’t mention taking some savings to invest in a no load fund to take some risk to maybe get the five years down to four or three
Comment from : Nicholas Martinez

An average person saving up to pay cash for a house is ridiculous
Comment from : vvitofrank

Put 200k in index funds and take out a loan w a loan interest rate
Comment from : Billy Bendir

Don’t borrow money got it 💯
Comment from : dabz N slugg

$250K is a 10 down payment in my area
Comment from : Jim Klemens

Is paying cash for a house possible? In almost all cases, no
Comment from : Jay Edney

Paid off home plus a paid for rental at 34 years old It can be done! And don't let anyone tell you different
Comment from : Brian Savage

One of the best videos of DR
Comment from : Jaime A Bedoya

I have about 100k equity in my house should I put a new roof on it and sell it for the 100 k in equity and move down south and pay cash for a home??? I’m In Massachusetts I would work less but still work part time somewhere Be home with the kids more?
Comment from : Carlos Tosado

"Their buildings are huge and your houses are small" I'm using this
Comment from : Anton Bonin

Yes but dont throw the money in a savings account, put it in a safe investment that grows, like index funds or bonds
Comment from : NCZIOOX

$1million house average Sydney, how do I even?
Comment from : Deen Asfour

Ashley is a good listener
Comment from : Luis Asterio Querubin

I paid cash for a condo Sold it for half what I bought it for Will never make the mistake of paying cash ever again Paying cash for anything is STUPID!
Comment from : MikeTheYungGod

Hey I'm like Dave I bought a new TV and paid cash for it Woo Hoo!
Comment from : Randy

She sounds old for only 32 years old Sad
Comment from : Anon ymous

I agree with most of Daves principles but saving 200k for a house is unrealistic in a reasonable amount of time for anyone other than the millionaire giving the advice Save as much as you can min 20 get a 15 year and blast that thing to smitherines and gain equity in the process seems to be the reasonable option
Comment from : C Hodge

Inflation will halt this plan fast
Comment from : Thicc Bobby

Funny when Dave saysI don't borrow moneyyes with 30 million in the bank, I guess you wouldn't Lol
Comment from : pep

In my estimation its impossible Completely fantasy Plus u can always refinance your mortgage Once you're in the house u instantly pay less mortgage than u would in rent Rent is giving your money away Totally pointless & stupid Get out of that cycle asap! I'm getting a duplex via FHA loan ASAP
Comment from : G Wiz

There’s no other greater joy than having financial freedom and a life free of debts, all thanks to Mr Nicholas, cause he made me who I am today through forex trade He has helped me a lot with his trading strategies which helps me to earn $27,550 weekly I really appreciate it and can't help but let others know about it because it is so suitable anyone can trade from anywhere and anytime, you can reach Mr Nicholas on Instagram @nicholas__fxtrade or What's App :+1(518) 633-5966 for more info his indeed a God sent now i don't need to be working 9-5
Comment from : Elizabeth Moore

Why does he bring up Roth IRAQ all the time? Many of us are in mifdle class who live in Northeast suburbs and we make over the Roth minimums but have less disposable income that others in other parts of the country
Comment from : Robbie B

I will have a paid off home the day before, or two days after, my 30th birthday It depends when the property closes 8976 square foot plus a 20x30 work shop on 5 acre, in cash
Comment from : Surplus Division

I bought a new home for 316,900 and bought it cash Yes it is possible
Comment from : sinisterswiper

You are much better off with a mortgage Your rent money is just thrown in the trash Also, interest rates are so low also You can invest 15 and own, or you can rent Your net worth will skyrocket with the mortgage plan
Comment from : random kid

My parents bought 134k in cash making $725 an hour
Comment from : Hang Nguyen

Waiting longer in some markets are not going to work, Houston a home today at 200k in 7 years will be 320 K or more; Result you may be saving all your life and never buy a home
Comment from : Wood Austin

I had enough cash to buy a decent house in the UK when $spce share price was $40 5 days later thanks to coronavirus its tanked to $26! Gotta love stocks!
Comment from : Josh Roberts

Question for Dave : can I temporarily suspend baby steps 4 and 5 and focus on completely paying the rest of the mortgage? I am 44, have $150,000 in retirement accounts, make about $70,000 per year, have $56,700 left on the mortgage over 85 more years The wife stays at home with the three kiddos (no income from her) I could get that thing completely paid in two to three years I love the idea of being totally debt free to free that extra cash from the mortgage payments, although it would slightly affect saving for retirement and the kids' college funds Ideas?
Comment from : Ryan Kiel

Hey Dave, i noticed that it was said to not save for a house longer than 3 years, why is that? Thank you in advance
Comment from : Miller

I’ve got ILLEGAL friends and family that done it It’s possible
Comment from : Alonso Castellon

i say find a foreclosure or fixer upper for 50k and invest the other 120 to 150
Comment from : 404TRUCKER

I am not normally wistful but the dreamer in me does kinda wish I could have had enough $$$ to buy this house ( that I'm in ) when it was brand new But I didn't know it existed yet and the brand new price would have been frightening LOL it would have been 7 x's more than we paid for the first one I was also newly crippled from a bad car wreck and my husband's job was in flux Still I would have love to have had this beauty when it was first built I might be ready now for a downsize LOL by now We actually upsized a little or as we call it "right sized" It's a nice bigger family home and feels like a palace to me stilleven after three years of joy
Comment from : Mandy Simmons

Lol if your 100k in debt, buying a home should be the least of your worries
Comment from : LoneWolf25

If you’re rich like Dave Ramsey, it’s possible For someone making an average income, it’s not
Comment from : Rocky32189

Dave sounds traumatized
Comment from : universalask

Was the Ramsey Solutions headquarters build without debt? If so - 😮
Comment from : Fiscal Forward

Really missing a lot with opportunity cost
Comment from : Peter Janis

Yes but it’s soooooo dumb Wealth building is about increasing ratio of assets and debts Low interest loans help you work your other money harder
Comment from : Bryan_Witha_Whyy

Depends on where you live I would say more reasonable shoot for a home you can afford in a good area, put 20 down to avoid PMI and try to get a 15 year loan
Comment from : BA R

What about when a cheap old house costs 1/2 a million where I live?
Comment from : Christian Tuininga

Detroit has houses going for 10 to 40 grand 🤷🏽‍♂️🤘🏾!
Comment from : Carlito T

Dave, when are you going on Joe Rogan?
Comment from : Christopher Wilcox

Keep renting and blowing your money while you save up to buy a house in cash have fun with that! Keep paying the landlords mortgage + car note
Comment from : Whatta

200k is way to expensive for entry level house There are plenty of 3/1 houses under 150k
Comment from : Sang Kim

dont be saving that 200k into a checking account or even high yield savings accountbrjust put it into an the S & P 500 index fund and get on average 7 growthbr200k is a lot of money to be getting 7 on, and thats certainly better than 0-18 from a bank accountbryes obviously there is risk of it going down, but it being negative after 5 years is unlikely unless we have a total economic collapse, and obviously occasionally watch the stock market and pull out if its crashing hard like in 08
Comment from : BIG GOVERNMENT IS THE PROBLEM

It's very possible if you really want to work hard You just need to make more money by start doing business or get the second job So you can save more money and faster than bank interest rise That's what I am planning to
Comment from : Rosa Santana

I quit my job at McDonald’s and bought my single-wide trailer with my lottery winnings I’m just living the dream
Comment from : 1jw2

This is so cool I'm in Houston my gf & I (will be wife soon) are saving to buy a house cash in Houston Will take 3 years to save for a $230,000 home in Katy We are both 30years old This makes me feel good we aren't behind or are doing it slow
Comment from : SurveyingStudy

If your a millionaire maybe
Comment from : Oiler Guy

To get a livable house here in southern NH, I'd have to spend at least $250k, plus $7k a year in tax And I'm talking that's 2Br with less than an Acre Hard to even do the 15 year fixed 20 down as a single guy
Comment from : BrandonRides

i HAVE 200K i CAN PUT IT IN A MUTAL FUND MAKING 9 OR I CAN PAY OFF MY HOUSE SO i CAN SAVE ON THE 4 THERE DAVE RAMSEY WANTS ME TO PAY OFF MY HOUSE??????
Comment from : Nick Roberts

God bless you Dave!
Comment from : 00Noontide

If you want to pay twice for a house, get a 30 year mortgage Or just save and buy it once
Comment from : Bryan W

Ive seen normal guys in blue collar jobs pay $300,000+ cash for their houses Doable 100
Comment from : ApOcAIlyPsE

Dave: "That doesn't put your picture in the stupid column" haha love it
Comment from : Felipe Rivera

Yes, I paid cash for my house here in San Antonio
Comment from : jvolstad

Anyone who thinks they can buy a house with cash clearly doesn't live in Australia that's for sure 😂😂😂
Comment from : Shiiiiiiiiiiizzzzz

People in the comments are talking about $100k houses While here, small houses from the 50's are $500k+
Comment from : Jon Dong

Bankers, insurance giants, and the government are draining most your income Do the math
Comment from : Fitness Philosopher

Saving for a house in 3 years? Ha
Comment from : Mac

I'm curious though, when Dave says don't have a house payment (15yr) that's more than 25 of your take home pay is he talking about ALL of the house costs, such as taxes, insurance, HOA, plus the P&I? Or just P&I?? And 25 of income net income? Before or after health insurance and investments? We are so close to the line, but with all the small variables, I can't tell if we are over or under it lol
Comment from : B S

Man put me up here
Comment from : Tbe Dre

I don’t borrow money!!!! I felt that
Comment from : Tbe Dre

$750k for average house in my area No way to pay cash unless you make a lot of money 15 year fixed rate mortgage is doable
Comment from : Thomas Morrison

I guess saying, "we spoke to 01 of millionaires" just doesn't have the same ring to it
Comment from : Pan Pluto

not possible if you're living in the GTA (Greater Toronto Area) Standard "starter" homes are going for practically half a million or more depending on where you are Saving 20 down to avoid mortgage insurance is the more realistic route in the market i'm in
Comment from : alanna rouette

Fastest way to own a house is not be car poor So many driving extravagant vehicles hindering a house plan
Comment from : CG741 Graf

Dave Ramsey always says he never borrows money I guess he doesn't have to According Celebrity Networth Dave Ramsey has a networth of 200 million dollars Most of us do not have a networth of 200 million dollars so we have to borrow money sometimes
Comment from : Frank Syverson

Don't Pay Cash for your house! You're missing out on 7 years more of compound interest in your 401k and your house will produce a 5 times better ROI annually if you put down even 20
Comment from : The Out of State Investor

ANYONE paying cash for a property here in Toronto is beyond impressive The average condo is already upwards of 500,000 USD If you want a small full detached house, good luck finding one for under $11M USD Because properties around here increase so rapidly, it’s better that you borrow and slowly pay off as the property value increases
Comment from : Alex Moreno-Ip

In nyc, the avg house price is around $500-600,000tough to save that much cash
Comment from : AMP519

Come on with that no-debt gospel Dave!
Comment from : RichthePup

Yes it is possible Definitely!
Comment from : Dad & Baby

Dave might be the most traumatic person from debt
Comment from : Spooderman Ninja

Make sure your taxes are straight because IRS is going to RedFlag you Also mortgage lenders will dig deep on your taxes also I had the IRS come to my house to see where I got my cash it was a 2 year battle and I won
Comment from : Ruben Cruz

What about just buying land and building your house later?
Comment from : Krasimir Mirchev

Dave Ramsey never gives people cash to solve their problems :(
Comment from : Cdogvlog 55

Yes it is possible to pay cash for a house I have done it a few times already
Comment from : Jeff Dorris

It is possible I saved 80-90 of my income for 25-3 years I worked overtime all the time Thankfully my dad helped me out with 1/3 of the house price So it wasn't easy, but i made it :)
Comment from : Botond Varga

Move to the Houston suburbs!!
Comment from : Elena

If I make $50K a year DFW is $1200 rent average, if it will take me 15 years to buy a house cash why not just finance a house for the 15 years ? The normal price range is $130K -200K now
Comment from : Castro47_C10

All of this is bulshit advice You need to save for the 20+ down payment Build a good credit score Grab a super low fixed Interest rate (I mean you can even get 28 now why wait)? Keep saving to buy with cash, and the house prices will keep climbing; you'll never have enough! The trade up thing is super bulshit!! Whenever you move u lose!!!!! 6 to the realtor; closing costs, moving expenses and all the hustle not worth it Better to buy with a mortgage now, and pay off as fast as you can
Comment from : Jo Johns

I did the math on it over and over, and unless you rent a bedroom from someone for less than about $500/mo, in the long-term, the renting idea just doesn't make sensebrbrThe other reasons you may want to rent instead of getting a mortgage, even a 30-year one, is if you move a lot and/or are unable to take care of basic, simple maintenance on a home
Comment from : Paul Standaert

Average price for a detached house where I live is $779,000 And that’s considered cheap Average family income here $68,000 The job market here is abysmal and prices are still growing year over year Even moving to a very rural town hours away from even a moderate sized town still shows prices in the mid 500’s Don’t get me started with the job market This is what happens when interest rates are at record lows and banks lend money to anyone including their dog
Comment from : Jabsy

Nothing wrong with a mortgage, just pay it off fast, it took me 13 years to pay off my house, haven't had a house payment since 2006 This is esp important in a market with rising costs of realestate Started saving everything since and now I could pay cash for one 3 or 4 times more expensiveBut that would be stupid
Comment from : integr8er66