Is It Smart To Buy A House In Cash Right Now?

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[@alexandertremper3699]

How on earth are you gonna talk to a 28 year old who claims to have gone from 60k in debt to 500k in cash and not ask him what his companies actually do?

[@kaohsiung99]

Probably air conditioner repair.

[@Matt-nq4du]

Drugs

[@revellations7741]

@@Matt-nq4du Municipal Aid for Prescription Medi-care

[@lacoradancy6329]

Who knows in Miami!

[@barbieblue3336]

I know, seriously

[@HoneyDooDoo]

*FBI AND IRS has entered the chat*

[@sb9697]

You made me laugh 🤣 lol

[@Momtocam1997]

They both need to be chasing Hunter.

[@Josh-ii1eq]

dead.

[@venkatasrikarpullipudi461]

Haha.😂😂

[@webfreakz]

Caller: have 500k+ in saving Also caller: "it's rough out here" lol

[@bc123g]

calling the housing market rough not income

[@absi1155]

He is making money because he is not married yet 😂😂

[@duclostchabo9822]

The lady even said if he marries his gf now she will have a say in the home he wants to buy eventhough she probably put no pennie toward it.

[@valeria-militiamessalina5672]

Some marry well, some very well and for many it's a disaster.

[@mambofuego5101]

Pharmaceuticals are a great business in Miami…🤣

[@coniccinoc]

Too competitive and dangerous.

[@mambofuego5101]

@@coniccinoc Funny, tho.😆

[@paridisenwinter3313]

im in love with the coca coca.

[@katiek.8808]

It’s always smart to turn Monopoly money into something of real value.

[@Jon-ko3vv]

Like tulips

[@kurticeberg4566]

KK

[@marleyjanim5033]

@@Jon-ko3vv correct

[@billchristianson3451]

Fool

[@kanenscott8883]

What was the tulip thing again? I remember some story about tulips and learning something important from it, could someone remind me?

[@johnSmith-uz8nl]

There are only a few things in life that will give you a low interest rate, one of them is a mortgage. I am OK with paying cash if you plan on getting a mortgage but I feel now is not the time to buy. One of my regrets is not buying a condo in a high rise in Miami during 2011. They were going for 140k and today are selling for 850k.

[@willruiz305]

Agreed! I’m from Miami and remember that time were there was an influx of condos that were vacant.

[@johnSmith-uz8nl]

@@willruiz305 Stupid me... I did invest in inventory local to where I live and I did make gains but not like the high rises in Miami. I purchased one property for $100 and today it is worth $350... so I did not do to bad.

[@truckingmoney485]

Everything we think is high today will seem low one day

[@johnSmith-uz8nl]

@@truckingmoney485 if there is a global recession... prices will fall, that is what I think.

[@twincherry4958]

What!!!!

[@aznfootballplayer]

Didn't say his "business" so he's hiding something lol

[@jimmymcgill6778]

Yeah right

[@dmdproduction1328]

Exactly ‼️

[@ginoturano6821]

What kind of busines

[@jasondawkins2680]

Hiding something

[@twincherry4958]

Oh kiddos 🤣🤣🤣

[@tj.marten]

Someone can make 500k a year and not feel comfortable buying a house… I’m doomed

[@webfreakz]

yeah he said "it's rough here" lol

[@427060]

He's not comfortable buying the house because there's no established history of earnings. Easy come, easy go.

[@kaohsiung99]

He didn't say he makes that much money every year, did he?

[@webfreakz]

@@kaohsiung99 regardless, it's still half a million cash 😐

[@hacatan24]

Pretty sure it's an inheritance

[@paulchakola7372]

Glad to hear this guy is making so many good moves.

[@kennethb6211]

By leveraging good debt interesting concept.

[@Mr_Fairdale]

Florida has Flex neighborhoods and also Flax neighborhoods too! The state attracts both young and old alike lol

[@maryk446]

Possibly, the guy inherited 500K from a relative (most likely a parent) and is embarrassed to admit that he didn't make the money through his business.

[@alexandertremper3699]

That wouldn’t explain his expectation to make 200-250 more by the end of the year or however long it was

[@ryankiel4895]

Yeah, a 28-year old guy who says that he has saved up half million dollars makes me very skeptical of that claim unless he really is a fabulously successful businessman.

[@matrixfree3480]

@@ryankiel4895 It is Miami...products from S. America🚢🔫🚬.perhaps...

[@kbanghart]

@@ryankiel4895 yeah it's miami, I don't think it's that difficult to make 500k from a small business there.

[@Uncleclara]

JESUS, this comment section is so DUMB. No wonder why you guys will never be financially independent. I’m 24 years old and I make close to seven figures already with e-commerce. It’s never been so easy to make money these days, Stop acting like Idi*ts please.

[@miniprepper8284]

I think I would take half of that and put it into an acre outside the developed areas- it's cheaper, less volatile and holds value.

[@sexyhotsiren7118]

Awesome im starting my journey today 😊

[@maryfields877]

If you love the house, it's a no brainer. Paid in full!!!

[@marlonmarlon3496]

Is not about love. Property is about business

[@maryfields877]

@@marlonmarlon3496 Okay, your point?

[@marlonmarlon3496]

@mary fields if you don't see the point ,you need help. You don't fall in love with a property when you invest. Period...it's a business not pleasure.

[@christopherhutchens8077]

What if it's in Saint Louis Missouri and there has been a population decline for the last 10 years. Murder capital of the USA.

[@libbysworld7649]

Dave is awesome!

[@realfedfacts5265]

Dave went from telling people not to panic buy houses, to now telling people in almost every video that it’s the best time to buy. I think he realizes how much it’s slowing down and has a little bit of stake in the game

[@BelieverStarcraft]

Lol….. you know nothing about economics stop Boeing jealous

[@des711]

He would still say for people not to panic buy today. He will also say for people to buy today, if ready. Two different ways of buying.

[@Jacob-ed1bl]

You just repeated the same thing in your comment. I'm guessing you left some words out or poorly wrote what you're trying to say. "not to panic buy houses" , "it's the best time to buy" are both telling you to buy.

[@mklr482]

As much as I like listening to Dave, it’s important to know that up until late 2008 Dave vehemently denied that we would be going into a recession at all. He may be good at reducing debt but his track record with economic predictions is pretty bad.

[@joeschneider3894]

Dave: I don’t hear an emergency hear for you. I do want you to buy in the next three years, but not in the next three months. This guy with the word “facts” in his name: Dave wants you to panic and buy something immediately because he’s selfish and wants your money.

[@theflightsimulationexperie6894]

What on earth does this guy do to earn that kind of money? He wasn’t very vocal about that. I smell suspicion.

[@defenderofdecency7218]

Maybe he wants to keep his business a secret. What’s wrong with that? I think it’s a brilliant idea to keep your personal & financial info to yourself and not share it at all.

[@twincherry4958]

@@defenderofdecency7218 I'm starting to think the same

[@parkerbohnn]

Drug mule.

[@Iamchristaelaine]

Good stuff

[@Benzene75]

Well done, Michael ..

[@todd2456]

If you look at places for sale in Miami between $300 - $600K, there are 598 listings and very few are 1/1s. Most are 3BR.

[@truthserum5310]

I live in Miami. Depends on area. If you want to live in Brickell, Downtown Miami, Midtown, Coconut Grove, Coral Gables, Pinecrest, you won't get a 3BR for 300-600K.

[@todd2456]

@@truthserum5310 blah, blah, blah ....

[@MuffinTessee]

He calls Dave "cash only" Ramsey to ask if it's a good idea to buy a house in cash. What does he think Dave is gonna say??

[@JSabh]

That was great advice. Today, 1 year later, those same homes are half the price.

[@tasmusicoffcial]

Where are you where you can buy a house in cash , vancouver is too expensive still

[@videossati]

Can I get that book, please?

[@magaritaavila8535]

What exactly are those companies?? We would like to know details!!!

[@ines2241]

Loved to hear more on how he got 500K+ at 28... LOL. Quite the "entrepreneur "

[@hacatan24]

Inheritance

[@parkerbohnn]

My horseracing tips like Sylvia Hanover and Buttercup Hanover.

[@mhsidibe1]

I was waiting to hear what exactly he does, but I didn't hear it. I would like a piece of that!

[@jimmymcgill6778]

And there are lots of millionaires that didn't have a paid off house before they became one.

[@johnSmith-uz8nl]

Yes, I would have to say most millionaires did not have a paid off house. But per Dave, on average... it takes 10 years to pay off a mortgage but I wonder how many cash buyers this included.

[@03c5z]

I had a paid for house before I was a millionaire. It was a mistake.

[@johnSmith-uz8nl]

@@03c5z I paid off my mortgages early and I also feel it was a mistake.

[@mannyjeanpierre4062]

@@03c5z why do you say that?

[@mannyjeanpierre4062]

@@johnSmith-uz8nl can you please elaborate further on why you feel this way???

[@JosiahK555]

The only reason to buy right now is if you have the cash to do so. Dave keeps saying houses won't get cheaper. I think there will be a crash where they will be cheaper within 24 months. Until then pile cash, especially if you don't even have the 20% down...

[@RebeenAmin1980]

I’m waiting to started buying a duplex to rent out.

[@Videpedia101]

Won't happen. The rate of increase will slow but houses wont ever get cheaper again

[@davidharman7245]

Interesting opinion Josiah, I'm totally hooked. Do you anticipate the crash affecting different parts of the US in different amounts or all the country the same.

[@unspokentenacity]

@@Videpedia101 yup and with the interest rates the way they are you are actually losing buying power. Seen a few sites do the math. The stuff from CNBC might be false (idk) but it states that you actually spend less in the long run on a high cost home with a lower interest rate than a cheaper home and a higher interest rate. 30 year mortgage was used in examples.

[@ColdSprite]

@@rickysoulless6534 they have and are . I was under contract on a townhome for 335 when listing price was 375, people getting desperate to sell, I pulled out .

[@Jim_Curtis]

This guy needs a prenup if he gets married to his gf. A future divorce could ruin all of the hard work and money he's saved up.

[@aolvaar8792]

Wholly owned and titled as: Unmarried Man, Sole and Separate property

[@The.Dude.Abides.]

“Hey Dave, I wanted to call in to waste everyone’s time by asking a question I know the answer to and that you will agree with as well as score some brownie points over a phone call. Can you help me?” 🤦‍♂️

[@front331]

On my way to the bakery right now. Dave, haven't forgotten about you.

[@leemp337]

it's called "humble bragging" some people need validation.

[@cl8wnm5n]

😂😂

[@JB-ie3vo]

Wish they would have asked what he did for a living?!

[@hadleycontractor496]

Unless this woman knew you when you had nothing do yourself a favor and don’t ever marry. Unless you want to plan on losing half

[@alinatamashevich3354]

Wise words

[@twincherry4958]

You don't have to show off when dating. The people you date do not have to know your net worth..smh

[@alinatamashevich3354]

@@twincherry4958 My thought is, if they cannot figure it out....too bad, so sad.

[@brendakrause5639]

Can he move out of Miami and still do good in his business?

[@nicholeknight1893]

Wow that's amazing

[@sarahgoss2655]

I’m pro buy a house with cash. He could buy a good multi family before first make some additional money plus the additional $250k from his business and then in a two year time frame buy his single family!

[@paridisenwinter3313]

500k at 28, the coca business in Miami is still good i see.

[@kaizenborntowin]

What business did this fine young man create?

[@HealthySkepticism1775]

I'll never be able to buy a home now.

[@bobsacamano7653]

things change

[@user-ne9wp8ve5u]

I’m on the same page.

[@Mj-kb6ig]

@@bobsacamano7653 they do. But who's narrative do you follow? Dave is saying prices never go down.

[@coniccinoc]

The fact that you are watching Dave Ramsey videos suggests to me you may be wrong. People who listen to his advise and then apply lessons tend to exceed expectations.

[@xfhnhhgjbvcfg]

If you keep stopping to yourself probably not

[@willruiz305]

He went into debt to become a half a millionaire. Noted 📝

[@alexlewis8143]

He paid it all off. And said it was mistake he learned from

[@willruiz305]

@@alexlewis8143 it wasn’t a “mistake” because without the debt part, he wouldn’t have the wealth he has today. Most successful business owners have to go into debt in the beginning to achieve financial success.

[@deltasteve1]

Well, I don't have and don't use debt and I am a millionaire. He's a short turn half millionaire.

[@johnSmith-uz8nl]

So this guy makes $500k a year???!!!! Dave loves fantasyland.

[@akui88]

no he HAS 500K saved up over a year... so his company makes over 1.5-3 million$ in revenue... idk what he does.

[@andidede3653]

@@akui88 there is really only a few things you can do that make that kind of money in a year, very very very successful business owner, drugs, marijuana possibly, ceo, possibly real eastate if he is that good, and thats about it

[@twincherry4958]

@@akui88 no one knows what he does 🤣

[@twincherry4958]

@@andidede3653 What kind of real estate can you make that much from in a yr!

[@andidede3653]

@@twincherry4958 maybe mutli-million dollars homes. Maybe

[@rnt45t1]

**sigh** another non-problem.

[@blackworldtraveler3711]

Seems like a problem to me. Not everyone that calls will be close to living in car or starving.

[@robloxvids2233]

Rachel got excited again. Young guy with good voice and money. Lol

[@thomask8298]

The guy financed a business and made it. Look at dave squirm lol

[@markf5653]

Don't buy the house before you marry especially if marriage is in your near term horizon. If you do then you will be selling it after getting married because she most likely will think it is the wrong house.

[@jimmymcgill6778]

You can buy before you are married.

[@LG123ABC]

Plus it will be "your" house and not "our" house. This is not a recipe for a successful marriage.

[@stkbloc9717]

You need to buy a house before because when that divorce comes she can’t take it you simp

[@handleyobusiness]

@@amyhood6562 So...did your hubby move in? If he didn't, then what's the point of making major life choices before marriage?

[@twincherry4958]

@Unknown Comment you know the deal

[@ryanweston9677]

We're in a huge bubble folks. Hold off on buying right now.

[@AshleyCherv.]

What about now?? Lol

[@KylerTony45]

Nowadays if you have a home in a decent neighborhood in California you’re nearly a millionaire. Dave’s book is out of date. In Los Angeles you are a millionaire if you have a paid for house.

[@parkerbohnn]

Where I live no homes are listed under 2.5 million.

[@Rew123]

I agree in the sense that you can't eat a house. So I think having 1 million in invested assets is a better contemporary definition.

[@imrana3618]

Honestly doesnt sound too smart to be having 500k maybe inherited

[@kkknotcool]

Generally you need to be smart to make a +$300k salary. To make a business that makes +$300k you just need to be clever. You just need to understand how to make a customer happy in one or two ways. Lots of dumb people are clever about one or two things.

[@Alpha_Anthony]

Bro only called to flex

[@angryox3102]

Definitely a Miami thing to do.

[@Theextremepessimist]

The caller is just bragging. If your capable to make 500k you don’t need advice. He wants clout.

[@yasminogbu8929]

I got that impression too

[@barbieblue3336]

What does he do for a living?

[@twincherry4958]

Serial entrepreneur

[@joeriveracomedy]

He should sell his business and move to norcal. They give away mansions here.

[@fearlessreview]

What part? All I’ve seen is high prices for Cali

[@johnnyhoang4444]

That’s great and all but he said “uh” about 20 times

[@johnwilliams8869]

What does the guy do?

[@reverbedvonacular]

"I managed to save up 550 thousand dollars" so your typical average Joe.

[@lows6427]

You realize 10% of the USA are millionaires. Not everyone is lazy.

[@2023Red]

do not get married unless you want a jailer

[@jeffweaver955]

So what are these “business ventures”

[@parkerbohnn]

Heroine drug mule.

[@JasonCarmichael]

Mortgage 6.13%.

[@migueralliart]

This is actually the same question I was having this week.

[@johnSmith-uz8nl]

And what is your question?

[@migueralliart]

@@johnSmith-uz8nl it's in the title of the video mate.

[@johnSmith-uz8nl]

@@migueralliart There is no question in the title???

[@twincherry4958]

Troll

[@JOSEPHINEBOUWER-zf5uy]

yes to can .and casch much better . and direct from the owner . Thankyou Ramsey it seems you are the only that agrees whit me JOSEPHINE BOUWER

[@jimmymcgill6778]

You can buy before you are married. And your GF can also move in with you before you are married.

[@handleyobusiness]

Doing major life choices "before marriage" is why this country is in chaos.

[@kaohsiung99]

Jimmy McGill is a bozo

[@kaypendergast5676]

Don't buy ... wait

[@wadesuhr]

What business is this?

[@bluegorilla1006]

Jesus saves. Love you guys.

[@nyonthemap617]

Still waiting for anyone to answer the f question.

[@HIRISK]

Sounds like he lied on his PP Loan

[@justtonee270]

Still haven't a clue on what this fellow actually does for a living

[@Yensen2020]

Michael, need an investor?? Sounds like you have a place to grow money in this environment haha 😅

[@krobdawg]

Whatever you end up doing, don't get married

[@RebeenAmin1980]

My biggest regret and I’m almost a millionaire. I’m worried

[@fhuber7507]

Dude.... stay single. Or get a good pre-nup... Dave is anti-pre-nup in general, but with the marriage failure rate, you need one.

[@kkknotcool]

A woman worth marriage shouldn't need a prenup.

[@fhuber7507]

@@kkknotcool Good luck with that.

[@kkknotcool]

@@fhuber7507 You wouldn't need luck if you are a good judge of character.

[@JS-sv4ol]

Ugh…house buying…most stressful topic ever

[@ericzz93]

So what does he do? Tf

[@dr.aquafeenfablue4086]

Pay a mortgage your rich own houses your WEALTHY you need to buy when you have over 200k if you don’t own any houses.it’s net worth law

[@valerieosborne16]

Move to Florida Georgia line. Cheaper.

[@jadyphan5892]

Dude, just don't get married.

[@michael1084]

Yes. Cash is losing money every day

[@parkerbohnn]

Holding cash beats losing all your money.

[@redgiemorris6424]

Definitely drugs 😂

[@teecee4459]

No, absolutely not. House prices are about to crash. Wait for it, then buy with financing.

[@RR-ze6lr]

Loan shark!

[@rebarguy4051]

This guy never said he hit tha jackpot

[@shannonzittlow8462]

Half price houses next year

[@aolvaar8792]

look, the sky is Red!

[@jayc4715]

Nope

[@shannonzittlow8462]

Yes I was wrong And even worse the rates went way up

[@jayc4715]

@@shannonzittlow8462 instead of half price houses they became double priced houses..with double priced interest rates 💩

[@akui88]

i have some questions, when dave asked what he did to earn that 500K$, the man shifted and changed the direction of the conversation without telling US what he does. what does he do to earn close to a million $ in less than a year?

[@barbieblue3336]

Yes

[@matthewgardner2144]

Cartel

[@Pkilla80]

When it's not a real person or a real story there is no logical answer

[@parkerbohnn]

Professional drug mule.

[@kelleyrancher]

I would not buy a house now at all the inflation everything is going to go right back down prices will be lower next year also if you notice whenever Dave ask somebody about how they made their money so fast and and how they made so much when they're so young they never want to reply that's probably cuz there's drugs

[@parkerbohnn]

Inflaiton wil turjn to hyperinfaltion and the U.S. dollar is going tio zilch average h9ome price will rach one billioon by 20230.

[@mccoyji]

No....lol But can he make the tax payment and put food on the table? Get a bad wife/kids and that will fix his wagon.

[@nosterpierre7353]

Miami $500’k house is nothing

[@tortiecat6459]

He could buy a palace in West Virginia with very low property taxes! Get the heck out of expensive Miami! Governor DeSantis is great, but very expensive real estate.

[@banesbox]

His first mistake will be marriage. Bank & date bro!

[@kathrynstokrp1874]

What does he do for a living? He was hiding it pretty well………

[@jayc4715]

Narcotics distribution

[@lukeharris2622]

🙏✝️

[@Mute2024]

Dude buy multiple properties outside of Miami smh…Is this guy for real?

[@carlosaguirre9643]

Baldy will be the richest man at the cemetery...

[@Danny-sx6cj]

What a stud!

[@tigreherrera4488]

Dave you didn't even answer the question

[@ericallen371]

It's shocking how uncreative people like this are. So many people making 100k-300k that have no idea what they can do. Baffling

[@brendakrause5639]

Is the girlfriend on board and debt free?

[@Enginshim]

This guy has Rich people problems!

[@Pkilla80]

I feel sad for people who think this is real.

[@everflores7386]

Just because you can’t do it doesn’t mean others can’t either

[@barbieblue3336]

Is he living with his girlfriend?

[@johnSmith-uz8nl]

I have a different mentality then Dave. I don't count your primary residence as part of your wealth.

[@alinatamashevich3354]

If you own it you do

[@johnSmith-uz8nl]

@@alinatamashevich3354 Let me explain to you... that I don't include my primary residence which is valued around $575K and has a paid off mortgage when I calculate my own wealth.

[@twincherry4958]

@@johnSmith-uz8nl doesn't mean you are right