Is to rant about how folks can't afford the houses in the areas they want. This is literally a game now. It's pretty much move to a more affordable town, get married, get raises and save until you can afford it. I remember living in NYC and many properties being like 700k. I said nope I'm moving out. Maybe in a few years I will buy something decent around 300k.
@johnsyler85806 ай бұрын
It is to rub everyone's nose in it. I listen to Dave Ramsey for entertainment and not advice.
@hvaball1506 ай бұрын
To let you know you are wrong today.
@Cookieboy706 ай бұрын
For Dave's funny voices. Because everything else was completely meangingless.
@narekmartirosian-r4g6 ай бұрын
young people are lazy that is why they cannot afford today's housing market. That is his naive notion.
@justinshearer81806 ай бұрын
Housing prices have gone up at a much faster rate than the average salary and that's the problem
@hvaball1506 ай бұрын
The problem is doubling the population in metros instead of leaving. All else is roughly the same or better.
@paulstandaert57096 ай бұрын
One can argue that the housing costs are a greater portion of someone's income, but the overall economic situation is the same. People blow their money on crap they do not need these days. If they quit doing that, they could actually afford important things like shelter.
@joelmartinez22786 ай бұрын
True, but just have to save a little longer than usual.
@NiceOCGuy19813 ай бұрын
Then work more.
@justinshearer81803 ай бұрын
@@NiceOCGuy1981 I work 70 hours a week
@Sable18376 ай бұрын
This is the kind of stuff that makes me want to quit watching Ramsey. He is so out of touch with the struggles of everyday Americans.
@amireallythatgrumpy65086 ай бұрын
By which you mean the stupidity of everyday Americans.
@littleripper3126 ай бұрын
You know how our grandparents or great grandparents not only moved out of their city but moved to an entirely new country in many cases where there was literally no roads yet? That's what we need to do. It sucks but I can't think of any other solution for us. We can't even afford way outside the city and we both work middle class jobs. Like if I've ever heard the name of that town then I already know I can't afford it. I need a place where there isn't even a hospital built yet 😂
@luisfilipe20236 ай бұрын
Why because he understands reality?
@DARTHDANSAN6 ай бұрын
Yup 👍
@anacorreia80586 ай бұрын
@@luisfilipe2023As a rich person who owns 3 rentals myself, Biden is not the answer
@theburnetts6 ай бұрын
Dave has no understanding of reality. At the beginning of the video he mentions that his parents bought a house in 1963 for $12,230. In 1963 the median household income in the US was $6200 per year. So the house his parents bought cost about twice the median income for that year. He also mentions that today that house is worth about $400k. And today the median household income is about $74k. So that house his parents bought went from costing about 2 times the US median household income to 5.4 times the US median household income. And later in the video he talks about how not everyone can afford to live in downtown Manhattan. His point is that sometimes there are certain places where the housing is just so expensive that you have to go move elsewhere. He is right. However the problem is that in many, many areas of the country there is no other affordable place to live. For example - if you are a family that has a household income of $85,000 and you are currently renting and living in the suburbs of Washington, DC there literally are NO homes that you can afford within a 100 mile radius. And once you do look far enough away to find a home you can afford then you have to move to a more rural area. And guess what? There are no jobs in that area where you can still make $85,000 per year. But Dave doesn't want to hear it because he is still living in the past. I don't know why he doesn't want to admit that this is a real problem and that it is fundamentally different than things have been in the past.
@aolvaar87926 ай бұрын
HINC-04 U.S. Census Married with children under 18 yrs old Median household income, all races, $123K $196K for Asians the median household income is about $74k This includes retirees, single mothers, .... Everyone It is like average life expectancy (everyone) rather than If you are 65, you have a 50/50 chance of 84 and if you are married at 65 then 50/50 chance of one of you making 90.
@hvaball1506 ай бұрын
So what. Houses can be obtained for $74k x 2 = $148k. Same style house. Same metro size. There were 400k people in Nashville then. There are 1M people in Tulsa today and a house can be bought for $150k. Plenty of them too. The average homeowner in Tulsa makes $90k per year. So it's not even 2x for a house for them.
@cstickles6 ай бұрын
Running elbows w BlackRock
@markbretton50086 ай бұрын
Don't forget that in 63, it was one income in 2024. it's two incomes, so now you must pimp your wife out to the workforce and let the culture raise your children. And you get to be emasculated and have open borders we a criminal as president and a poison Vax. Dave is probably a leodecian type christian who lets the culture determine what is appropriate and trys do it better. I do like his debt snowball approach though.
@Fedx12086 ай бұрын
Keep whining bud
@spdog33446 ай бұрын
Stop gaslighting us.. housing prices have gone up wayyy more than what is “normal”. This is statistically proven, not just sentiment. I do agree that we can’t live in victimhood about it, just gotta try harder to make more money and deal with it…
@James_Hough6 ай бұрын
This is essentially exactly what he said.
@zybard016 ай бұрын
Yea but people want it said in a way that makes them to be victims
@jordanbrown13096 ай бұрын
@@James_Hough When does he acknowledge the absurd increase in price? He uses the example of his parents buying a house for 12k, which is roughly 122k today. That is like buying a house with a bucket of strawberries, comparatively.
@narekmartirosian-r4g6 ай бұрын
or ask for parents contribution. At this point its their responsibility I feel.
@James_Hough6 ай бұрын
@@narekmartirosian-r4g That makes no sense.
@dankbreh90136 ай бұрын
Im curious. What happens to society when Teachers, Nurses, First Responders, Grocery store employees, and Sanitation workers can no longer afford to live in an area?
@Johnrl216 ай бұрын
They’ll have to be roommates yes?
@Sexy40baby16 ай бұрын
Sad truth ~ they will be renters or purchase town homes. (Yes I see those being built recently). Or They will have multiple people on the loan document to boost up the income so they can qualify for the home ~ cosigner Yes, it sucks. This is coming from a truck driver that finding it hard to make close to 80k unless I drive over the road ~ and that's not even guaranteed income if I do that
@Aki_Lesbrinco6 ай бұрын
@@Sexy40baby1townhomes? Have you seen the prices of townhomes. I own one, last time I checked, it was valued at around $400k. One down the street, the same model as mine, sold for $430k.
@Sexy40baby16 ай бұрын
@Aki_Lesbrinco yes and also I said multiple people incomes ~ cosigners~ will be needed. Cost of Living is no longer low anymore. And all employers aren't paying large amounts of money
@ydoucare556 ай бұрын
Rampant theft and huge tax increases to expand social welfare programs.
@steve35856 ай бұрын
Dave is sometimes completely unhinged from reality. We are not making it up, houses are extremely expensive relative to earnings. It’s a fact.
@ItsMrLee6 ай бұрын
Start saving up for a giant down payment for when interest and hopefully prices go down a hit. Buy in your realistic price range.
@realexg6 ай бұрын
You’re looking at too high prices then. Either find something in your affordability area, move to a city that has it or rent and save up he’s not wrong
@sethauld67086 ай бұрын
I normally agree with Dave but look at the wage increases on track with the housing increases. Math don’t math in regards to this.
@rd24life6 ай бұрын
Dave is a pile of crap. It’s obvious. He’s just a nasty person
@livehardrocktruth7426 ай бұрын
He needs to be foolish. If he tells the truth. No more viewers to lie to. This country is going to fall and burn. He'll never say anything close to that. I guess car prices have always been like this, too. 1000.00 payments per month.
@paulac12346 ай бұрын
Easy to say to stop whining about the housing market when wages are stagnant but housing and rent keeps increasing. Just saying.
@ONEMANSVOICE-bv1io6 ай бұрын
Facts
@Chromewarrior6 ай бұрын
Why are wages stagnant? Inflation! Bidenomics.
@henryjosuesanchezzelaya1426 ай бұрын
Bro wages have been the best for all positions since 2019, this has been the best times to switch jobs and get incredible increases as new hires.
@raymondcarter98106 ай бұрын
@@henryjosuesanchezzelaya142 Mhmm
@jimmymcgill67786 ай бұрын
@@Chromewarrior That's a lie. It was stagnant before him.
@xs-xb4ih6 ай бұрын
dave ramsey is ridiculously out of touch with reality. this is not 1997 anymore dave.
@amireallythatgrumpy65086 ай бұрын
America in general is out of touch with reality
@L0kias16 ай бұрын
You cry because you live outside your means and you don’t save
@xs-xb4ih6 ай бұрын
@@L0kias1 wake up. you can’t budget your way out of poverty bum
@Jcakiiiii6 ай бұрын
😂 1997
@foodchaser7166 ай бұрын
Yes it's way better then 97...endless ways to make money
@Elizabeth_lowkeyluxuries6 ай бұрын
Dude, I bought my home 4 years ago and it has already doubled in value. I live in a smaller Midwestern city, if I had waited to put 20% down on a 15 year note, I would not be able to afford the apartment i was in or the home I'm in now. It is crazy. 4 YEARS. Not 4 decades.
@PrisonerD6 ай бұрын
Real estate often has short term increases like that, but they don't last long - it's pretty normal. The market will run out of steam, then prices will either go backwards or there will be a plateau that lasts for a long time - 10 or 15, even 20 years. Houses will slowly get more affordable again as wages rise. We bought in the early 2000s boom. House prices tripled in our area over 4 years (we bought when they were about half way though the cycle so our house rose by about 50% in 2 years after we bought). My father thought we were insane paying what we did and would never be able to pay our house off. He was losing sleep at night over it! Prices then didn't move at all for 10 years. Around 2011, prices went on the march again for a couple of years and then went stagnant, and now they're risen again. The cycle will continue. The 5% per year or whatever houses have risen over time isn't linear - your house doesn't continually go up year on year (the house we upgraded to in 2014 after the 2011 - 14 price rally dropped by 20% after we bought it and stayed there for 8 years until the current boom). On the raw figures you'd say - look, your house doubled in 10 years, but in reality it didn't. It doubled in 2 years at the end of the 10 years. For most of that time it was worth less than what we paid. No doubt it will now plateau off again or even fall from these highs.
@Elizabeth_lowkeyluxuries6 ай бұрын
@PrisonerD I get it, my whole point is that Dave acts like it's not a big deal the fact that they are living during a 4 year period where they are making the least they'll hopefully make in their careers while the housing has doubled and pretty much all other vital items have increased 30-100% in that same time frame. "Adjust your sails." Sorry, that was not my experience at all as a young adult starting out and I would have been freaked out too. A little empathy can go a long way for these young adults instead of just saying they're whining and he and Jade laughing about the situation. It comes across as very tone deaf.
@NoNo-ng9sl6 ай бұрын
The crazy thing, you went against everything Dave says about buying a home.
@Elizabeth_lowkeyluxuries6 ай бұрын
@NoNo-ng9sl yup. I was debt free and the payment was 25% of my monthly income on a 30 year note. Paying on it as a 15 year without the pressure.
@NoNo-ng9sl6 ай бұрын
@@Elizabeth_lowkeyluxuries good for you. Glad you made the right decision despite Dave's stubborness....there's two things that annoy me about Dave. 1. Acting as if his philosophy is the only way. 2. Diminishing the reality of the shrinking middle class......he'll go on rants about the Fed or politicians. But then act as if the housing market isn't affected by those decisions.
@BrianCassidy-hb9pg6 ай бұрын
Break News... Old man sitting on a portfolio of rental properties tells those paying him rent to shut up and stop moaning.
@dnah026 ай бұрын
He needs renters can't blame him
@sspann6 ай бұрын
😂😂
@CurieBohr6 ай бұрын
The question is, what will you have as an old man? Dont be mad at him for building a successful business and turning those profits into real estate.
@arturosanchez-wf4nb6 ай бұрын
Call the wambulance
@BrianCassidy-hb9pg6 ай бұрын
@@sspann Hopefully I'll have a family that loves me for who I am, and not because I have them and their spouses suckling off my teet.
@karoosten2326 ай бұрын
We closed right before the pandemic hit. Had we not, we would never be able to afford this. Our home jumped 200k in value. Income has increased 1.5-2%. The math doesn’t check out. Edit to update: it’s over 400k more now! 🤯 this can’t possibly be right.
@Thebignagro6 ай бұрын
I feel ya on that one I gave up on thinking of home ownership and just invest into retirement
@liorap56366 ай бұрын
Us too. Same timeline.
@zachcothern40906 ай бұрын
A millionaire is out of touch with the average working man. What a shocker.
@amireallythatgrumpy65086 ай бұрын
Of course, all Americans are out of touch with reality. That's the only reason anyone would ever live in America.
@WildcatsandBourbon6 ай бұрын
My wife and I make $150k a year. It will still take us 3-4 years to save up a 20% down payment to buy an average house in our area. Most of our friends are making closer to 70k together. With rents at 2k for a 2 bedroom apartment not in the Hood it’s freaking hard to save for a down payment. Out of touch Dave
@pawelek76 ай бұрын
Same here. Household income 220K one debt left 90K student loan. Our rent was 2K now is 2.5K our broke friends bought 580K house 2 years ago with 3% rate. Their payment is 3K pretty soon we will pay that for the rental. I used to like Dave but he just became old grumpy out of touch man. I just can’t listing him anymore.
@hvaball1506 ай бұрын
Dave is trying to tell you that you are the one out of touch. You aren't listening...
@zachjones23466 ай бұрын
Move to a better area and stop whining
@Ffmt-ri3ti6 ай бұрын
You’re making $12,000 a month and your $2,000 rent is holding you back? Something ain’t adding up. Are you both driving brand new luxury cars? Most people’s rent or house payment is half of their monthly income.
@hamishross986 ай бұрын
@@Ffmt-ri3ti I agree with you. How is CatsandBourbon making 150k a year and struggling? Makes no sense, clearly their expenses or spending is off the charts. Either cut a lot of unessential things from your budget, or move in with family etc to save
@beaniemac6 ай бұрын
I live in an affordable home I bought in 2015, and I think Dave is full of 💩 with this nonsense.
@aolvaar87926 ай бұрын
In 2011, I bought an unmarketable Fannie Mae foreclosure for $50K>>>> Now, $500K
@johndone80456 ай бұрын
He is full of crap
@kleindropper6 ай бұрын
How so?
@zachjones23466 ай бұрын
I bought a home in 2016 that was 5x my income at the time. Now my home is valued at 3.6x my income. YOU are full of crap.
@johndone80456 ай бұрын
@@zachjones2346 either u got a huge raise or u bought in the hood
@Web3Future3336 ай бұрын
Rich guy says: stop whining about rich people owning everything and shut up and work and die poor while we party. What a surprise!!!
@WalrusesAreTheOne6 ай бұрын
💯
@downeykids6 ай бұрын
That is literally the opposite of what his show is about.
@Web3Future3336 ай бұрын
@@downeykids its not, he pretends everyone can just “get a better job and buy a house if you keep your head down for a couple years”. The economy today doesnt work like that AT ALL for most Americans. Houses on average cost 11.5x the average yearly income ( compared to 3x when David was a worker) , 60% of americand live paycheck to paycheck and risk bankruptcy/homelessness if they have to face a medical emergency, EVEN WITH INSURANCE. The capitalist class has captured capitalism, corporations and billionaires won and have submited the working class completely to wage slavery.
@Userxxx8406 ай бұрын
Seriously. They of all people should realize how dangerous someone with nothing to lose is.
@randomkyle36 ай бұрын
@@downeykidsis dave ramsey not a rich boomer telling people to stop whining?
@Ravetar1016 ай бұрын
If Dave was the exact same person but born in 2000 he would be screwed today.
@arturosanchez-wf4nb6 ай бұрын
If If If Go cry elsewhere
@CurieBohr6 ай бұрын
No he wouldn’t. He’d still sell all of you broke people a dream and you’d buy it all day long.
@amireallythatgrumpy65086 ай бұрын
Just like he was screwed in 1984.
@hvaball1506 ай бұрын
He WAS actually screwed before. When he went bankrupt. Times were tough.
@MichaelSims946 ай бұрын
Shit you can push that to 1985, people born 1985 or later became adults as soon as the economy completely changed, and inflation started to get completely out of control while wages stopped growing, and a ton of middle class jobs were taken overseas because of greedy CEO’s and corrupt politicians
@Logangil5156 ай бұрын
The co-host is the biggest “yes man” in the entire world
@bringforthtruth5 ай бұрын
All of his minions are. They never deviate from the Ramsey holy scripture.
@lukekibbles5 ай бұрын
@@bringforthtruthlmao it’s a cult
@Ryan_DeWitt6 ай бұрын
Dave is just mad that with the current market, his formulas which haven't been updated since the early 90's no longer are practical for the majority of people.
@LittleMopeHead6 ай бұрын
Why are you still here if you can't accept his principles?
@Ryan_DeWitt6 ай бұрын
@@LittleMopeHead This has to be one of the lamest type comments. Like "you don't have any right to criticize, you should just leave if you don't follow the cult to the t." Why are you here if you can't accept any criticism of his ideas?
@alexclosson43416 ай бұрын
Other argument is people could still follow his mortgage principle, they just feel entitled to a nicer house than they can afford based on his principles.
@Will-jg2zs6 ай бұрын
@@Ryan_DeWitt you can criticize Dave all you want, he's right in this video LOL as he is in most things when it comes to finance/investing/business. You are just mad that you can't control your spending and live below your means 😂
@lesleyt74386 ай бұрын
Housing IS too expensive, and I don't see how my kids will be able to afford life here. My house is now priced at $500,000, it was a starter home in 1998 at $150,000. I left Canada in 1996 to have an affordable life here in FL & my kids are going to have to do the same and leave. If US is going to lose great talent to other countries because they have not controlled inflation & housing inventories. Not wining - just facing reality. If this Country cared about its population, they would not let this happen to our youth.
@iati62946 ай бұрын
Or you can just have your kids live rent free.
@iati62946 ай бұрын
So your house is now worth 500k and you are complaining? Sell the hours to your kids for 90k then? Oh, no? You’re happy your house went up in value but sad your kids can’t afford a home
@jennifersiepert54386 ай бұрын
@@iati6294 when are they supposed to sell it to the kids and where are they supposed to live if the kids have their house?
@theflightsimulationexperie68946 ай бұрын
I completely agree 100%. The US is about to loose my wife and I Who are professionally skilled upstanding citizens. We are about to leave to another country for a better life and especially because of healthcare.
@jameshudkins22106 ай бұрын
Inflation is caused by the government. Creating more money to borrow and spend is a perfect recipe for inflation. That raises the cost of everything. More income is chasing housing. It is greater wealth which is driving up prices. Not everyone is winning. They are now whining. Government regulation such as zoning and environmental costs are adding to cost and restricitng supply. This is predictable.
@elainepatterson55876 ай бұрын
I hate when Dave does this. The disconnect is palpable. He's been rich too long to remember what it was like.
@chrisoo89986 ай бұрын
Yes definitely his out of touch he has no clue what it's like same as his daughter
@Will-jg2zs6 ай бұрын
Yes, suggesting to people to find alternatives of places for housing and striving for a better income is so "out of touch." You are the victim he dunks on LOL
@dogguy86036 ай бұрын
@@Will-jg2zswhat alternatives? Im from the bay and i cant find anything within 100 miles where someone can buy a home for less than 500k
@Will-jg2zs6 ай бұрын
@@dogguy8603 Then you have to pivot and make more money, start a business, rent longer. Keep at it, you'll get a home eventually.
@dogguy86036 ай бұрын
@@Will-jg2zs what business can I start that will guarantee me to be a millionaire? Maybe the problem is that nobody who isn't lucky cant afford a house. Maybe just maybe when nobody can afford a home. That the system of broken
@markg9996 ай бұрын
I'm just glad we bought in late 2015 our 290k house would go for high 600s now. Our income has gone up but nowhere near 100%
@theflightsimulationexperie68946 ай бұрын
Your one of the lucky one.
@andrewcrizpy6 ай бұрын
No one is paying 600k for your 300k house lol.
@markg9996 ай бұрын
@andrewcrizpy Tell that to all the sellers that have sold Here for that price. One a little larger sold for near 800k.
@JP-uy9kq6 ай бұрын
@@markg999why not sell and make the profit then?
@markg9996 ай бұрын
@JP-uy9kq We like our area so if we sold any equivalent home be about same price in this area....unless we downgrade or we would have to move somewhere else cheaper. So while we made money out buying power didn't really increase.
@mmou38786 ай бұрын
Typical comment from someone who hasnt been a middle-class citizen in a long time. If I didnt buy my house 6 sears ago then I would be crying too being in the housing market.
@Ghostface-13936 ай бұрын
Right! I got mine 8 years ago.
@meanpie136 ай бұрын
I bought my house in May 2020 and if I had waiting even 8 more months I wouldn't have been able to afford it and I probably still wouldn't.
@matraks2246 ай бұрын
So buy now and don't wait longer.
@Anthony-ob2lb6 ай бұрын
6 years ago I thought houses were overpriced
@mhodge08906 ай бұрын
@matraks224 no get a time machine and go back to 2018
@gonzalesg02216 ай бұрын
In the 60s home prices were less than 3x thr avg annual income, today it's 7x. They have simply because unaffordable for regular people
@faerydae296 ай бұрын
One thing past generations did not have is investors buying up the entire housing market! We aren’t competing with other first time home buyers, we’re competing with corporations that have millions to spend, and millions of mom and pop investors who all want to own 50 houses each. The current market is nothing like the past. Ramsey doesn’t understand that.
@cannedparmesan3996Ай бұрын
where are you getting this info from?
@beaniemac6 ай бұрын
12k in 1963 is worth about 121k today, so given that, the house in Dave's example would quite affordable.
@hvaball1506 ай бұрын
And it exists today too. Or very close. Just not the same city, as Nashville has grown. You can buy a 3/2 for $150k in America. And it's not a terrible house. And if your family income is 75k it will match the 2x asking price.
@JonathanGarcia-wz9jj6 ай бұрын
@@hvaball150maybe in a town with 200 people lol, even in rural America housing prices are out of control. In towns with 30k to 100k population a regular house is costing $200k+ .
@WealthGameNation6 ай бұрын
don't forget that the house in 1963 was 3 times smaller than today, no double garage, no granite counter tops, huge backyard, 1 toilet/bathroom, etc...
@hvaball1506 ай бұрын
@@JonathanGarcia-wz9jj just an example...Tulsa has a 1M plus metro population. Plenty of houses for $150k. But ok, go $200k then. Not much difference. The median house owner makes $90k in Tulsa. It's still affordable. Sure, there are plenty of $300k houses too. But who says that is a starter home for everyone starting out.
@wufflerdance94816 ай бұрын
@@hvaball150 lot of us dont make 90k a year.... we make 40-45k if a lot of overtime and thats with hubby as in a trade and busy all the time....we only make it cause we live together with another family member who makes about 55k a yr and they can afford the mortgage but not utilities and food and maintenance so we cover everything thays not mortgage and i clean the house and run things and upkeep outside
@marshall2.0156 ай бұрын
This is literally insane, he's telling people to move out to the sticks where there are no jobs, then you will be able to afford a house? People aren't crying about not being able to afford a house in a beautiful area, they can't afford any house at all Dave.
@aolvaar87926 ай бұрын
Back in the 90's, I had a young woman, I worked with, a Lethal Entry Tech she was clearing $200K/yr, The job site was one square mile of dredge coral sand, 800 mile away from any other land. She was buying a home in AZ, $10,600/mo, 0% interest, 2 year term. move out to the sticks and stand under a money waterfall.
@tkordik6 ай бұрын
Yes and in the same freakin breath he will tell you to not work remote.
@amireallythatgrumpy65086 ай бұрын
And crying is a waste of time.
@Will-jg2zs6 ай бұрын
He's not telling you to do anything if you bothered to listen. He said, something has to change despite what is going on with the housing market. He also suggested to raise your income level, did you bother to hear that? No, you didn't lol relax victim
@privacyplease15566 ай бұрын
Same guy who is against remote work btw
@CRad136 ай бұрын
Dave come to Cali. I make 160k a year, yet a 3 bedroom in the area I work is 1 million plus. Please explain how I put into my 401k, pay my health insurance, kids bills, etc etc. please. Salary to home price ratio has changed. How do you not acknowledge this?
@jamespalmer72476 ай бұрын
I love how rightly pointing out inequalities in the system that we didn't cause is "victimhood."
@GigaChad_1696 ай бұрын
It is when you don't hold accountable the people who victimized you. Hint, it's not Dave Ramsey. I like how these politicians get a pass for all the damage they did the past 4 years yet Dave Ramsey stating water is wet brings out the pitchforks... wild.
@HOLDXSTEEL6 ай бұрын
@@GigaChad_169it’s all politicians though. Trumps reign didn’t exactly go as well as you republicans seem to think 😂
@jamespalmer72476 ай бұрын
@@GigaChad_169 I'm not giving anyone a pass. It's totally the faul of politicians and wealthy lobbyists and has been done intentionally by design. People like Dave love to call it "math" when it grinds workers down, but the minute their vaunted "free market" starts benefiting workers, then it is their turn to whine that "nobody wants to work."
@SBqwerty6 ай бұрын
Blaming the wealthy Boogeyman and the evil politician is simple-minded. There are many factors that contributed to the situation and this is not unique to the United States. Think harder and longer and you might come up with a real solution
@donjohnson14166 ай бұрын
Poor thing lol. You need a cookie, VICTIM?
@louisiorfida76236 ай бұрын
There’s no way Jade agrees with Dave’s take here lol… but kudos for her for knowing how to play the game
@Logangil5156 ай бұрын
Bro what are you talking about Dave?! I make a 100k a year and I can’t afford a house in ALABAMA
@MomoAfterDark6 ай бұрын
lol yes you can stop it.
@PrimitiveAK6 ай бұрын
Imagine being some finance expert but you’re this out of touch with reality 😂 You boomers really have no idea how easy you people had it compared to now.
@amireallythatgrumpy65086 ай бұрын
America is out of touch with reality.
@douglassmith94456 ай бұрын
I can promise you, living in a normal city like tulsa, ok or hershey, pa comes with sacrifices from the housing crisis just like san jose and new york city. The problem is everywhere. I am tired of the New York and California comparisons. We are all having to purchase homes that are far worse in quality due to affordability, EVERYWHERE in the US. To those who purchased a home 4-5 years back, you are extremely fortunate that you could do so considering those of us who have never purchased a home will have an even tougher time now than ever before in history.
@willis74046 ай бұрын
I know that I'm extremely fortunate to have bought in 2020 and being able to have achieved home ownership is just incredibly lucky on my part. However, I think it's important to realize that everyone is struggling to varying degrees. I bought in an area that was expected to get better but sadly it is getting worse but with the current market we realize we are pretty much stuck. A lot of my neighbors are older and in retirement. They would love to downsize but everything is unaffordable. Selling their house would be easy but finding a new place would be nearly impossible, unless they took Dave's advice and moved 100miles away from their family and way of life, which is the worst thing you can do to someone in their golden years.
@TownspersonB6 ай бұрын
Before I went to college, the starting salary for the field I went in was $65k, and you could get a 4 bedroom house for around $350k. Now that I got that $65k job, the same exact house is $550k. The type of house im aiming for is currently around $300-$350k, but by the time I get the down payment for that, its price will probably be even more outrageously high. Housing prices have gone up 1.5-2x over the past few years, and those of us who are starting our careers are discouraged, but the man with many millions of dollars in real estate is telling us to "stop whining"
@Fsone1746 ай бұрын
This does a beautiful job of showcasing how out of touch Dave is with reality. It has NOT always been that way. In the 50s, you were able to BUY A HOUSE as a FRY COOK. Was it tight? Yes. Was it possible? Yes. Is it possible now?
@TK-4316 ай бұрын
Never made more than 55k a year- wife has not worked outside of our home. We bought a house. Had to make concessions about where we lived, and what we spend. People have to make hard choices, but complaining about it isn't going to fix the problem.
@jecrpalier6 ай бұрын
Nope and he knows that. He’s a banker shill for their fiat ponzi scheme
@ballinforlife96 ай бұрын
In the early 2000s, my parents bought a $105k house on a combined income of just under $55k. That same house is worth just under $500k. I now make slightly more than double their combined income at the time and I couldn’t afford to buy my same house. In just 20 years things have changed that much
@jecrpalier6 ай бұрын
Love it he just removes the truth from his post. My replies have gotten deleted cause he’s a banker shill. He knows it and deletes peoples posts
@Fsone1746 ай бұрын
@@TK-431 Alright, let’s get the context you so conveniently left out. When did you buy and where? I’m in Seattle. You’re not touching ANYTHING in this state, ANYWHERE, at about $23 an hour.
@Chele-nm4qx6 ай бұрын
My parents bought their home with 4 kids. It was a 3 bedroom, 1 bathroom house. So us girls had to share bedrooms. It wasn't anything fancy but it was a nice house in a nice neighborhood. Now days people have 4 kids & they think they need a 5 bedroom, 4 bathroom house with granite countertops, stainless steel appliances, office space, etc. People's taste is what has kept many from being able to purchase a house.
@jonsnow97626 ай бұрын
These people don’t understand the animosity they are creating against rich and older people
@martinmi55 ай бұрын
Did they hurt your feelings? 😂
@jonsnow97625 ай бұрын
@@martinmi5 yes, screaming and crying rn
@martinmi55 ай бұрын
@@jonsnow9762 😂
@missunderstood60563 ай бұрын
No doubt
@scoobie8amg6 ай бұрын
We just closed on 2/15/24. We paid $425K and the people who bought it 10 years ago paid $212K. The house was built in 1970 and its 1700 sq feet. Located in South Jersey. Sucks but we are grateful to even have a house.
@hvaball1506 ай бұрын
10 years ago houses were insanely cheap. Now we are returning to near normal. You should have bought then. You will be absolutely fine today though. You will sell for double too...
@CubsWoo6 ай бұрын
They bought that house for $12,230 when the median household income was $6200. If that home is worth $400k now, it has gone up 32.7x in value. Median household income is $77,397, or 12.5x since 1963. Home prices are up 260% relative to income using your own numbers.
@hvaball1506 ай бұрын
Median doesn't matter. They don't typically buy houses. And it doesn't represent a total amount of worth (we would have an $8T GDP then if everyone made the median). The true median income of an American is $0. We don't count large swaths of Americans to get to a false median. They can't afford a candy bar. The median home owner makes about $140k. The average American makes about $150k.
@warrensloan34676 ай бұрын
I like how he acknowledges that it is really hard, then races past it to make the reaction to it the problem. “It’s a shame that you’re in pain, but I shouldn’t have to listen to you.”
@rd24life6 ай бұрын
He’s an arrogant jerk. Funny how the Boomers who have the majority of elected positiins and will continue to keep them due to their demographic size tell the youth to do something about it!!! They rigged in in their favor and we have no options, yet they tell us to change what they control!!! Pure evil!
@Will-jg2zs6 ай бұрын
He's right though. Victims like most ppl online, would rather b*tch and whine then get anything done LOL
@rd24life6 ай бұрын
@@Will-jg2zs Boomers created the problem. Who bought homes cheap, then got the majority of the political positions, then pushed policies to send their equity through the roof? And then for them to say stop whining?!?! That is beyond insidious
@deelindsey6 ай бұрын
Dave needs to stay out of this conversation. If he wasn't a millionaire he'd be "whining" too. It's not about location at this point. Everywhere is expensive. And offered incomes are not keeping up.
@hvaball1506 ай бұрын
Tulsa homes can be bought for $150k or less. And the median homeowner makes $90k. Real estate is almost all about location and timing.
@Will-jg2zs6 ай бұрын
But people have made way more money than their parents and grandparents, what are you talking about. Maybe the whiney house seekers need to budget better, get better jobs, vacation less and eat in more. They won't because they want everything and just want to blame the other generation. That is why Dave, deservedly, clowns on you all LOL
@nashmonti1206 ай бұрын
@@hvaball150those homes in Tulsa probably need 6 figures of work on them, that’s why they are so cheap.
@hvaball1506 ай бұрын
@@nashmonti120 make a 5 minute web house search before saying this. You wouldn't say it then. $50k might require $100k of work. But most of the $150k are move in ready.
@nashmonti1206 ай бұрын
@@hvaball150 I just think you are full of shit, and if they are that cheap it’s for a reason. Every where I’ve ever lived the cheap houses are in the shit part of town
@joreyn76566 ай бұрын
My home is up 100k from when I bought it in 2019. That's a 31% increase. My income has gone up like 4% in that same time. Between the price increase on the home and the increase in interest rates on homes now, I couldn't touch my house today.
@hvaball1506 ай бұрын
Did the population grow? If it did, prices go up more. You won't buy the same house for the same price or even same relative price. Often one can't afford to re-biy their same house. This is normal.
@Will-jg2zs6 ай бұрын
Nah, you would just have to make more money, budget for a bigger house down payment and consistently stay out of debt. If you were searching for a home, you could do it.
@clc4776 ай бұрын
In construction the wages have dam near stayed the same for 20 years so dam right middle class is gone
@Will-jg2zs6 ай бұрын
Then you need to specialize in construction or find a better trade. If you are a general grunt, yea you won't make a lot, that is why you have to move up and get some skills to do bigger things, like the wrecker, crane operator, truck driver. But to say that wages have been stagnant for 20 yrs is a total lie LOL
@ryukirito26166 ай бұрын
A house down my street in Corona, CA is going for $839k! 3 bed, 2 bath, and 2000 sq ft home. Next to the freeway with homeless around. Tell me again that housing prices aren’t too high!
@hvaball1506 ай бұрын
3/2 in Tulsa.
@ryukirito26166 ай бұрын
@@hvaball150 I should move to Tulsa.
@hvaball1506 ай бұрын
@@ryukirito2616 or somewhere where house buying is supported. If you can tolerate that place 😀. It sounds like you live in a rental area, so if the rent is fine stay there and ignore houses.
@elizabethw.4546 ай бұрын
I will never stop whining about it. My boomer parents paid $20,000 for their house. I can buy maybe a teepee with that.
@macpduff21196 ай бұрын
Yes, houses were cheaper but salaries were also a LOT lower. Our first house 1971 was a horrible fixer-upper for $15,000 but my engineer husband and I only had combined income of $17,000!!!
@justaperson8036 ай бұрын
@@macpduff2119I would give my right arm to find a fixer upper house in my area that's just slightly above 1 year of my salary... Houses in my area are now 6x our household income. Y'all had it good.
@zeloto6 ай бұрын
@@macpduff2119 average house prices were '$23,000" back in 1970 which calculated for inflation is $176,000 in today's money (not even close to the 400,000 average today. Australia even worse its about $600,000 USD across the country
@elizabethw.4546 ай бұрын
@@zeloto exactly thanks for pointing that out. My parents say the same thing - "wages were lower" ..
@Will-jg2zs6 ай бұрын
Then that makes you a victim, cry harder.
@Xanatos_Clutch6 ай бұрын
Looks like someone's going to be an honorary guest for next year's World Economic Forum.
@loricairns34596 ай бұрын
Perfect comment!!! 👏👏👏 “You will own nothing and be happy.” Now, “Quit whining.”
@mattcollins45506 ай бұрын
HA HA HA HA this wins the Internet today!
@00_DJS6 ай бұрын
The average house price in my country has risen from 180k to 500k (!). The average salary has risen from 32k to 40k. But boomers that have made their money and still make their money in property keep laughing in my face while telling me my generation just sucks. Every house that is selling for 500k+ has on average 50 people trying to buy. Dave you lost the plot, mate. This is the last time I have listened to you spouting your outdated advice. I hope your kids know better or else they will never ever succeed in this new world. Unsubscribed but I wish you the best. Kind regards from the Netherlands 🇳🇱
@Mareno336 ай бұрын
Bye 😂
@00_DJS6 ай бұрын
@@Daph2023 Duplexes are not allowed to be lived in over here, nor trailers nor any other alternative housing. Our pulsation grew from 15 million people to 17.9 in a few years, no houses were built whatsoever. Indeed if I want a house I have to be the first amongst the fifty and pay 200-300k more so the others don’t still buy it. 800k for one of the cheapest homes. Dave is not right sometimes, and this time it’s to big for me to take him seriously ever again. The only thing I can and will do is emigrate from here to somewhere better. It’s the only way for us.
@chrisbrown74996 ай бұрын
Bye, Felicia.
@Sizukun16 ай бұрын
Millenial with a paid off house: I was considering selling my current house and going even further from a metroplex. I can only afford to buy a couple acres of undeveloped land. Then I'd live like a hobo in a tent on my empty land. This is all after my house value went up $150,000 over 4 years. I'm fortunate enough to have a paid-for house, but now it feels like I'm trapped here.
@hvaball1506 ай бұрын
No, you can sell your house and buy one some where else. Most likely.
@travisfyne93166 ай бұрын
Betchya the zoning laws prevent ya from camping on said raw land, i know cause i have had similar thoughts
@hvaball1506 ай бұрын
@@travisfyne9316 for 2 acres, generally one can obtain a permit to live there. Or perhaps a bit more than a tent...like RV or mobile home. However, yes you are right that some areas will not allow it too. For the amount of money he was talking about ($150k plus what he bought it for), he could buy an entire hunting camp already setup! Business in a box...
@diannescully6 ай бұрын
In 2019, the average salary for my position in DFW is $50k. In 2024, the average salary for my profession in DFW is $50k. I got forced out of Dallas in 2023 when my rent went up $200. I now live 1 1/2 hours north of Dallas in the middle of nowhere back at home working 3 jobs trying to save up for rent and I can’t even almost save up for the houses here in the country. Calling a spade a spade is not whining. We can say it’s hard and that doesn’t mean we’re lazy. We can say the systems broken and in that doesn’t mean we’re whining. Honestly find it so embarrassing when Boomers talk like this. You have a lot of good advice, Dave, but you’re wrong for speaking down to us like this.
@aolvaar87926 ай бұрын
in 1957, my Father bought a $6K home, >>> at $3/hr wage. LESS than a year's worth of wages. That home is Now $500K. OMG, it should be $80K.
@hvaball1506 ай бұрын
Why? Is the population the same as when he bought it?
@aolvaar87926 ай бұрын
@@hvaball150 I bought my house in 2011 for $50K. ONE YEAR'S worth of Wages. I make $80K, now That is why the: OMG, it should be $80K not $500K.
@zachjones23466 ай бұрын
@@hvaball150 More than 100 million more people competing for the same amount of land. People would rather cry instead. lol
@hvaball1506 ай бұрын
@@aolvaar8792 my question remains unanswered. I'm answering your logic flaw for you. Population.
@hvaball1506 ай бұрын
@@zachjones2346 the rate is even more dramatic than that in some metros where median prices are calculated. 6x, 10x the people.
@eggman97136 ай бұрын
For how much emphasis Dave places on having a family and having many children and grandchildren, he sure doesn't seem to think that a median house should be affordable to start said family. A responsible couple will not start a family until they have enough money to buy a place they can afford and that is suitable to start a family. The problem is because house prices have inflated so much faster than wages, by the time that couple saves up enough, biology bites them and they can't have children at all. You can't have it both ways unless you want to raise a family in a crappy apartment in the bad part of town, which has an influence on the children and how they turn out whether you want to admit it or not. You can't have it all ways. So either you go anti-natalist to afford the house that you would have used to start a family, or you bring up your family in a negatively influencing environment. Those are not good choices for most people.
@paperthinpizza6 ай бұрын
**HERE IS THE MATH PEOPLE** According to the US Census In 1963 the average US household income was about $6200 per year. So that means Dave's parents paid about 2x their annual salary at 4.5% interest as he stated. TODAY, the average US family income is about $77,000 per year and the cost of the average home right now is about $385,000 with current 30 year fixed interest rates of about 7%. So that's about 5x the annual salary. What does this all mean?.... The average price of a home right now is about 2 and a half times more expensive today than it was in 1963. If you factor in the higher interest rated that puts it at more like 3 and a half more expensive. Not to mention all of the other expenses like food and utilities are exponentially more expensive compared to the lower rate if increased family income. Dave Ramsey does not understand math at all. The bigger issue is the fact that we now live in a global economy, a problem that his parents never had to deal with and guess what, America is sliding on the global economic level while places like China and India are catching up. Dave's parents home went up 33x in value over 50 years, do you really think your 400k home today will be worth $13 million bucks in 50 years? Heck no and you know why, IT'S THE GREEDY UNREGULATED GLOBAL PRIVATE SECTOR. THEY WILL HAVE EVERYTHING AND YOU AND I WILL HAVE NOTHING! But we do have shorter life expectancies and higher retirement ages to look forward to so flip a coin because if you're under the age of 50 living in American you basically have a 50% chance of being dead and buried before you reach retirement age. The irony is that we will all be slaves, regardless of our color. As our society collapses perhaps this is perfect irony for us white folks, that we should become slaves along side all of our fellow American slaves to the corporate greed. I guess karma is a bitch.
@ceem78956 ай бұрын
I bought a home right out of college in 2012 for ~$115k. That same home today is $250k+. I had to sell my home for less than it was worth due to marrying the wrong person. And now I’m making more money, plus working a second job where I make equally as good money. Still can’t afford the payments on a $250k house. And I can’t move any further out, I’m already in the country. Dave is just out of touch on this one.
@macpduff21196 ай бұрын
In the mid 1950's, six town homes were built across from our Bronx NYC home. We lived in a nice neighborhood of single family homes near bus and subway lines. I remember my parents gripping about their outrageous price of $12,000-$14,000!!. Zillow lists the same townhouses today selling at $750,000 - $790,000! I make my point!
@jimmymcgill67786 ай бұрын
Stop yelling. So that house went up 33 times. Pay did not go up that much. In LA and NYC. 60 years ago, you can rent for less then $200 a month. Pay did not go up 33 times. Millionaires so out of touch with reality.
@lot21966 ай бұрын
No their not.
@Leife226 ай бұрын
Of course, you pick LA and NYC as your metric of a cost of a house. All over the country, houses don't start off that high.
@jecrpalier6 ай бұрын
Got news for ya. Houses didn’t appreciate. Your dollar worth less as they print it into oblivion but hey keep listening to boomer tales
@amireallythatgrumpy65086 ай бұрын
AMERICANS are out of touch with reality. That's the only reason they think they live in the greatest country
@jimmymcgill67786 ай бұрын
@@lot2196 Their not what?
@fakenattypolice83176 ай бұрын
No Dave house prices just went up 25 to 40% depending where you live but our salary only went up 3 to 5 so there's a big difference
@brianzarling90056 ай бұрын
Shut up Dave!
@Will-jg2zs6 ай бұрын
victim LOL
@ozera166 ай бұрын
I was planing to buy this house in 2019 for $240k but chose to study , now that house is back on the market for 690k. My wages have not gone up 2.8x
@CasperBritto6 ай бұрын
It's housing prices relevant to wages that's the issue. Dave always ignores this factor. back when his grandparents bought a house, women typically didn't work, there were less immigrants in western countries (don't make this a xenophobic thing, it's just fact) and jobs couldn't be done online by someone else in a different country. My point being: There's SIGNIFICANTLY more competition in the job market these days and thus wages are exceptionally low comparative to the astronomical asset price inflation we've seen, particularly over the last 3 decades. Affordable housing simply doesn't exist anymore. In the same Metros where people are spending >50% of their take home pay on rent we're also seeing record levels of cash purchases. The majority of house buying is currently being done by the extremely wealthy. It's the same thing with the record levels of migration to cities we're experiencing in the west. People are flocking towards said rich people for work. Columbia has a smaller population than the UK but several cities that eclipse the size of London. Why? Because living out in the countryside is too expensive. The west is becoming an ever increasingly unequal country and unequal countries don't have cute little towns for ordinary people, they have slums for ordinary people. To say "it's the same as it always has been" is factually wrong. The middle class is dying. Wealth disparity is growing. The west is falling. I don't mean to doom post but the facts all state this. I also say this as a man who is in the top 10% in terms of net worth for my age. And even I feel broke.
@TK-4316 ай бұрын
Never made more than 55k a year- wife has not worked outside of our home. We bought a house. Had to make concessions about where we lived, and what we spend. People have to make hard choices, but complaining about it isn't going to fix the problem.
@CasperBritto6 ай бұрын
@@TK-431 Totally agree but that doesn't change the facts.
@HOLDXSTEEL6 ай бұрын
So blame immigrants?
@amireallythatgrumpy65086 ай бұрын
Average wage was 10 cents an hour back then.
@HOLDXSTEEL6 ай бұрын
@@amireallythatgrumpy6508 what time are you talking about? 1963? The average wage was 2.98 😂not 10 cents
@sherryr12226 ай бұрын
I live in the least affordable city in Canada…I worked a second job for 3 years to pull together 20% on a sub 400 square foot shoebox….just to get my foot in the door. People thought I was crazy working all the time and spending nothing on anything - and then buying that tiny home in a sought after neighborhood …but I was able to turn that first home into my current, comfortable home in the suburbs. I agree, make a plan and figure it out. It’s always been pay to play
@Niko-7776 ай бұрын
Another person who understands how real estate works!
@jasonrodgers90636 ай бұрын
I'm now retired and own my home outright. MY next move will be to the cemetery! SO glad I don't have to try and cope with this housing market!
@Sexy40baby16 ай бұрын
I'm not even retired and I feel the same way. I can't afford to move and buy again unless I want to be in financial stress
@7CardFlushPoker6 ай бұрын
So he wants us to cash flow a $30-$50k college degree, take on no debt, save, then live on the ring 100 miles away from town because it’s all that’s affordable? GOD he’s so out of touch.
@Will-jg2zs6 ай бұрын
If you invest like, $10-15k in a 529 account from when your kid is 1 yrs old to 18, that will cover more than you need for college. Also that is not even investing anything else into it either lol, being debt free is easily attainable and what everyone should strive for so they can afford college and that goes into your third victimhood point. Being debt free will allow you to buy a home closer to work, or where you want to live because you will have the margin to save up for a bigger down payment. You are out of touch LOL
@7CardFlushPoker6 ай бұрын
@@Will-jg2zs yeah, but my parents (along with millions of others) DIDNT invest $10-$15k in an account for college, so your point is moot. I’m not trying to be a “victim”- I live within my means, and I’m on the ring 40 miles outside of the city I work in, I just think his idea is out of touch.
@TheseEndlessNights6 ай бұрын
The arrogance he has while being completely factually wrong is astounding
@joyariffic42176 ай бұрын
Noooo. In Australia, Even in the boondocks of small towns, houses are breaking the $1 million dollar mark. I am doing what I can about the situation, but I will continue to complain about this situation
@EricMoore7906 ай бұрын
My wife and I rent an apartment with her yoga instructor. I'm glad my wife has company while I am at work.
@ThugmartinАй бұрын
I really needed this video. I’ve watched too many videos talking about inflation, corporations buying single family homes and the “average home price in America in 2024.” Those may be serious problems but I’m not called to take on the world’s problems when I can’t even figure out my own. My wife and I are going to get out of debt and buy a home someday because our God is way more powerful than any corporation or world super power. Men with nothing to lose may be dangerous but the men who have their entire lives to lose will move hell and earth even if to make a statement to the universe.
@yarrdayarrdayarrda6 ай бұрын
What Dave should acknowledge here is the Ramsey "15 year fixed spending no more than 25% (or whatever their figure is) mortgage" mortgage for the average family is getting damn near impossible for most households.
@amireallythatgrumpy65086 ай бұрын
Home owenership in general is damn near impossible for most households, so...
@worldnomad23016 ай бұрын
Where I’m from, the way they are tackling this problem is by capping who can purchase certain single family houses. These are brand new houses built in a neighborhood, and if you make over a certain amount, you don’t have access to that home. They are also building very nice modular homes (not trailers), which allows the owner to put the home where they want, and it’s income based as well. This will allow the middle class to remain in these gentrified inflated markets.
@csx69106 ай бұрын
We're looking. Know how fast decent houses are going? Two days. Literally. Even if you have the money, you have to be able to move at lightning speed.
@hvaball1506 ай бұрын
Durr... Maybe that good value house will just sit there and wait for you!
@csx69106 ай бұрын
@@hvaball150 I imagine you think you had a good point there. You don't. MY point is that the ENTIRE market has changed, not just cost. People are buying property will little to no knowledge or inspection adding a new factor to consider.
@zachjones23466 ай бұрын
@@csx6910 Maybe in your area but in my area houses are on the market for several weeks. Go to a better area.
@Cookieboy706 ай бұрын
@@hvaball150 You clearly haven't been in the market recently. You literally have to move as fast as possible. I almost didn't close on my house 3 years ago because my funding was delayed by 2 days and the seller wanted to move on to the next offer despite all the paperwork being signed and all the other steps completed.
@hvaball1506 ай бұрын
@@csx6910 it's not new. Decades old. Offers the first day. Heck, I bought in 2010 and offered the day before it went on MLS. It takes minutes to make an offer.
@acrane11006 ай бұрын
I work a commission based job. I started in 2021 and made $37K my first year a little over 50K my second and last year I made almost 90K. I've spoken to multiple lenders. They consider 3 consecutive years and then take the average. So even though I will make at least what I made last year for the foreseeable future they will only give me a mortgage based on an income of 60K. Homes in my area are $240-300K for a 3BR/2BA and no one will give me a mortgage. In order for me to afford a decent home I will have to wait at least TWO more years making at least what I made last year.
@olddog47486 ай бұрын
Dude is the epitome of "OK, boomer"
@amireallythatgrumpy65086 ай бұрын
No intelligent person ever said that (or lived in America)
@olddog47486 ай бұрын
@@amireallythatgrumpy6508 how did your testosterone test go? How low is your T?
@amireallythatgrumpy65086 ай бұрын
@@olddog4748 Certainly higher than anyone who feels the need to troll with multiple accounts...
@olddog47486 ай бұрын
@@amireallythatgrumpy6508 sorry about the Low-T, bud. You can do it.
@olddog47486 ай бұрын
@@amireallythatgrumpy6508 hey bud, have you ever tried docking? Just curious.
@Rolando91flores6 ай бұрын
Here in Houston, Tx as early as 10 years ago, you could buy a new house for $80k. Those houses are easily worth 225k. When wages didn’t multiply by 2.5
@luc11896 ай бұрын
Millennial who has been able to purchase… unsubscribing. Done listening to his nonsense
@craigc18796 ай бұрын
I agree, complete nonsense.
@LittleMopeHead6 ай бұрын
Buh-bye!
@cutehumor6 ай бұрын
Savage dave owned ya
@luc11896 ай бұрын
@@cutehumor cute! Such an educational response 🥴
@amireallythatgrumpy65086 ай бұрын
Only stupid people unsubscribe to anyone for any reason.
@paulstandaert57096 ай бұрын
Dave's description of the problem sounds exactly like mine, and I am not a "boomer" like one would suggest. 21 years ago, i could not afford to live in the urban area, nor a convenient suburb. So, I had to play my cards differently than everyone else, and it worked. Housing may be a larger percentage of one's income these days, but i could write a book about how many other things are a LOT cheaper and the whole economic situation is very much the same. The issue is that people dont work enough and blow their money on crap they dont need.
@John3.366 ай бұрын
Real Title: Man in Glass Castle throws bricks.
@stitchbmx6 ай бұрын
Here in the portland metro area, theyre reporting you need to make 6 figures to get a decent house. My parents bought a house for 160k in 1988, my father sold it for 256k in 2006. That same house is now going for $600k+. The pandemic screwed a lot of people in Vancouver and portland for houses. Its soo far out of reach. I make 55k as a automotive technician and can barely afford rent.
@grayandgray6 ай бұрын
Sure, I could buy that $500K house today from his grandparents. Except the house my parents bought is now $1.6 million...The townhouse I did buy 12 years ago, I couldn't buy today either. there is a thing here.
@sarscov98544 ай бұрын
My dad bought a house in 2002 for $90,000 in a small town in California. On Zillow, all the houses in that neighborhood are listed at ~$320k.The house appreciated at an annualized rate of 5.2% for the past 22 years. Inflation is supposedly supposed to be 2%, according to the fed.
@tylersanders23886 ай бұрын
His employees know the truth but won’t challenge the boss. It’s inordinately expensive to buy now compared to any point in American history. An average person working an average $50k a year full time job cannot afford a single family home comfortably today. An average worker making $30k in 1990 could afford a single family home comfortably. I’m not saying it’s impossible and I actually did it myself just last year, but I’m saying we currently have to make compromises for homeownership that our parents and their parents didn’t have to make.
@9liveslisa6 ай бұрын
I remember in 1969 my Dad bought a house for $75K and it was an arm and a leg for him, but my parents had divorced the year before and then my mother died and he had 4 kids he had to house. Fast forward 37 years when my father passed away the house was sold for $2.6 million. I was flabbergasted. It was a nice house in an affluent neighborhood, but it was not worth 2.6 million IMHO. It sold quickly. I never would have paid 2.6 million for it. lol!
@danieljohnson44186 ай бұрын
I purchased a new construction build in Arizona in 2022. I now work remotely for my employer and reside in Knoxville, Tennessee. Housing is far more affordable in Tennessee, but the wages are also far lower. It seems to me you either purchase a home on a 30-year fixed rate mortgage (what I have done) or live in a former trap house using DR's recommendation of a 15-year mortgage.
@Elizabeth_lowkeyluxuries6 ай бұрын
Exactly!!
@swager1016 ай бұрын
I remembered reading that you need over 70k in order to by a house. Also according to your principles (15% 401k, 25% house payment) you would need about 75k (not including taxes) in order to buy a 400k house. I agree with many people here saying that housing is overpriced. Heck I can't even rent an apartment because the pay to rent is not worth it. I would have to live paycheck to paycheck with no future saving (to get your precious 20% down payment).
@hvaball1506 ай бұрын
So buy a $150k house...
@swager1016 ай бұрын
What $150k house? They don’t exist.
@Jaybird-be1tt6 ай бұрын
If you're a multi millionaire is easy to talk about the housing market.
@Will-jg2zs6 ай бұрын
He got that way by following principles that he tells other people to follow. Nice try though.
@Jaybird-be1tt6 ай бұрын
@@Will-jg2zs that is fine. However, sometimes I think he forgets where he came from. Not everyone is meant to be rich, and times he comes across as being aggronant.
@Will-jg2zs6 ай бұрын
@@Jaybird-be1tt No, I 100% disagree with what you said. Everyone, through good money principles and discipline can be rich in America. It isn't something that one is "destined to be" rich. Rich people do, rich things, like consistently invest in their 401k, stay out of debt, get a marketable skill that is transferrable in the marketplace to make serious cash. All what Dave said here, was spot on.
@Cpix386 ай бұрын
@@Will-jg2zsSo only the rich deserve to have a home? Screw delivery drivers, food service workers, nurses. First responders. Only CEO’s, brain surgeons, lawyers deserve to live comfortably. Am I getting that right?
@Will-jg2zs6 ай бұрын
@@Cpix38 Yea, that is exactly what I said you clown lmaoooo of course not. I said, rich people do rich people things. Lower income earners can, budget their money, live debt free, cut up the credit cards, work towards an skill/trade that can make them a lot of money. It's called saving up for a home you victim lol but you probably haven't even read this far because you think that poor people are unable to do the things I just mentioned
@dkid01015 ай бұрын
it’s amazing that you could be completely honest about prices but yet some folks still find a way and Twist it to say stop playing victim, but in reality we are victims at the rate prices are going. We are victims of inflation
@Unrealisednostalgia6 ай бұрын
For someone who claims to use math, you seem to LOVE ignore it when you cant use it for your narrative.
@ToothBrush5316 ай бұрын
The current wage to house price ratio is not the same as it was for your grandparents back in 1960. It’s not comparable.
@opticallyaustin6 ай бұрын
Man Dave really hates it when reality makes him wrong/ a villain so he has to gaslight his listeners lol and I’m a freaking home owner dude. EVERY WHERE is unaffordable. EVERYWHERE wages do not reflect the cost of living IN THAT LOCATION. sure, you might be able to get a house for 200k in the middle of nowhere, but guess what economic opportunities are in the middle of nowhere lol
@Will-jg2zs6 ай бұрын
Make more money then, it's not this hard. Dave is 100% right lol
@nashmonti1206 ай бұрын
@@Will-jg2zs”just crap money out of your ass!” Dude there’s only so much time in a day and believe it or not I like to spend time with my family and do other things too, I shouldn’t have to work 60+ hours to not be middle class
@Will-jg2zs6 ай бұрын
@@nashmonti120 No problem, you are choosing to spend more time with your family then grind out 60 hrs per week. Don't expect home sellers to sympathize with that, they want the most for their money. You will just have to wait a little longer to purchase a home, if you don't already have one. And if you, budget, be debt free, live on less than you make, you wouldn't have to work 60+ hrs a week and feel like you're middle class. Listen to Dave more
@droptozro6 ай бұрын
Property prices went up from $3500/acre to $10k/acre in my small city country area in 8 years. No complaints about it? Time to grow land vertically for farmers.
@oboe23able6 ай бұрын
A milllionaire with a massive real estate and rental portfolio thinks we shouldn’t whine about the price to purchase? Shocking!
@johnsyler85806 ай бұрын
I bought my house 19 years ago with a 100% VA loan. I had other debt as well. I have no regrets as the house I bought has doubled in value.
@dnllamb6 ай бұрын
Home prices are way the f too high
@Will-jg2zs6 ай бұрын
make more money then
@dnllamb6 ай бұрын
@Will-jg2zs doing my best to do so, but home prices are still way too high
@Will-jg2zs6 ай бұрын
@@dnllamb Nobody is saying that you have to come up with the entire amount. Budget, and save for 20% then boom, you got yourself a home. It'll take 7-10 yrs paying it off, but that is okay!
@95TRY6 ай бұрын
Dave forgot to mention that you can also choose to elect politicians who are able and willing to change and introduce policies to drive down first time home prices.
@amireallythatgrumpy65086 ай бұрын
No you can't because such politicians don't exist.
@lucascobrea54455 ай бұрын
I agree that it’s always been tough to buy a house but people have made it work. I think the thing that is disheartening is that the margin for first time home buyers is so much higher due to cost of living across the board going up causing more of your income being allocated elsewhere. The portion of income that is being spent on things that are truly necessary such as housing and basic groceries is making it more and more difficult to save up a down payment of any substantial amount.
@itamchi90846 ай бұрын
Everything is expensive its getting more difficult
@hvaball1506 ай бұрын
Dave's right. Housing was typically harder pre 2000 than post 2000. Interest rates. Salary multiple of house buyers. With the caveat of trying to move to the same population area. Pick 1960. Pick 1984. Compare to Tulsa OK today.... Where you can get a $150k house.
@macpduff21196 ай бұрын
I'm a Boomer and our first house was furnished with bookcases made out of bricks and boards. Our DR table was a piece of plywood on saw horse with a tablecloth. All our money went to a 7 1/2% mortgage and food. When we lived in Plano Texas 1975 we had cotton fields across from our new ranch, - we were out in the Boonies. Now Plano is a major metropolitan city. It's a process for each generation, - takes time
@hockeyislife676 ай бұрын
The problem is in the pebble. About 30 years ago if you worked in the big city you could earn enough to buy in the first ring (Which is the case now if you move to a relatively small city). In 2023 if you work in the city the entire ring is already bought up by people who purchased 30 years ago, which means either you buy in the second ring (and have a 30-60 minute commute), or you up your income to where you can afford the first ring at a premium. Yes prices overall have gone up in comparison to wages but its simply because there is only so much space in that first ring. At a certain point it kind of plateaus, as more and more people move to the area surrounding the primary city, the "ring" that someone starting out in a job can afford moves further and further away people find it is no longer worth it to commute to work... that is when either a separate pebble gets created (a new city that develops the same way) or it just stabilizes.
@hvaball1506 ай бұрын
Yes. That is how a mega city works. You will be swamped if you don't buy during the expansion...until later it will be cheaper to rent. You have to know this and plan accordingly. People who complain just don't understand but think they do. Dave just explained it.
@hockeyislife676 ай бұрын
@@hvaball150 exactly, there isn’t an issue with this system it’s just how things work and people have to realize the math. You don’t just get to live in XXX cause you want to.
@guccithunder61366 ай бұрын
1:19 yes cause it’s True. Says he know housing prices have gone up, yet still tries to justify on how we should be fine with it. And then you got all the ‘Yes Mans’ there that have to agree with him or else. It’s not whining when we’re simply just telling how it is
@jacobm10016 ай бұрын
In 4 years central New mexico is up 25+% . North Western Arkansas where we wanted to move is double. Dave is out of touch with reality. Good man. Wise teacher. Dead wrong on this .
@amireallythatgrumpy65086 ай бұрын
All Americans are out of touch with reality. That's the problem.