Can I Afford A $1,000,000 House?

[@lkj0822g]

A $1 million home in some parts of California is a two bedroom bungalow. I watch these home renovation / flip shows and it amazes me the prices of homes out there. Dave is on point with his response here.

[@gmarie3053]

If it was to buy a small mansion, it would be worth it. But for a townhouse in an expensive area of Cali, not worth it imo

[@tylerwilli]

Yes in Bellevue WA, I can’t even find a piece of land with a tree on it for $1 million :/

[@nicholasolivas317]

@@gmarie3053 depends where your job is located and your family.

[@lisabaltzer4190]

@Prey R I live right next to the Washington border in Idaho. Prices on the Idaho side are far higher than in Washington.

[@PN-ve9lf]

@@tylerwilli where in Bellevue, there are good homes with 1million.

[@MaiMai-gz1io]

Property taxes, insurance, heating, air conditioning, landscaping, etc. etc. is all proportional to the value of the house. So many people buy too much house.

[@cowgoesmoo9981]

Yep. Most people forget or don’t know that a 1 million dollar house is not a 1 million dollar house. Its more cost for regular expenses and more work, especially if it’s bigger.

[@15KHPCLUB]

@@cowgoesmoo9981 Home value and cost of ownership are two different things I've seen ridiculous homes that are "bargains" but they're extremely high maintenance And I've seen shacks in Key Largo that cost millions, yet are simple and cheap to upkeep

[@jayc4715]

tax trap... probably 2k a month in just taxes

[@chadj6380]

Exactly!!!

[@TheGeorgeous]

The biggest issue in America is quantifying value of the primary house. Take a call on living frugally in a wealthy house or living well in a basic house. Never associate your house as part of your net worth. It's a fixed purchase you die in. No mortgages.

[@nephetula]

Twice the house = (probably) twice the taxes, twice the maintenance expenses, and a significantly larger utility and insurance bill. Plus, their mortgage debt immediately goes up 50%. These things will affect your ROI, and need to be considered!

[@mamajojovegan]

I admire couples who work together and are intentional. It appears to me that this man and his wife have been on the same page for years, following Dave Ramsey for a long time. Marriage does work if the two people pray together, agree on the most things and have the same vision. This man and his wife are a good example of making marriage wife. Nothing hidden in their marriage.

[@RyanABC123]

This is a question EVERYONE on the west coast is asking themselves.

[@candy2325]

He also has to factor in maintenance costs for a home in that high price range.

[@stephanied1028]

And the property taxes

[@thandasibisi7534]

Exactly. I do not know how things work in the USA but in South Africa a big house like that probably attracts higher property taxes.Put simply if someone were to bequeath me a mansion I would promptly sell it as I cannot afford the "lifestyle" that goes with living in a mansion.

[@Big-Government-Is-The-Problem]

for that price range in Cali its probably literally a 1500 sqft house and the upkeep cost is tiny. you may be coming from the perspective of a normal state where a 1m home could be 7500sqft, has a heated pool, 50 acres of land etc.

[@plants4thewin]

I dont understand why people dont get it with these houses. The only thing you can do is sell it or pull out the equity (another loan). This is why I live in a BASIC house, its just a sense of security for me.

[@mcshakycheese7396]

Same thing for me. I'd like to live in houses jusssst big enough to meet my needs. I don't want extra to maintain, especially once my kids are gone. Might as well just buy a second house in cash to rent out if you want to use it as an investment vehicle.

[@adamseidel9780]

If you can afford it, what’s not to like about a nicer house.

[@SDALLE99]

I don’t get how you can live in some basic house. I get it if you don’t have money, but if you do, why make yourself suffer? What’s the point of working if I’m gonna live in a hut?

[@Aggie4life77]

It’s because you make a basic salary and can’t comprehend it!

[@Aggie4life77]

@@SDALLE99 exactly! When I hear people say this, it just screams that they are jealous! If someone has 10 million plus, why in the world would they want to live in a shack? This guy is the type of person who feels like everyone should live like him to make him feel better about his life and life decisions!

[@Holdeenio]

It’s also unlikely that someone moves into a new home and the only expenditure is the purchase. With new furniture, remodelling, redecorating etc… the costs usually spiral. That takes even more cash away from investing.

[@desimo147]

A lot of this discussion depends upon how much runway this guy has left in his career. If he is wanting to retire in 10 years, this is probably a bad deal. If he's going to go for another 20 or 25 years, this might make more sense. He would still then have plenty of time to get the mortgage paid off and build investments beyond the value of the home.

[@libertysprings2244]

With the higher priced home you have a higher property tax which is maybe not sustainable in retirement. Home insurance may keep going up too

[@barbieblue3336]

Smaller homes often increase in value more than pricier homes. I don't consider $170k "a little left over" to pay on a $575k home He started talking about a 30 year mortgage. 2:40 Doesn't Dave want 15 year mortgages?

[@mbproductions2292]

He typically does yes. Only taking up 25% of your income

[@reesercliff]

he changed his stance since hope prices exploded 15 year on 25% of your income isn't possible for a majority of Americans anymore unless you live in the middle of no where Kansas

[@paulharsh78]

A million dollar house has million dollar bills, property tax, repairs, utilities. Probably would cost $4000 a month without a mortgage.

[@mikenelson8377]

Nailed it.

[@15KHPCLUB]

My 7,122 sq ft doesn't cost anywhere near that but ok

[@brandonhooper7748]

That’s the hard thing to realize.

[@brandonhooper7748]

@@15KHPCLUB 7500sqft doesn’t always mean 1M in house. I’d think $25k/yr now in property tax in tx, 10k expenses of upkeep so maybe 35k. What does it cost you are your taxes better ?

[@chriseden9907]

maybe half that

[@annam4313]

In Australia it is no capital gain tax on the owner occupied house, provided that it is used as a main residence. We are thinking of selling our main residence which has no mortgage on it and it is expected to sell for over $4 million . (only selling expenses would come out of the selling price, no capital gain tax). We would use the money for investments. We love one of our investment property and we both agree that we could live in it happily. The suburb we would move into lacks several of the conveniences we are used to, however offer more parks, a creek, large lake, bicycle track along the creek, e.t.c. The more I am listening to you Dave, the more I convinced that it will be fine.

[@biskit7]

They didn't ask him the income. That's the most important thing for a home you're living in...

[@tancreddehauteville764]

Expensive homes can be hard to sell - this is the problem. I've seen a lot of multi-million dollar real estate taking YEARS to sell.

[@llcross04]

Agreed. I live in TX where we have multiple abandoned mansions that were never sold. Owners just walked away. realtors were never able to sell. investors don't want them because they wont have anyone to rent them out to. very few people will be able to afford 10k+ per month

[@wesfin]

7:01 diversification “Sow your seed in the morning, and at evening let your hands not be idle, for you do not know which will succeed, whether this or that, or whether both will do equally well.” ‭‭Ecclesiastes‬ ‭11‬:‭6‬ ‭

[@thomasallan8113]

Bruce Williams said that buying a house is an investment in a lifestyle not a financial investment.

[@stevenporter863]

Who? The radio guy?

[@barbieblue3336]

Yes. You need to upscale everything.

[@Sable1837]

I live in California. A 1M home in Sac will get you a slightly above-average home. Its not worth it to have that much of your net worth tied up in a primary residence.

[@rosangelicajuarez6663]

I think he said he wanted to move out of state :)

[@Sable1837]

@@rosangelicajuarez6663 Thanks -- I must have missed that part. I still don't know if its a good idea to have that much tied up in house especially in a state where home prices don't increase over time the way they do in California.

[@Fishouta]

@@rosangelicajuarez6663 caller said "out of Sacramento", but who knows where that is.

[@ezyryder11]

@@Fishouta ah. They flashed “new state” on the screen. But the caller never said it?

[@Fishouta]

@@ezyryder11 not that I heard. And often, the title is wrong or misleading.

[@livingunashamed4869]

I tell people all the time your house doesn't matter its all about your investment portfolio. Your house should never be more then what you have invested when you're retired.

[@stevenporter863]

Absolutely. House you live in generates negative cash flow (costs from maintenance and property taxes). If you can't use it to buy a movie ticket, groceries or finance your lifestyle then it isn't liquid. Need more liquid assets than non liquid.

[@morningmona]

1 million house in California is dirt cheap. It’s ridiculous.

[@flea4061]

I really don't view my home as an investment. It sucks up maintenance costs, and you have to live somewhere. Too many people are focused on what they live in as "their investment."

[@xfhnhhgjbvcfg]

You should , stand to make 40% on my house sale lol .

[@damemethief]

The whole thing about how the primary residence doesn't produce an income for you is why some people don't even include their primary residence in their net worth statement.

[@matthewgardner2144]

And wait for the lifestyle creep when they move (and you know they're gonna buy this house) when this happens. They will want a new SUV, multiple trips to Pottery Barn, etc etc etc.

[@TheMechanicj]

I’m confused did they not just say he was gonna have to take like a 600000$ mortgage cause he only has like 400k in equity in his old home

[@TartarianTopG]

Oh yeah haha and the guy said they have a million in investments. So if they wanted a million dollar home all they have to do is pay off 600 bc they got 400 equity.

[@megalodon1726]

@@TartarianTopG Their $million is in 401k/retirement, so it's not really available to throw at a house anytime soon. They'd lose over 40% of it to taxes and penalties.

[@52CA]

How can people be pondering these decisions in these economic times is beyond me. This should be the wake up call some of us need.

[@phatbetbruh]

For those who can and have the opportunity, even in these economic times, should still he saving and investing. Being poor is not a virtue, any more than being wealthy. None if us gets to take it with us

[@Big-Government-Is-The-Problem]

a mortgage is actually great during times of high inflation. its a promise to pay back increasingly worthless toilet paper.

[@phatbetbruh]

@john Smith I've changed my family tree in many ways. But always doing the right thing is better than being poor or wealthy, and economic changes shouldnt change our views of right and wrong. That's all I'm saying.

[@andrewsmith8715]

@@phatbetbruh "Being poor is not a virtue" Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God. Matthew 19:24

[@phatbetbruh]

@@andrewsmith8715 that's a great quote, greatly taken out of context.

[@awa4762]

It's amazing how people forget to put a price tag on their time and energy! With their wealth already built, you would think they would just let it ride, downsize and enjoy life/fruits of their labor.. INSTEAD, I heard greed.

[@brunaspc6349]

That seems logical, although nowadays it’s hard to find a good house in a good neighborhood (near schools with good grades), worth less than $1MM.

[@dr.bradshaw]

Less house, more money in investments

[@kpeggs82]

Your home you primary residence is not an investment. Because if you needed that money you would loose your home.

[@stevenporter863]

People are confused between liquid and illiquid assets. Need liquid first.

[@meatball4409]

It is an investment actually. Just not a cash flow producing investment. It's capital gains until it's used

[@genglandoh]

In our case we have lived in the same home for 36 years and paid it off many years ago. The issue of buying up in your home is you keep restarting the mortgage and some will never get out of debt. Even if you end up paying it off it does not make any income for you in retirement. Some of our friends had to downsize in retirement so they would have money to invest and live off. In our case we love our neighborhood and want to stay here in retirement. So we did not buy a bigger home and just stayed put all these years. Not hard to do when living in Ohio where home prices are low. I just retired on June 1st and our home is 22% of our net worth, so we will be fine in retirement.

[@Teamshmo]

lol laughs in Toronto as most people make between $60k-100k and live in a $1.5 million dollar house

[@sobeliever1638]

Toronto qould be empty if not

[@MrOfficer235]

I would sell and get out of California. Just don’t come to Texas. We already have too many of them here.

[@sobeliever1638]

More people should move to Texas as their right to do so

[@brokgladden4835]

I would love Dave to talk some specifics about income producing investments. Does he talk about that in his new book?

[@bez787]

Dave’s advice is always on point…

[@mamajojovegan]

Always

[@lkj0822g]

Not always, but he is on point in this call.

[@kaohsiung99]

@john Smith And the guy said he wanted to get a 30 year mortgage! (at 2:40)

[@superblump87]

@@saulgoodman2018 you have to be on the spectrum. There's no other explanation.

[@superblump87]

@@saulgoodman2018 you add a negative comment on every single dave ramsey video. Stop. Watching. Them.

[@brentmeg922]

As long as I have water, food, clothing, and shelter, I consider myself a multi-millionaire.

[@bettysmith4527]

Why would you want to buy a house that expensive, when you have one almost paid off.. no way!

[@bettysmith4527]

@john Smith As long as you can still sleep at night because you are financially sound!

[@mxerb5912]

Housing bubble is popping.

[@jr.sciencebros.8411]

Not if you live in the right area.

[@melanieb2132]

Hopefully. It won't pop like 2008. I'll just plateau and dip slightly

[@powers6963]

I sure hope so!

[@mxerb5912]

@@jr.sciencebros.8411 maybe Hawaii

[@ianrobinson4200]

The great benefit of having a paid off house is (obviously) you have no mortgage payment, and it's hard to put a dollar value on the weight on your shoulders it can take off. It means you require less money to sustain your lifestyle...

[@todd2456]

Interesting. We have a home valued at $2.3M and $1.8M in retirement. But we bought the house at $1.2M. So it's just that the house has gone up in value so much. Hmmmm...

[@paulharsh78]

May I ask how much the house costs you in utilities, taxes, repairs? About $4k a month?

[@todd2456]

@@paulharsh78 Utilities about $400, taxes $1167, repairs I do myself.

[@FifiAllia]

Thanks Todd for replying, I felt those saying 4K a month without mortgage were exaggerating. In NYC most homes cost more than a million.

[@Aggie4life77]

@@paulharsh78 dude where are you coming up with 4k a month outside a mortgage? Repairs every month? Come on! Utilities aren’t going to be no more than 500ish a month. Taxes are probably $1800 a month. That’s $2300 a month on top of the mortgage.

[@todd2456]

@@Aggie4life77 Property taxes are $1167/month

[@ballathug8404]

The average price in Canada is almost $1million

[@djpuplex]

"Tell the wife to put the gun down". These women and these houses.

[@fauxbro1983]

Broads these days

[@15KHPCLUB]

My dad and his friends always used to say "Don't ever get married!" Glad I took their advice 👍

[@blkboxmobilefitness]

I'm in Sacramento too Troy! Goodluck brotha!

[@briannielsen7176]

A house is only an asset if you're renting it out or when you sell it and make a profit.

[@barbieblue3336]

It's always an asset

[@briannielsen7176]

@@barbieblue3336 If you're not bringing a cash flow in it's a liability.

[@DMoney505]

@@barbieblue3336 An asset gives you money, a liability takes your money!

[@dak5996]

Some people haven’t read Rich Dad Poor Dad

[@briannielsen7176]

@@dak5996 Yep!

[@barbieblue3336]

$1m homes, often with high taxes, landscaping bills, snooty neighbors, higher standard of living (elevate your wardrobe, car, home furniture & decorations), where your kids go to school...also, if they're large, you need extra help in the house

[@ezyryder11]

It depends. In Sacramento and other places in California, New York, etc, lots of frugal millionaires who live in million dollar houses that are actually pretty modest looking, live below their means, and grow their net worth through real estate.

[@reesercliff]

If your kids are large you need extra help in the house? LOL

[@adamseidel9780]

Principles of liquidity people, principles of liquidity…

[@randallsmith1664]

I am guessing it's already been said, but if you have to ask, you can't afford it.

[@jacobmoreno6339]

Great video. Never really considered the part about it not being an income producing investment. 👍🏻

[@jimhandler1129]

Otherwise, It's kind of meaningless how much your house is worth. If you're not gonna sell it or rent it, who cares how much it's worth. I understand that it is part of one's net worth, but if you're only gonna live in it, it just doesn't matter.

[@mattyp3119]

"Ramsey study of millionaires" - in the 90s

[@kennethw6962]

I think we need to stop calling our personal residence an "asset". An asset puts money in your pocket and a liability takes money out of your pocket. So your personal residence is basically a liability. It's essentially a toy that also happens to appreciate over time (unlike a car or a boat). But it's still a liability which is why Dave is vaguely vaguely uncomfortable and has no clue why. Thankfully, Rachel is a little more clued in. So the Ramsey family is progressing forward.

[@BarbellFinancial]

If you have to ask, you can’t afford it 🤣

[@blinks6736]

What a silly comment, asking for other perspectives is the intelligent thing to do.

[@BarbellFinancial]

@@blinks6736 guess you didn’t detect my sarcasm…people these days…

[@blinks6736]

O yea sarcasm through text

[@richardramfire3971]

@@blinks6736 exactly he didn’t jump. He asked for expert advice

[@paradiddle5150]

So true 🤣

[@williams6334]

Your 250 acres is bringing you so much enjoyment. Let's not forget that has its own worth too :)

[@sureshh6193]

I have couple of houses yet, till i moved to stock investment. its really been paying and I am 42 years now

[@robertwildlife]

​I’ m 32 I have saved good amount of funds, I'm new to stocks, are you a Pro?

[@gamingfinance5426]

Majority of Australians are needing to spend 1 million to get into the housing market.

[@bjkarana]

They're already "rich" via their 401k plans, and you only need to get rich once. If they had 10 million in equities and wanted to put a million into real estate then that's one thing, but what he's suggesting is just not a wise move at their current level of wealth.

[@joeriveracomedy]

They should get an apt downtown and buy rentals in elk grove & stockton. Straight cash homie.

[@j_rod5893]

I’m confused by this one. I thought he always suggests paying off the house besides the 15% into mutual funds. I don’t recall him ever mentioning not to. He’s even told callers to sell their income producing rentals to pay off primary residence without asking if they have other investments.

[@mrpiceno]

I'm thinking he is assuming this guy is really good with money and knows the basics. A regular caller wouldn't be buying a 1 million dollar house.

[@powsno4485]

Average house price in Canada 🇨🇦 🤣

[@daveshaler3389]

This caller has a basic risk management problem. Perhaps a term life insurance policy would protect them while being overextended with mortgage debt.

[@jonathanrobimson4543]

He changed his mind when he heard his wife was on the other end

[@brentebner8666]

It's only exciting to talk about money, is when you actually have money.

[@shanerogers9386]

Remember that 1MM house was less than $500K 3 years ago.

[@Wall2000x]

Why would you want to invest in real estate in California? Think Idaho. Idaho is often considered a good state for real estate investors, with low taxes and no property taxes. Homes are not investments. It is interesting that women (wife) always want larger homes, as a sign of status, nothing more. Got a mattress, a TV, a WiFi connection and a fridge most men would be content. I am. Content=happy=joy.

[@elizabetha8565]

He's in Sacramento so his home has to be close to worth 1mil.

[@miketheyunggod2534]

Houses are depreciating assets. We purchased one in 2006 for $130K and sold it ten years later for $65K.

[@kaohsiung99]

It all depends.

[@musicpro7278]

You have to keep the house nice to increase its value. You probably had it disgusting

[@aolvaar8792]

In 2007, I went to cash (before the crash), I bought a $50K home in 2010 Now $450K.

[@MoneyTalkwithMP]

Depending on the location. Most of the properties tends to improve in value just because of US dollars weakening every year due to inflation

[@aolvaar8792]

@@MoneyTalkwithMP ???? 20% increase in population in a landlocked city. A fixed amount of houses>> 40-45% YOY increases in price

[@FloydofOz]

I think his question is really whether he should live in an expensive home

[@MR3DDev]

Your house is not an investment, people need to learn that.

[@ThisOldMan-ya472]

Your home is an investment as much as stocks are an investment. Unless the value exceeds inflation, expenses and taxes, neither is producing income.

[@Robert74450]

Almost no home is an investment I live I. An area where rent income is considered to be outstanding problem is rent income does not cover maintenance taxes and other things that come up with a home so we now have all these real estate agents telling folks every home has income potential of 70 to 80 k this is a lie most homes produce between 12k and 15k proven results not a projection or a wild as guess base your numbers on real life

[@Valmontst]

A house can absolutely be an investment. Where are you getting the idea that a house is not an investment?

[@MR3DDev]

@@Valmontst If you live in it, is not an investment.

[@DJ-ws6je]

Sacremento? Lol. That place is a “receptacle for bullets” to quote Dave. Haven’t people read the news??

[@davidsteckley8846]

He's a fool IMHO for investing in over priced CA. Sell your house and pay cash for a house even better out of state. A million dollar house in CA would cost you 50% less out of state with land

[@allaroundstrong]

Good timing.

[@willmichael4033]

No matter how this guy wants to look at it, this is bad capital allocation. They should be looking at $500k houses with that net worth.

[@BitcoinTo100K]

Did you even watch? He didn't mention net worth already in a $500k+ house only owes 1/3 that

[@xqueenyx13]

500k houses in their area is garbage

[@mikeconnolly6845]

@@xqueenyx13 never mind garbage, they hardly exist!

[@symlexbrn5396]

I know it's their money but does somebody really need a million dollar house ?

[@dak5996]

Not in middleofnowhere, AL, but in a lot of metro areas yeah.

[@tkdevlop]

*NO*

[@wichertj3]

What about the majority in real estate that is commercial? (income producing)

[@larrygerry985]

Lifestyle is the destroyer of wealth after 40. You can always make an excuse to upscale a house

[@angelmyers869]

I wonder why they want to move? Like is it solely for investment purposes or is there something else brewing under the surface?

[@alinatamashevich3354]

Keeping up with the Joneses

[@michaelwoods4495]

If you wait long enough, the house you have will become a million-dollar house.

[@acrane1100]

“Can I afford….” No. If you ask this question the answer is no.

[@lionmangolf]

This guy was talking about a 30 year mortgage i believe at some point.

[@ATLFUNKCARTEL]

She could grow bananas instead of eating bushes

[@love4stamps]

🤣🤣🤣

[@barbieblue3336]

And lemon trees

[@sobeliever1638]

🤣🤣

[@sobeliever1638]

Edible flowers

[@yarrdayarrdayarrda]

Not mentioned here, in retirement, what does that million dollar house cost you per year in taxes?

[@alinatamashevich3354]

In power?

[@yarrdayarrdayarrda]

@@alinatamashevich3354 taxes

[@alinatamashevich3354]

@@yarrdayarrdayarrda Upkeep!

[@raymondblake5765]

Oknlets saybsomeone had a house worth 700,000, they owed 200,000 on the mortgage... is it wise to move to a house for less than 500,000 and accelerate being out of debt? The 'moving down to become debt free' strategy. Is it a good idea?

[@kdelete4949]

Rent out the current house. Buy the $1 million house

[@Cravz69]

I would have liked to know what their household income is.

[@louannhuber2651]

Dave- why don’t you rent that land to produce income? e.g. Ranching, farming, with modular house or trailer, etc. your life, no reply expected of course.

[@adamseidel9780]

Because uses it as his outdoor playground, as he said.

[@henriettemulumba4626]

He's using foor shooting 🔫 😳 😕 😐 😂 🤣 🔫 😳 😕

[@henriettemulumba4626]

He's using for shooting 🔫 😳 😕 😐 😂 🤣 🔫 😳 😕 . That's his recreation🏆 , his hobby.🏆🏆 To each his or her hobby , enjoyment in life 🤔🤔🤔

[@joeyr1996]

Why did this make the youtube channel; does this represent a lot of people?

[@NawfSideLightning]

This video didn't even remotely answer the captioned question

[@MrMustangrick]

No way.

[@barbieblue3336]

This call is stupid. Why do you want to take on a new mortgage, when you should be investing? Where does it say in baby steps, time to sell your paid off home? Plus, its almost $200k that needs to be paid off, in a time of inflation and possible scarcity. Why doesn't he say in the beginning that his wife is listening in on the line? Rachel should have offered more thoughts. Dave is just flexing re his property. What is his income, what is his job, is his wife working? What about cars,

[@sheilarhodesforever]

EXACTLYYYYY 🎉

[@ericmed]

California RE go up in value? 😂

[@md-wg4bz]

250 acre home? Must be nice!

[@Hillside-Hive]

Farm... like land

[@patriciaalbertson5183]

He said: Land. Just Land used for ATVS/ and Target practice! Does not generate income. He can afford it, thou

[@sussannekeith5676]

Yes it is nice. He works hard for it.

[@md-wg4bz]

@@Hillside-Hive Duh, of course the house is on 250 acres of land. No such thing as measuring a house in “acres”. 🙄

[@Hillside-Hive]

@@md-wg4bz lol, you said, "250 acre home? Must be nice!" Thought I was helping you by clarifying 🤷‍♀️

[@Anthony-cp7yc6655]

I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run.....

[@Anthony-cp7yc6655]

It seems that *JENNY PAMOGAS CANAYA* possesses extensive knowledge and a strong educational background

[@johncameron4194]

That’s insane move out of CA

[@lunganikhubone2595]

$1000000 house, at least have $4000000 NETWORH. Ratios are so important. Dave do not emphasize ratio once someone has done well he give the too much break, I don't think it should stay that way. With $200000 over a period of time people can buy experiences Ruther than 4Walls and a Roof. People are so obsessed with bigger the better. The World is Changing so fast.

[@DannyGmusicc]

Why do millionaires phone in for advice?😵‍💫😵‍💫as if they don’t know what to do ?

[@SwayzeeSoul]

Can I afford a 10 billion dollar house?!

[@jonbon7219]

Like like like......did a man or a woman say that? Like ya yup ya

[@SwayzeeSoul]

Must be nice…..smh

[@alinatamashevich3354]

The old adage is still true, If you have to ask, you can't afford it.

[@ThisOldMan-ya472]

A millionaire is someone who has over $1 million in net assets above their primary residence.

[@meatball4409]

That's not how it works🤣 A millionaire is someone who has $1 million in equity after subtracting their liabilities from their assets... how it's allocated is irrelevant to the math

[@ThisOldMan-ya472]

@@meatball4409 If you say so. LOL Contemplate the phrase, "asset rich, cash poor". Unless you live in a tent on someone else's property or you live with your Momma who pays all your expenses, your home, if net value $1 million, does not make you a millionaire.

[@ThisOldMan-ya472]

Soon, with inflation, the term Millionaire will only apply to people who have a net income of $1million/year. LOL

[@meatball4409]

@@ThisOldMan-ya472 You need to educate yourself because I don't know where you got your information from lol

[@ThisOldMan-ya472]

@@meatball4409 Let us put it this way then, I have a home worth over $1million and over $1million in cash and stocks, so then I am a multi-millionaire?

[@BagsNBaguettes_327]

I hope Dave is not out there killing wildlife…they need your land to live too…

[@neilsmith9066]

He's a Hillbilly what do you think he's doing 🙄 plus meat is super expensive at the moment.

[@russellpottenger8584]

I’m pretty sure if Dave is killing it he is eating it.

[@matthewgardner2144]

He likes to position himself as a rugged outdoorsman. His macho listeners fall for it every time.

[@neilsmith9066]

If you live in Tennessee have 250 acres and don't hunt there's something wrong with you

[@melanieb2132]

Hopefully he is killing deer. They dont have natural predators besides humans in populated areas. Those populations need some harvesting at times.