I Was Given A House I Can't Afford!

[@2inchfromtheground]

She wasn't given a house, she was given a mortgage

[@LiftingGunsBibleTradition]

A house valued at $600K+ with $340K left is a bad thing?

[@ubbgn]

@@LiftingGunsBibleTradition Yes when u cant afford it!

[@NotShowingOff]

I don’t think she planned on dying. Plus. Gifting the mortgage is better than selling it while you are sick. This buys time for her daughter to sell it and get an adequate price

[@michaelweyenberg6238]

@@ubbgn lol, so you'd rather not have it?

[@AmberU]

Thats exactly what it sounds like to me 😳

[@JStuartofficial]

If someone ever gifted me a house with a mortgage its being sold immediately. Period.

[@canadianjatti]

hopefully it doesn't leave you with a loan after if you can't sell it above what is owed on it

[@qdllc]

If you didn’t sign the loan, you don’t owe it. The creditor can force the sale of the property securing the loan and you get whatever is left over after the sale. If you’re foolish enough to sign onto the mortgage, it’s your own failure.

[@riverdaletales8457]

Exactly like come on it's not a "gift" if it still has a mortgage like what ? I would sell it and move on

[@jdstep97]

superiorconnections - Well, you might not want to sell if someone gifted you a mortgage, if you can afford the house. Depends on the mortgage. This what she is discussing is ridiculous. This is why people need sufficient lift insurance.

[@qdllc]

jdstep97 - Or a policy rider/provision in the mortgage arrangement that pays off the balance owed in the event of the debtor’s death...of course, a term life insurance policy would probably work better for less money.

[@BlendedBarbieDoll]

She's fighting back the tears and a single mom. Bless her heart, I can't imagine the emotional tie she must feel.

[@WhySoLoud]

The bank better not hear this call.

[@vitorfernandes651]

Are you crazy? She got a house valued over 500 thousand. She can sell the house and get at least 200 thousand in the pocket. Don't when is 200 000 free dollars a sad thing?

[@Simon-oy7kf]

Should have chosen a better boyfriend

[@reaverdropper2997]

@@Simon-oy7kf what???

[@reaverdropper2997]

What does being a single mom have to do with it?

[@domesticviolencemastery3609]

Sell it! Then buy one that you can afford!

[@nohopeequalsnofear3242]

Thats my choice too. But common sence is not so common.

[@ccsmith2937]

Outside of California. 👍

[@kloften6792]

Exactly... too easy. It appears that mom had no life insurance.

[@hern9897]

In California? With her 42k income? Pffffffttt, good luck!!

[@freshurb8963]

She’s too stupid to do that

[@hollyb6885]

You could hear the pain in this poor lady’s voice. I hope everything works out for them

[@davidmarcos5231]

@Lordeverfall100 that's the spirit!

[@wichaelmeston1492]

Tough situation... selling moms house & having to put an old man back to work.. I feel for her.

[@u.2b215]

I can understand Dave's alarmist reaction but they have $252k of equity on the house, if they can avoid the tax issues and sell the house at a good price and buy a more affordable home or rent a home they'll manage even without her father going back to work.

[@beckamayfield9912]

He's 61, not 81

[@justaguy2356]

@@beckamayfield9912 exactly what I was thinking, lol.

[@jdstep97]

Wichael Meston - I don't know. Age 61 is not that old. Dave is age 60; it's the new 40.

[@ShiftingCloudsYT]

@@jdstep97 If only we could get our cells, organs, and bones to think that way lol. Maybe socially, financially 60 is the new 40 but biologically; 60 is 60 years old. Can’t expect someone who is 60 to work like they are 20... going that route you might as well get palliative care ready for dad. Unless they do a low impact, low hazard job then sure.

[@araineacutebrownnurse7315]

Unfortunately this wasn’t a gift, it was a curse

[@MrJay197409]

A curve lol

[@MeanOldLady]

So is being executor/trix but dumping a house ASAP is the thing to do.

[@Simon-oy7kf]

Why? She could just sell the house and BOOM! FREE MONEY!!

[@theBSisreal]

Agreed.

[@juliemcdaniel499]

@@richardscully4542 what if she doesn't want 2 bothered with improving anything. This came unexpectedly and she's grieving the loss of her mother. Making mortgage payments that happened suddenly. Dealing with her non working dad who's grieving his wife and being a single mom all at the same time. It's a bit much. What if she wants 2 sell As Is. The stress of it all.

[@rickoie]

Thumbs up to Dave for helping a single mom with solid advice, and giving her an opportunity to go through the Total Money Makeover as his guest. You can just hear the compassion in his voice. Thank you for a great ministry Dave.

[@Jasta85]

Why would you live in California with a $40k salary? With kids that's barely above poverty level, while in multiple other states it's middle class income.

[@riceball777]

It’s actually below the poverty level in the Bay Area. In this lady’s neighboring city of San fransisco a family of 4 is low considered low income if them make under 115k.

[@larrybud]

@Jade Kilgallon That's not a reason to stay.

[@Jen.E]

She has kids. She likely can't leave Ca because of her ex.

[@mida8261]

She could live in the valley and still be okay with $40K.

[@ve6009]

@@Jen.E There a plenty of cheaper places to live in California aside from the coast. It's still sorta on the pricy side compared to other states but still way cheaper.

[@JakeLondonRivers]

Love how compassionate but firm he is. Such discernment.

[@mariaelenadiaz6990]

I love Papa Dave. He is so compassionate. I wish I would have known about him earlier. Thank God I know of him now and my little daughter will know how to handle money through listening to me listening to him.

[@WISHBONEL7]

Maria Elena Diaz - "" He was NOT this way 25 years ago "" !!.

[@silvereyedstacker1842]

@@WISHBONEL7 What does that even mean?

[@WISHBONEL7]

@@silvereyedstacker1842 He is a lot more mellow now , and a lot more tolerant and inclusive . Dave is almost at the point of political correctness , and he has changed with the times and his co host reflect that , especially the millenials . I just hope that he does not eventually over compensate , like so many other professing CHRISTIANS have .

[@silvereyedstacker1842]

@@WISHBONEL7 Well, with age comes wisdom for those who seek it;) Can't blame him for the way he was 25 years ago, and it's not very Christian to bring it up. He obviously learned and adopted a more righteous path. I don't always agree with him 100%, but he has drastically changed my life for the better!

[@WISHBONEL7]

@@silvereyedstacker1842 Seriously, listen and really think about what I just said . Unlike you I am not necessarily making his actions a matter of right or wrong , just an observation . I am NOT saying that his new approach makes him any better of a CHRISTIAN . If anything my concerns would be that he is now more susceptible for the opposite to take place .

[@TheMeganExperience]

Sell the house and use the proceeds 140k+ to pay CASH for a home in another state.

[@AmberU]

Yep! Ca market is not affordable for the majority! Sell it and move on to something else.

[@Waterbender72]

Complete agreement

[@clair233]

Brilliant opportunity I think.

[@Aces135]

@@AmberU well we dont know what her custody ageeement says about leaving with the children or if her job is transferable hopefully she can

[@shaereub4450]

Or sell the house, and get a mortgage on an affordable house. The cash can be a great down payment

[@mooimafish5165]

Her voice made me want to cry. She sounds like there's so much hurt in her life

[@Mimi-cq4bg]

Sell! That! House! She is so overwhelmed, shes consigned herself to living with her dad forever. Shes drowning. Sell. That. House.

[@barbarathomas2471]

Best bet for them is to leave California.

[@bobsmith1841]

That was OBVIOUS before any of this...

[@stuartclubb4302]

But then they'll (probably) californicate wherever they go.

[@ErrorPagenotFound-ig1cy]

Lol living here ever since y’all hillbillies keep nagging about the high cost of living, the pay does compensate for that. You just need to be proactive and find the right job with your skill set. Higher set of skills = higher pay.

[@melissacharlotte9907]

Bryan F I was born and raised there; and you couldn’t be more right...only upside is the weather

[@RhinoXpress]

Yeah. That or drasticlly downsize.

[@kaylynne1583]

Prayers for her family , I feel for her situation 😢

[@1SavageQueen89]

It's so heartbreaking! She sounds stressed too

[@kaylynne1583]

ratliff2006 maybe not to you but hearing her story in that moment I said a small prayer for her and her family with this tough situation . More people need to be more sensitive to others situation

[@marywebb9127]

@ratliff2006 when I tell someone I am praying for them I mean it!

[@chrysichrysi7889]

She wasn't gifted a house OR a mortgage. She was gifted a $260K equity on a house her mother took out a loan for. There is a HUGE, HUGE difference. The way I understand it, NOTHING but that equity actually belongs to them. What they really need is a good lawyer who can advise and help navigate them correctly.

[@Je.rone_]

Yeah I think Dave has a point this is a sell-the-house situation, albeit it is a sad 1

[@garygwin1741]

No it is not!!!! They have 250,000 in equity. Its like a winning lottery ticket.

[@staceystrukel1917]

No, it's not. Buy a house you can afford. I will NOT feel sorry for people who live beyond their means. I'll save my empathy for real problems like sick children, business failing, parents who are terminal with small children. She is a spoiled brat trying to keep a rich house for looks.

[@AnnMitt]

Sell the house. Move to an affordable city with affordable housing.

[@williamstanton2210]

stop being a coward.

[@richardleston5237]

William Stanton It’s actually sound advice.

[@MrSampsonne]

She has a $43k job with two kids and a dependent parent. She can’t live in a $600k house in a high cost of living area. Why is this even being considered?

[@CarlosRodriguez-hb3vq]

I make several multiples of her income, and Santa Cruz is too pricey for me. Love the Boardwalk though!

[@larrybud]

@@williamstanton2210 Stop being stupid.

[@beatrizdavismotivacao3666]

Oh my goodness. I could hear the pain on that lady’s voice. I pray that she remains strong. So sorry that she has to go through it. :(

[@robindixon6615]

I love how generous Dave is with people.

[@2-old-Forthischet]

My son's supervisor inherited a house in a very exclusive neighborhood. He has no mortgage but can't afford to repair the huge house!

[@ronnieking3848]

Then he's going to run the house's value into the ground. He should sell it and buy a house he can afford to repair. If he does it right, he can put $30-50k in a repair/renovation account and be better off. He probably also has a hefty HOA payment.

[@ryan3716]

“I’m sorry y’all are going through this; he needs to go back to work now”

[@garytrevino358]

Man this broke my heart hearing the pain in her voice. May God bless this girl and may she be financially ok with her dad and may she fine peace in all of this. 🙏

[@Idkbkn]

If you sell the house, you can move to a more affordable city and literally buy a house in cash.

[@user-uy6uc5ey5q]

The a ton of life stuff you've not considered. She can't just up sticks when you have shared custody - you have to have the agreement of the ex, plus sounds like the father isn't coping with the death of the mother. You need to walk in somebody's shoes for while before you "solve" other people's problems.

[@jcsfive5670]

This is a generous gift. Sell the house, become debt free and live the life that most don’t.

[@---cr8nw]

^^^ This. Everybody in the comments is whining about the debt. They're forgetting the equity. That's plenty to buy a very nice house in most of the country.

[@carojames6776]

She was gifted a burden.

[@devinhotline2721]

....not really when she can sell it and get $200 grand....

[@grntsndrs730]

The problem is people thinking living in California is "affordable" or "normal", a down payment on some flats in Cali can pay for an entire house in other states or even cities. They should move now, and get Pops a job.

[@anthonyc362]

She may have a custody agreement that says she can't leave the county with the children. 50% or more of income to housing is very common in that area.

[@lijohnyoutube101]

c 560630 No he’s right. She should leave the area and so should you. Just because its common doesn’t mean its not stupid!

[@whatevergoesforme5129]

@@lijohnyoutube101 That is why CA is full of people who fall into this kind of thinking with regard to housing. They think that it is so common it must be right.

[@lijohnyoutube101]

WHATEVER GOES FOR ME I cannot even imagine more than 10 percent of my income on housing esp on rent -I mean that is just an incomprehensible waste of the ROI of your salary!

[@dianecelento4974]

Yes keeping the house seems the way to go. Just have one car if dad doesn't work and manage the money well. Live frugally

[@ChrisInvests]

He's really not too old to work part time. There can be benefits from a retirement job other than the paycheck 👍😀

[@torang_]

I agree, hes just riding the ride. Needs to step up.

[@aaronosborn7395]

I believe he’s a stay at home nanny after all she’s a single mom who is watching the kids while she’s at work?

[@EyeAmCoa]

Aaron Osborn agreed

[@torang_]

@@aaronosborn7395 He said part-time, you can easily get a part-time job that will allow you to work whenever she is not. I personally see elderly work part-time jobs all the time in Florida.

[@plsspayorneuter]

He's 61. He's healthy. Typical retirement age is 65-67. No reason he should be staying home.

[@daisybugarin9500]

Everyone is struggling the same way in California. It's insane house prices! Morgaes are high and pay is low unless you're a doctor.

[@stereomaster4231]

She's a mouth breather!!!

[@pseudonymshqipe854]

I am also, I do have a deviated septum though.

[@michaelwoods4495]

Forget the gift tax. This amount easily fits within the lifetime exemption.

[@davidturk6170]

Correct. The father will never exceed the gift exclusion unless he hits the big lottery.

[@hzuiel]

People need to stop being sentimental about houses, houses are shelter, the people, and your memories with them are what is important. This is how people become hoarders, when they are so sentimental about STUFF that has any attachment to a person. Even people who are still living, standing next to them, saying "mom, choose me over the garbage" "but this garbage is our memories...." No, it isn't, memories are memories. Stuff is stuff. You have to be able to let it go or it owns you. She's struggling to keep something that the obvious solution for was to sell, nobody in this situation was thinking with their brains, they were thinking with their sentimental emotions.

[@theayegerlehner7793]

Agree! My sister-in-law was left a huge home and five acres debt free. But she hadn’t worked for over 30 years- fear of people! Now she’s barely existing and refuses to sell the property so she can have a better life. Fear of the unknown keeps her there. So sad her parents didn’t teach her to fly!

[@IWNTYU]

Dave you have a BIG HEART.

[@crystalfontana5283]

heart pjs

[@khoado123]

there's a difference between being given a house and being given a mortgage...

[@---cr8nw]

And she was given both. But the house has a good amount of equity in it, so she can sell it and come out ahead.

[@alextogo8367]

She has equity. She sells, and buy, elsewhere

[@mr.speyside5240]

You could hear her pain. My heart breaks for her. 😣

[@Jesseg-rj6xf]

She’s keeping the house

[@Rob...]

seems like daddy at 61 with his 2k income thinks he dont have to work

[@greenearthblueskies8556]

🤣riiiiiight...he’s retired

[@bryantunknown4233]

Derrick Stinoski exactly he sees his daughter struggling yet he doesn’t try to help out.

[@whatevergoesforme5129]

Gosh, give him a break. He just finished taking care of a sick wife. He was also grieving. He will indeed go back to work. It is not as if he was being lazy. It is hard to take care of the sick and dying. I have been there. It is very stressful and then there is the funeral later on. Let him breathe a little first before judging him.

[@bsolutions525]

Seems like the girl should have kept her legs shut till she got married.

[@jbtpa895]

@@bsolutions525 You're disgusting and judgemental ,you don't know if she was married and some "man" walked out on her. She said she was getting child support! And I know what I'm talking about,ending up raising my children on my own after eleven years of marriage.

[@SC-gp7kt]

Dave you are always so generous. Thank you for helping this young lady. I hope she's doing better now.

[@ChristoherWGray]

Dad hasn't worked since his mid 50's. Solid guy

[@trebmaster]

Every single breath and every pause between words is a sigh.

[@Romanslost]

Yeah it's kind of frustrating

[@jojo-eb1ib]

Is very frustrating to hear her talk like that

[@jackieruso6493]

I think she's holding back her tears.

[@Romanslost]

@@jackieruso6493 still doesn't change the fact that it's frustrating to listen to. Nothing wrong with being emotional or stressed if that's what she is feeling.

[@jackieruso6493]

@@Romanslost that's true

[@Pradeepkumar-lg7qm]

Dave, it's really wonderful, the lady called you for help and guidance. Have been watching your shows. Your show is really an eye-opener not only in your country but worldwide. Its been a very learning experience for me watching your show. I am following your baby steps. Iam now in baby step 4 and 5. Thanks to you

[@newvillage3]

Dave, thank you for your compassion.

[@LT4Nova]

Compassion… lol I respect Dave Ramsey but dam he pretty much just brought himself money by having her go to his "ELP" program.

[@newvillage3]

I believe Everyone deserves to be paid for their services.

[@LT4Nova]

@@newvillage3 If you're talking about his radio show he is being well compensated. I'm sure he gets tons of money from all his advertisements. Just seems kind of weird that someone calls for help and one of the 1st things he does is direct him to his own business.

[@newvillage3]

ukau Yes, is it reasonable to receive professional help for free? It’s possible any free help she may have received has made her situation no better.

[@davidb3852]

Goodbye Santa cruz hello San Jose maybe goodbye Bay Area all together

[@yokedsan]

Peter Peters hello Modesto* lol

[@aurabless7552]

Hello Sacramento or possibly Humboldt, Santa Cruz is hella expensive...

[@Gypsiedh477]

Peter Peters San Jose is just as expensive.

[@region015]

San Jose is more expensive than Santa Cruz.

[@igooog]

Weird to think that 200k ain't enough for a great house/location.

[@TheForresterOD]

That gift wasn't really a gift. Hope she recovers soon

[@tims4502]

TheForresterOD - the equity in the house wasn’t a gift?

[@---cr8nw]

Of course it was a gift. If someone offered you a current year Mercedes Benz with 10,000 miles on it, but they still owed $2,000 on it, would you accept it? Of course you would. Because the car is worth WAY more than what is owed on it. Even if you didn't have the $2,000 cash, you'd accept it and sell it and keep the difference. Same thing with a house. There's a boatload of equity in that house. If she sells it, she can buy a very nice house. She might have to move to a part of the country with a lower cost of living, but considering her current income, that shouldn't hurt too badly.

[@webcomment8895]

@@---cr8nw Refinance the remaining balance into a new 30 year loan with lower payments.

[@richardramfire3971]

Dave you are doing an amazing job. So many people don’t have someone with the knowledge and compassion that you have.

[@1redrubberball]

If I had $1,000,000,000 I would not want a house that is large enough to be "valued" at $500,000. I am quite content with my 1100 sq ft paid for home on an acre, in the country, valued at $100-$110K. Few folks realize that we humans own nothing. Things own us! Life simplification requires us to remember this and keep things in balance!

[@Am-Not-Jarvis]

A $500k pad in Santa Cruz is about the size of a tool shed

[@1redrubberball]

@@Am-Not-Jarvis Yes, I understand! However, living in Arizona for a couple years in the '70's, is as close as I ever want to get to Calif. again.

[@NB-ky5ol]

1redrubberball It’s Santa Cruz. It probably is a 1,100 sqft house. Do you have any idea what the cost of real estate is in that area? It’s more than the average person can afford and she’s not making very much money for the area she lives in, either.

[@ocky88]

It is California. It is probably a really average single family home (e.g. 1800-2400 sqft).

[@grod805]

@@ocky88 for California that's a mansion size

[@oneeyedman99]

There is nothing abnormal or unsustainable about 50% of your income going to a house payment in the Bay Area. That's just our reality, we have higher incomes, but much higher housing prices, the extra income goes to cover our housing costs. I don't know what the caller does for a living, but no matter what it is she very likely can't make the same amount of money doing it somewhere more affordable. Depending on what her property taxes are (and whether they really are going to get socked with a $30-$40K gift tax), she may well be better off making $43K in Santa Cruz than, say $33K in Fresno or Phoenix. No way will she be able to make it renting in that area.

[@dianecelento4974]

Agreed I would have kept the house and lived frugally

[@ChrisInvests]

Sell the house and buy something for $200,000 or $300,000 🤷‍♂️👍

[@danielbustos16]

Chris Invests Where in California?

[@brianascani746]

That would have to be an inexpensive condo in California.

[@gearjammer5499]

@@brianascani746 that's the sad part I live in Upstate New York most of the upper middle-class neighborhoods that have doctors lawyers teachers police officers the houses are six bedroom three and a half bath half acre lots two car garage for $250,000 most of the houses that are in decent neighborhoods 425 of 250000 I will never understand why people insist I'm living in a s*** state where a 900 square-foot house is half a million dollars

[@gearjammer5499]

My sister is a teacher she bought a house in a really good neighborhood 4 bedrooms 3 bath pool half acre lot two car garage $145,000

[@heypiggy]

Not in California they need to move to LV or AZ

[@jamescurrent8794]

This is just totally heartbreaking. I feel so bad for her.

[@aceoline]

If the mortgage wasn't put on the caller's name, how come the Insurance didn't kick in upon the death of her Mother? Why does she still have debt?

[@7luckyshotz]

My instant thought was to sell it that’s common sense

[@lemaitrethemonk]

The sad part about this situation is that she cannot afford to live in California, even after given a house(after a death) with over a hundred fifty thousand in equity. I feel bad for her and her family... I will pray for them.

[@angelaonthego]

That’s the bottom of the market for everything within a 80-100 mile radius of Santa Cruz. She would be lucky to get a 2 bedroom rental in the ghetto of San Jose for less than $2100 a month. So that’s either her and 2 kids in 1 bd and the dad in the other, or somebody sleeping in the living room. The dad HAS to work. He could do Uber part-time and bring home an additional $2k/month. They can’t afford to live there, but they can’t afford to move, either.

[@angelaonthego]

And With a custody situation; she might not have the option of moving to a more affordable state like AZ or TX or TN.

[@Itsellasky]

Open a Daycare from home , help kids and pay off the mortgage. Or add a back Unit. Same situation in Los Angeles. That's what I did. I made it! At 25 ✔

[@PInk77W1]

Santa Cruz home should double in price soon. eBay. Google. Facebook. KZbin. Apple. All 30 miles away. My friend bought a house near there for $240,000. It’s now worth just under $2,000,000.

[@gamox2010]

Everyone saying she wasn't given a gift. All i heard was when she sells she gets about 200k she doesn't have rn...

[@amandawithlov3908]

That’s what I heard too.

[@calebdoner]

I love it when we get to hear "Papa Dave" compassionately deal with suffering young women. Solid dude.

[@coffeewithmike3916]

I think all of the Dave Ramsey people that watch his show we should pray in Jesus name for this woman. May the lord have his hand upon her during this time amen.

[@od4407]

She isn't in trouble...she is trying to figure out whether she should keep it or sell it. I don't see the issue here, she knows one of the solutions.

[@glaxowelcome1907]

Get out of here with that jesus and praying to the lord nonsense. She needs and accountant and lawyer to help her, not some make-believe, magic, invisible man in the sky. SMH

[@EmpireTextbooks]

Michael she should stop making all payments and just pray to Jesus. That should help prevent the bank from foreclosing on the house. Also make sure to include in the prayer for the bank to forgive the loan since they can’t afford it. Then they should be all set.

[@AIrn6087]

Dave is truly a great helper!! He is stern but honest and clear with his advice

[@canberkpower]

Rent it out, pay the mortgage with the rental income.

[@conservativemacro80]

this is dave ramsey, he isn't that smart.

[@ashleycnossen3157]

That doesn't help with the mortgage transfer and tax issues

[@conservativemacro80]

@@ashleycnossen3157 Lol what are you talking about? You only pay taxes on a property when you sell it. No tax payed when a family member gives their kids the house (1031 exchange i think its called)

[@Nilsosmar]

I hope she follows his advice, gets the amended return filed, then gets "her" house on the market and gets it sold. If she sells it for a good price, she and her father will have an opportunity to start over. I'd actually recommend that they move somewhere where it's way cheaper to live. If they end up with $300,000 from the house sale, they could buy another house for cash in some parts of the country and have $200,000 left over. Then with her job, her dad's survivor benefits, and (soon) his social security, they could make it work, without him having to rejoin the work force.

[@EastLakeWatch]

Keep the house, participation out for ABNB rental for extra income. Santa Cruz rental is super hot, rent the whole house out, keep the backyard for your RV to live for free for life. Don’t ever sell cause you’ll be homeless if you sell.

[@Hotobu]

Scrolled through some comments just to see when I'd get to a *STUPID* piece of advice, and here we are.

[@wk3820]

The classic "white elephant" gift. Yowza.

[@adinahwithkaden]

Problem is, many people pay 50% of their income in housing

[@---cr8nw]

A 1200 sqft house is NOT tiny. My first rental house was a 900 sqft 3 bedroom one bath house. Shortly after I moved into it, one of my friends bought a house (for cash) nearby. It was a 700 sqft one-bedroom. He picked it up at a lien sale for 10,000 and put another 10k or so into it to fix it up.

[@lijohnyoutube101]

Only idiots without long term thinking

[@PInk77W1]

- - where did your friend buy a home for $10,000 ? Thx

[@jonrosso6872]

Amen

[@WillieRayPR]

@@---cr8nw 1200sqft is huge. My apartment is 800sqft and I think it's huge

[@NB-ky5ol]

As soon as she said he doesn’t work I screamed, “So go get a job!” He can’t expect his daughter to support him when he’s capable of working. She’s drowning in stress & debt while he sits at home. 😡😡🤬

[@purpletree8965]

If he gets a job he will lose 1,000 of his government check . If you are under 66 years old they will take half of your check because he is working.

[@Montblanc1986]

And he's probably taking care of the kids. So many random days off

[@phoebelu8956]

I am amazed that there are so many ppl who have no clue about how to handle their finance.

[@S34Mii]

How long Kelly been working there? 🤔 She stay handing out the free goods!

[@Peter-uo8zr]

Do not sell it! Dave's suggestion is wrong this time. You long-term payment for renting will be much higher. You dad should start to work to make more, and things will be better if you own the house because your income will be higher and higher. Mortgage payment with starts with close to 50% of income in California is normal, which is not understandable to non-Californians.

[@Esther-ps3vx]

I cannot afford to keep my house, but I rent out a room that helps me pay for the mortgage.

[@larrybud]

That might help for a while, but what happens when the renter stops paying, or the lease ends and you have trouble finding another renter?

[@Esther-ps3vx]

@@larrybud I have been renting for 5 years now and I always have renters as I live next to a college and I rent to students. They always pay on time.

[@allispossible8447]

Shhhhhh don’t tell uncle Dave.....he’ll tell you to sell ASAP

[@Esther-ps3vx]

​@@allispossible8447 LOL, in this case, I will not listen to Uncle Dave.

[@kimjong-un5562]

Bro I don't wanna live with strangers

[@heypiggy]

Santa Cruz is SO EXPENSIVE too 😣

[@james_crook]

Refinance it for a full 30 years your payment would only be like maybe 900, you could even keep 20 % equity you won’t have PMI. You can keep it until your dad passes away. Wouldn’t this be a viable option? Her dad could even sell it to her if they are having a issue with the bank.

[@MP-nj1qy]

I disagree with the poor widow guy going back to work. They’re all need to just leave California. Period

[@Pengepugeren]

Sell the house, buy a $200k house for the proceeds and her dad can live a decent life off of his $2k income.

[@slolife14]

No houses in that area of CA for $200,000 they would have to leave the state. I think dad should get a job and try to keep house. Cost of living in Santa C is expensive and they have a gold mine if they can keep it

[@Pengepugeren]

@@slolife14 Or he could move to a less expensive area.

[@webcomment8895]

@@slolife14 If he’s not working, why does he need to stay in that part of California? Move to a cheaper part of California inland or move to another state and retire on $2K per month. Nevada, Texas, Arizona or somewhere in the Southeast.

[@Gumardee_coins_and_banknotes]

Houses are over priced everywhere.

[@dubbelzoutrond7809]

Not in Nicaragua

[@Gumardee_coins_and_banknotes]

@@dubbelzoutrond7809 Ok I should have put In Stable Countries

[@jbilotta]

This episode made me think - I am all on my own - bought a house late in life and ALL I think about is money. Not in a destructive way, but I am making sure I am ok without anyone to lean on. If I was gifted a house, oh wow. I would NEVER leave my house (that I absolutely LOVE) to anyone who didn't love it too. TOO much work. I will most likely donate it to St. Jude's before I die.

[@cybertrk]

“I’m gifting you debt, you’re welcome”

[@lifeisgood070]

If I was making 40k in the people's republic of California - I'd move.

[@cdogvlog5557]

How about turning it into a rental property? Why is this not even discussed? They have good equity the rent should cover the mortgage surely. Let it out and then rent somewhere cheaper. Selling a house is an expensive thing to do when here real estate agents charge 4 percent. Also selling a property when you have no money to do the most basic things to present it for sale is not such a great idea.

[@amandawalker1196]

Good question but what I’m thinking is that say they rented it out, the income they have from it will probably be equal to the rent the end up paying elsewhere so it’s kind of pointless. What they could do it rent it out and move out of state (if she’s able to considering the children involved)

[@junkabcjunk]

Renting may not work if the lending institution comes calling for the remaining mortgage balance payoff immediately since loan approval wasn't on her name and she may not qualify for refinance.

[@EastLakeWatch]

Rent only the house but keep the backyard for her Trailer home to live free for life. Santa Cruz rental market is super hot, many UC Students there are struggling to find home every year. Selling is a bad idea!

[@wkdravenna]

Thanks for having the love for people Dave. Best wishes to her ❤️. Might be good to move to Nevada, Arizona, Texas or somewhere more affordable. It's crazy in California anymore.

[@bighands69]

Texas is the best with its industries.

[@nkyryry]

Memories don’t go away just because you change locations. You take the memories with you. I get it’s your moms house but it’s still just a house. She’d want you to be free from the burden of that mortgage. Sell sell sell.

[@sinfulscatpack3960]

Im over here cooking my beans and rice for dinner and you've got resturant ads playing before your videos. 😒

[@unnamedchannel1237]

Treat yourself add some sauce

[@dkgong]

Average house rents in Santa Cruz can easily clear over $3000/month. Maybe that's a better alternative than selling.

[@funtimes7305]

Wow she's stronger that a lot of people out there.

[@theadamblock]

Props to Dave for meeting the emotional weight of the situation.

[@wowso4]

God bless this lovely lady sending her m prayers.

[@rdb0819]

Fear and the trauma from losing her mother is the only issue at the moment. Once her and the father get a clear head, they should sell the home. The $200k profit will put them in a better position. They could put down on another home or rent an apartment. This will buy them some time to recover. The dad can eventually get a job and she could probably find a better job. Fear is their obstacle. Not a lack of money

[@leticiareyes2796]

I was given a house, no, I was given a mortgage I cannot afford.

[@amberklein1560]

It's REALLY good thing she called in!

[@mcmic1212]

Praying for this family!

[@HjbProductions]

Sometimes I wonder if this people think before they call, I mean, I'm 15 and I know that it's probably best to sell the house and by a cheaper one that she CAN afford.

[@jfloresdrums]

I think they've already thought about but dont have anyone else they can talk to for reassurance. Think about it. If you're debating on whether or not you should make a decision and need reassurance but have no one to talk to what do you?

[@angelaonthego]

That’s the bottom of the market in that area. You can’t even get a 2 bedroom rental for what she’s paying on the mortgage.

[@riceball777]

A 600k house in her area is pretty rare. It must be a tiny house that’s supper old and very beat up if it only worth 600k.

[@FeelingFitFabFun]

Hjb Productions She probably knew she should sell the house but was emotionally tied to it.

[@lanceknuth5300]

Today I learned that there is a tax rate of over 50% on anything at all in my country. I don't know how to process that.

[@MrAlexLowen]

We are with you Sonya, you can make it!

[@stargazer5073]

Sad situation! Prayers for her.

[@askhowiknow5527]

Sell the house as fast as you can!!

[@sgtcrab2569]

In Canada primary residence is TAX FREE. Gifted or not. If she were here and sold the house any equity would be free of taxes.

[@Mtripp27]

She knew what she has to do. She just feels guilty. She needed someone to give her permission to sell the house.

[@raulgolfs]

Ohh man right off the title of this video I’d say sell it. 🤔.

[@raulgolfs]

minimal sounds haha you know I thought about that as soon as I posted the comment haha good point

[@LiftingGunsBibleTradition]

And you made this opinion based on a 2 min video? Very stupid advice! You know nothing about Bay Area and Nor Cal real estate. Her mortgage is less than most rent in the area 👎

[@raulgolfs]

NPC-90210-RealNews haha. Hence what I said about only going off the title 🤦🏻‍♂️

[@raulgolfs]

NPC-90210-RealNews this is true though. Never been to those areas. Would love to one day.

[@bobbyg5615]

@@LiftingGunsBibleTradition Thanks dude,I was just saying that. Homes in S.C. are much more than the. 500K value she mentioned.

[@davidturk6170]

I like listening to Dave Ramsey, but I believe he may have misstated potential issues with the gift tax, and income tax if they sell the house. The daughter will get a 250k exclusion and even though the house value was not “stepped up”, the gain from the parents basis value could be under the $250k. He’s correct that they did it incorrectly, but they probably did it thinking they were sheltering the house in case the mother went on Medicaid (which, if under five years, would not have helped). Also, some mortgages allow transfers to relatives. But the dad definitely needs to get a full time job.