Title | : | The Best Way To Buy A House - Dave Ramsey Rant |
Lasting | : | 8.04 |
Date of publication | : | |
Views | : | 2,2 jt |
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Who can afford that Comment from : MOLOS |
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Borrowing is good for him and bad for you Comment from : dekonfrost7 |
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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 : Richard Gomez |
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A $200K home 😂 Comment from : Adam Kash |
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What is the reasoning behind the 15 year Comment from : Dr Doom |
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This is practically a joke these days I know the video is 5 years old but still Say you make 80k a year That is still considering a decent salary even by todays standards So let’s say you take home maybe 60k out of that So that’s 5k a month take home pay Now you’re only allowed to use 25 of that for a mortgage That’s $1,250 a month and he says to do a 15 year mortgage Where exactly can you buy a house for these numbers without worrying about living in a bad neighborhood? Comment from : Michael Barrett |
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i think this video needs to be updated for the current housing market LOL Comment from : PrimitiveAK |
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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 : Quinn Conor |
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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 |
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I feel kinda dumb Everything he said went over my head Comment from : Ampwich |
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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 : JBK O |
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Selling houses isn’t real sales Comment from : Guillermo Madrigal |
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15-yr and 1/3 of monthly salary; basically have to get a house that’s around $250k Now where everyone find property at that price in California, NY, West States?? Comment from : H2Omatters11 |
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The ego is one hell of a drug 😵💫 Comment from : Learenn G |
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You can work on your car bu yourself😂😂 Comment from : Nikolai G |
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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 : Nikolai G |
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Buying a house from an 18 year old sounds pretty legendary Comment from : James Watson |
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Hope that Sharon missed this one! "I've had two great loves this show and Real Estate" 🤣 You're GREAT Dave! Comment from : Laz |
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😀 Comment from : Mike H |
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I just bought my first home thanks to everything I learned about saving and budgeting from you Dave, thank you! Comment from : Nadia |
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Is it better to buy land first before building a home? Comment from : Axolotl g@ming |
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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 : Anthony Copter |
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Realtors are of the devil 👿 Comment from : jvolstad |
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Useful info - thank you! Comment from : Natural Alternatives - Rebel Scum Jack Styles |
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I think I just became a minimalist Bye bye house buying! Comment from : Stephen Bailin |
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Way way too cautious Sometimes you just have to take a chance to get anywhere in life and you can do this safely enough with proper planning Its called calculated risk Comment from : FinanzFerdinand |
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3:37 Comment from : Juan Antonio López |
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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 : Jose Giron |
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We bought a house on A 30 year mortgage and pay on it like its a15 year mortgage That way we can pay less if we have to for one month Comment from : Daniel |
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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 : o |
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"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 : Cliff Reeser |
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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 : Ella Soes |
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Do you include taxes and insurance as part of the mortgage or separate? I would assume included in the 25 Comment from : Matt Hunter |
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I hate his voice! Comment from : Miss Penelope Del Rosario |
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what u think about Kris Krohn? Comment from : Republic Videos |
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This didn't age well Comment from : flydye45 |
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I 100 ABSOLUTELY AGREE WITH DAVE! DO NOT BUY A HOME WHILE YOU'RE IN DEBT Comment from : Desire To Heal & Love |
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Idk how people can afford a 15 yr loan at a 6 interest rate especially because a dump these days in Massachusetts is 450k the payment isn’t even doable for a guy like me that makes 100k a yr Comment from : jason guimond |
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Great Comment from : CorteyDFi |
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'Mortgage' from mort (dead) and gage (grip/pledge) Comment from : Blues38 |
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Such valuable information Comment from : Julio Cruz |
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I am sure Dave at 18 had a batter judgement and common sense than my stupid realtor who turned out to be a crook (big time) Comment from : Elane Horhi |
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“Two great lives in my life what I do here and real estate” what about your wife 😂😂 jk lolol Comment from : Julianos |
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That is so true, it could be a blessing or coursed Comment from : Fernando Martinez |
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This video doesn’t apply to Tampa or to 2022 unfortunately Comment from : Armando C |
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Insurance agents - we put "glamour shots" on our business card ; ) Comment from : Carie Young |
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Great advice thanks Comment from : Gary Thorsell |
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The banksters are now buying all the houses Comment from : neuspeed79 |
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thank you Comment from : Gerrick McKinney |
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Two great loves in his life- his job and real estate hopefully, Sharon Ramsey wasn't listening :) In all seriousness, great Dave rant Comment from : Jesse Wilcox |
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here in the UK 25 year mortgage is standard Comment from : fraser123 |
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He says dont do a 30 year mortgagethat's some sh!ty advice there Comment from : brad gingrich |
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If I cant afford to buy a home on 15 year mortgage is it best to just rent forever and invest more? (currently investing 20 but wouldnt do that if I owned) Comment from : Ryan Neary |
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Buy it cash Comment from : uknowmysteez |
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So basically I need to move out of America Comment from : Foreign Warren |
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Get to the point lol Comment from : Green Hills Custom Lawn Care LLC |
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🇬🇧 s mortgage was 25yrs great 👍 naaaaaa now its 35yrs mortgage to get a 325k shed yeah I'm near Windsor but look at your wood houses you have 325k probably worth 700k makes me puke Comment from : Andrew Thomas |
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Tell me if this is is good idea Should I buy a house if: I have NO debt, I have a fixed income & plan on continue working (as supplemental), have the 20 down w/some savings left after that? It's new construction & is it a good idea to use their (the builder's)agent? thx! Comment from : Bella Rose |
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There is a difference between being broke and being in debt Comment from : Kendall Thompson |
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Regarding the statement made not to spend more than a 1/4 of your take home pay Is that referring to Mort only or Mort & taxes & Ins? Comment from : Tina Morgan |
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I can put down 20k on a 150k house Comment from : Gsxr& Society |
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Yea, PMI sucks We’re about to ReFi and get rid of it, but we pay around $300/mo for PMI ($455k purchase price) Ouch Comment from : Ryan I |
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When you say 1/4 of take home pay, does that include the property tax for the house and the mortgage? Comment from : el chappo |
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He will bring his three cousins broke desperate and stupid 😂 Comment from : Brigette Nuñez |
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Me, who works on my 20K car myself wondering if now I should be selling my 200K house myself too Comment from : 605BOLT |
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Dave your Good and Funny❤️❤️❤️❤️❤️❤️🙂🙃🙂🙃🙂🙃 Comment from : Louise Dost |
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Watching marathon of this topic non stop in order to get the gumption to call my real estate agent in the morning and say “change in plans” lol Comment from : Ariyal sirrah |
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Dave Ramsey is so full of himself is information is super basic and half of his dialogue is just him humble bragging about how accomplished he is Comment from : michael M |
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thank you!!! Comment from : Goddess |
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Home ownership isn't for everyone, like marriage Comment from : Daniel Snook |
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Your channel and advice are fantasticThanks for all you do! Comment from : Marketplacere |
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That math doesn't give me enough bedrooms lol too many kids problembr7000 monthly is only 1750 for 1/4 of that Can't get a 4bdrm home with a 15yr fixed rate for that Comment from : kingyak7 |
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Most of those home buying concerns wouldn't apply to a condo Wondering why Dave never talks about condo's? Comment from : Jeremy Jeremy |
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It’s crazy I take home 4000 a month and living in California there is no way I can buy a house at a 4th of my income This is after taxes Comment from : TheJoshheart90 |
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“I have had two great loves in my life: doing what I do here, and the real estate business” Wow No mention of the wife, the kids, your faith… Yikes 😬 Comment from : Drew Conway |
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he says a 15yr mortgage is the way to go but I've heard a 30yr mortgage is a better option? can someone tell me why Comment from : Dillon Tavares |
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Except you get broke renting right now Comment from : Jessica Bixler |
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What's wrong with a 30 year mortgage? Comment from : Richard Duryea |
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Two great loves Was your wife listening to that? 😂 Comment from : Elle Jagerman |
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This don’t work for everyone… 15yr mortgage 20 down … If u live in NYC that’s very hard to do … No houses around here is for 100k😂 Comment from : Buggu |
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Just buy a house with all this rent prices it’s the same deal now Comment from : LxTxSURGE |
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This guy is stupid talk lock structurejust completely disgusting ranting Comment from : entry level investment & Technology vlog |
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Sorry dumb question, why shouldn't i get a 30 year mortgage? Comment from : sorrygtfo |
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I took 3,5 years to buy my classic car Had the money, was willing to wait for the right deal and it showed itself out of the blue Two years of restauration done by myself, it's almost done Now, same cars in bad conditions are sold for double the value that I bought minebrFor the house, I will ask for 30 year mortgage and pay around 15 of my income I'll save money every month and make a down payment every year So, I have to disagree on the 15 year mortgage unless it's a couple Comment from : Pyotr Grusha |
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I enjoyed all the hard data on interest rates and time value of money I guess we get that from the people that pay to get people directed to them from his show Comment from : Chandler McBride |
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You know what Ramsey you should start your own Ramsey show I would really buy the first ticket 🎟 Comment from : Joseph Solis |
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A 15yr mortgage sounds fine until one spouse is out of work, or comes down with an illness You still have to pay the full mortgage payment With a 30yr you can still double up on payments At least you have that fallback If we had done the 15 we would be in that spot right now When the situation improves we can make the larger payments Saying because someone has a 30 they would never double up doesn't fit every person or couple Better to have that cushion than have a catastrophe and lose your house Comment from : Michael |
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I agree with Dave on a lot of things He's free advised that you get here is invaluable But I have to disagree with him about real estate agents: they are the dumbest individuals I have ever met And I have met probably about 40 to 50 of thembrMost of them are idiot housewives that have zero brain power Very few are smart and make a good living Most of them are absolute idiots that I wouldn't trust to get me a cup of coffee Comment from : Barry Goldwasser |
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"Children do what feels good, Adults devise a plan and follow it through " Best advice ever heard in my life Comment from : Mariã Mindful |
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So true now in 2021 Comment from : Brandon Hirst |
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I'm a handyman am I ready for a house? Comment from : Cristian leon |
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Thanks to bthomas davy/b on telegram, he saved me and my family from the hand of fraud I will forever to grateful Comment from : Matt Torn |
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Kudos to bthomas davy/b on telegram I can’t believe I can met such a nice and honest person on telegram he is a trustworthy man Comment from : John Cornel |
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Dave acts like everyone's situation is the same They aren't I don't have time to "do it right" My daughter just moved in to my rental with a premature baby, and that very same day, the landlord texts me and says she's selling the house There are ZERO rentals in my town 30 or less than my income The mortgage will be less than 30 of my income Dave can stick it Comment from : Heidi Kitchen |
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So approximately 15-20 down payment is ideal? 15 year fixed mortgage? What about taking into account property taxes? Comment from : Divyang Vaidya |
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How come you advise people to save up as much of a down payment as possible but you have an issue with people living at home for a few extra years to pay off debt? Comment from : Kathryn Tubridy Pakenham |
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