We Bought A House That We Can't Afford!

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[@ErrythingPhroze]

60k income and they own a 20k camper? Honestly I feel like some of these people do this stuff on purpose

[@ricecrash5225]

Sell the kids, smallest to biggest.

[@deepsoul3256]

🤣🤣🤣🤣🤣🤣🤣

[@isisagood]

🤔🤔🤔🤔🤔🤔😅😅😅😅😅😅😅

[@janiecel]

LOL!

[@AStanton1966]

I'm reminded of that line from the Blue Brothers in the restaurant: "How much for the little girl?"

[@scorpion8rage]

No! Biggest for sale first since they are getting older every day and are devaluating at a faster rate than the younger kids. Also, they eat more and consume more electricity.

[@MichaelJayValueInvesting]

Good lesson on why you shouldn't spend money based on income you don't have yet.

[@stephon972]

Micheal I love your insight on these videos every comment you make makes me laugh especially your most recent work with the dark vader comment. But I must ask. What else do you do with your time because I see you on the comment section of every video I watch and it makes me curious who is this man and what else does he do and what does he do for a living, and why you on every video beating me to the punch with these comments

[@blackworldtraveler3711]

Life With Steph He probably get alerts and have a smartphone/tablet like everybody else. Being tied to desktop computers ended years ago.

[@costco_pizza]

+Life with Steph: KZbin will pay you $1 per video view. His videos have about 34,000 views in total, so that means he made $34,000 in total. Not a bad haul at all!

[@justinbrowngames3033]

ACR wrong, it’s about $1 per 1,000 views

[@costco_pizza]

JustinBrownGames Oh! I didn’t realize it was that little. So that means he has made only $34 from his videos. Still, not bad for his efforts.

[@123idontcareok]

But how did they get approved for this house? Sounds like 2008.

[@karenkramer3760]

That's hard to believe that she got a loan on what she MIGHT make at her new job. Banks have been so strict since that 2008 crash

[@PeaceDayCortez]

123idontcareok this was my exact thought as well 🤔

[@pablosouth8960]

It's much worse than 2008. It has spread to car loans, credit cards, medical, personal loans,.. etc. The bankers are doing it again at a 100 times the scale than 2008 because they are not afraid to crash since they know they will get bailed out by the harworking Americans, the taxpayers.

[@JeBeDee1818]

I was pre-approved in late 2015 for a $325K loan on $63K gross income.... thought they were insane. I was getting bi weekly bonuses that didn’t have enough history, so they couldn’t even take them into account, but I would’ve never been able to make payments with that income on that high of a loan. I felt they hadn’t learned much from 2008.

[@itsniceoutsidenow]

Yeah. They must have a horrendous interest rate. I make north of $300k and had a hard time getting approved for a $500k house loan (with 20% down).

[@TarmacSkin]

I remember my mom cooked soup when we were kids... Dad was an useless alcoholic. Now I know why we had soup... she was awesome budgeting. Being poor she put my sister and I through college..

[@BasikVids_4_Life]

I love soup!

[@barbieblue3336]

Did your dad work? Did he waste the family money? Moms are amazing

[@carpediem6431]

Hopefully you can be successful enough to film one of those KZbin videos where you surprise your mom by paying off her mortgage.... good luck, your mom sounds like a saint.

[@nmc1859]

@@barbieblue3336 this .om sounds amazing, but no. Not all moms are. Not at all.

[@mamr6789]

Who buys a house without knowing their paycheck 😂

[@LtLongle]

With kids no less 🤦‍♂️

[@aidenw207]

@@LtLongle 4 kids!

[@samr9622]

Even more strange the fact that they approved them for a mortgage when she just started a new job and didn’t even know her take Home pay

[@minshullj]

Why did a bank give them a mortgage without seeing proof of income? Seems like banks in the US learned little from 2008.

[@ChristSaves88]

Martin Martinez Right! 🤦🏽‍♀️

[@jawwadmehmood9944]

"Plus we have 4 kids"........Hahahhaha....I had to pause the video.

[@brantley2171]

Jawwad Mehmood they should have some more

[@dantan1249]

Jawwad Mehmood adoption

[@Painfulwhale360]

Why?

[@inthevault9603]

Get rid of the kids. 😂

[@mariahsmom9457]

Sell the kids, youngest to oldest.

[@v60polestar88]

60k a year and you own a camper. America!!!

[@danielnobel5869]

Sell the house live in the camper

[@66gtb]

X class laxxz I’m guessing with four kids they were thinking it was a cheaper way to vacation.

[@ayecarumba4928]

It's the family's mayday mobile Observe. 🚚🏃‍♂️🏃🏻‍♀️..........🔥🌇🔥

[@thesunflowchannel1995]

I'm actually thinking about this. I make 60k and I'm 20 currently living with my parents still and they're getting frustrated and are demanding a lot for what I'm getting. I'm even remodeling a room for them basically for free. Or "whenever I get my house they will help me build it" yeah right.

[@themanwiththepan]

60k a year take home is a 90,000$ a year job

[@EliteClinicalResearch]

They got a camper. They should sell the house and live in that.

[@mattkiss3]

With 4 kids? lol

[@EliteClinicalResearch]

mattkiss3 they should hav me thought about it before having the 4 kids 🤠

[@annemettemertz2421]

Hard to change at this point

[@chrisdexter2940]

Elite, great advice! Honestly, they should probably sell the camper too... It barely snows in Columbus, they can get a warm box under a bridge. Their kids can sleep at their friends... Also, they could just go to Mexico for the winter, they could each sell a kidney, easily get 10k for each, put it right toward their debt... if it gets them out of debt a month earlier, then it's worth it!! Hopefully their sutures will hold after they hitch hike to Nashville and do a debt-free scream!

[@pollodormido2]

Temporary! They can move to their parents backyard in the camper or go to a trailer park and rent a spot and live in the camper while they find a house for rent or buy a smaller house that is not 2,000 a month! I bet is just the insurance that is too much!

[@luismeza1367]

Wow!!! She left out the 4 kids until the end. 60k combined with 4 kids sounds very scary and that’s not counting everything else.

[@Dbf1339]

She really couldn't wait until she got paid? Not even a few months for a down payment? And who lent them the money for the home without her having an income from the job. This seems a little weird on the lenders end.

[@Dbf1339]

mamamia _ nothing wrong with that! Take care of the home have a emergency fund at that combined income I'm sure Dave would say your a lot smarter than most Americans. If you could I'd say pay it off early and start investing and saving even after you pay it off. Still enjoy life as well though try not to be one of the people who call and are like 90 and haven't had any fun with money either

[@righand]

A lot of people buy houses way too early because their friends buy houses and they feel left out.

[@Dbf1339]

C Leh true the problem is most Americans live month to month rushing into loans not a good idea

[@RichardMeikle]

Market might collapse soon. They tend to allow more risky lending when a down turn is predicted.

[@mikerosenberger3809]

$1925/mo house payment? How do you qualify for a $2k house payment on $60k annual income??????? Your bank deserves a smackdown....who takes a mortgage not having received the first paycheck? Absurd on many levels.

[@rebeccawcleung]

US banks will loan anyone with a pulse over 300K for a house...

[@bryanuchiha6166]

Yeah right Where these banks at cuz that’s all I need to buy a house Hit me back up with the details

[@flanker0761]

Bryan Gonzalez you need to have something known as a job, a credit score and basic understanding of spelling and grammar. That may be your problem. :)

[@unknowingreaper6556]

Daniel Purdy they can raise your loan amount.

[@AdamSmith-gs2dv]

MarineCorpsRetired 1 I would never spend more than $300k on a house, my parents bought a large new build in the 1990s and they said it was the worst decision they ever made

[@mikerosenberger3809]

$1925/mo house payment? How do you qualify for a $2k house payment on $60k annual income??????? Your bank deserves a smackdown....who takes a mortgage not having received the first paycheck? Absurd on many levels.

[@jacobsaint1874]

5:30 "You didn't mention you had medical bills." - Yes, she did. At 1:30

[@kays3599]

good catch

[@ballinhardaf]

good catch

[@BigzBird90]

Good catch

[@nmkflashflash1335]

Good catch

[@FaintAura]

Catch good

[@irisflower9030]

I will always be thankful to my lender for not telling us how much house we could be approved for, because she knew that what you can get approved for doesn’t mean you can afford it.

[@pbl22]

Yes, usually take a mortgage so close to the limit can be a bigger risk

[@TeKnoVKNG23]

40% less than you thought it would be? Did you not review the employment contract or your compensation paperwork before you took the job? Were you not given benefit information or declarations along with your paperwork? All of that information should have been disclosed to you before you took the job, it shouldn't have been a "SURPRISE!!!" when you got your first check.

[@deekayvixen]

Still, at this income level, this would equate to about $300 a month before taxes. It would make a difference, but not big enough to justify that massive mortgage.

[@Name-jw4sj]

Even if it were 40 percent less it wouldn't matter because there mortgage was over 1900 dollars. That means they bought a 300k house only making about 60k per year.

[@michellekulas282]

How did they even get approved for that high of a mortgage without pay stubs and such? Something isn’t adding up here.

[@karenkramer3760]

Michelle Kulas, you are absolutely right. No bank would do that. Banks are more strict now than ever before. And working 2 yrs minimum at the same job is what is necessary before getting a house loan

[@oneeyedman99]

@@karenkramer3760 Is that true now, in 2019? The history of the mortgage industry is that they raise standards when they lose money, then go back to continuously lowering them so long as they're making money. Right now, they're making money.

[@alexandraa7913]

I don't get how she was able to get a house without proof of income when I just went through 3 months of torture to get my home because I'm a freelancer.... what??

[@ElectronicsWired]

because freelancer, contractor and business owner are mortgage underwriter nightmares. They hate those mortgages because the underwriting criteria operates on a 1940s mentality that having a job is stable income. Even tho now a days it isnt it is still considered stable. Thats why they want to see how your income averages during months.

[@karenkramer3760]

You also have to have had a job for 2 years straight to get a house loan. At least that's how it was a year ago

[@MrsThollo]

@@karenkramer3760 That's what I was wondering about the entire time. Or, I was told, if you do change jobs it should be in the same industry because it's less risky.

[@anastasiacline6159]

@@karenkramer3760 That wasn't true for me and my husband 2 years ago. We only had our job for 1 year before applying to get a mortgage and was approved. Of course we were looking for a mortgage that was well beneath our salaries so maybe they just waived the 2 years thing. lol, our real estate broker was like "why are you looking at the cheapest homes in this area when you can afford a much bigger and better home you could live in forever?" HAHA no. We just need a home that's better than the roach motel apartments we were living in where the AC would go out every 2-3 weeks and we couldn't even pay someone to fix it right because it wasn't our property to do that with.

[@jenniferhol]

Me too we had to prove everything they also get your past irs information and look in your bank account they get your check stubs like everything you can't even put cash in your account without proving how you got it makes no sense at all

[@blackheartsmarine0351]

I’m house poor right now. We have money left over but we decided to sell our $400,000 home and buy under $200,000. Simplifying life to become debt free. Love this channel. Gives me hope and drive. We went under contract on our current home on Christmas Eve and are ready to move and start a better life

[@HORSESNDOGS9]

Smart move!

[@pt192]

A home under 200? Where do you live???

[@monicam.9612]

I have watched several of Dave's videos the two things that I've noticed is Dave gives good advice while somehow only listening to every third word.

[@XxMusclecarsxX]

Don’t count your chickens before they hatch. Never sell the bear's skin before one has killed the beast.

[@jamesbyerly766]

👍that bear motto is great

[@XxMusclecarsxX]

@@jamesbyerly766 It's the french equivalent by Jean de la fontaine :)

[@dantan1249]

8hour don’t you have a certain amount of time before the loan is final? I find it hard to believe it took until she got her first pay check

[@PInk77W1]

Sometimes u eat the bear Sometimes the bear eats u

[@aarohivijh]

You kidding? Totally do that and use the proceeds to buy the ammo. Don't buy the ammo with a credit card!

[@NeoAndersonReloaded]

I make 100k and $1900 scares me.

[@rosen380]

I got a deal that was too good to pass up on a house upgrade, where I went from around $220k in equity on a paid-off house to $350-400k in equity on another paid off house. That my property taxes were going to go from $340/month to $920/month scared me a bit even with a six figure household income. I can't imagine more than double that on less than half of the income and tack on four kids vs just one.

[@reaverdropper2997]

It should 8,300 income before taxes and your taking out 2k. 6,300 after taxes, closer to 4,500 and then you have electric, water, insurance, food, gas, car bill. Another 1k-2k so your left with 2,500. Then your wife leaves you and charges you child support and you only have 200 left a month.

[@johntucket9221]

Same. Make 170k and mortgage is $1500. I do pay like 3k a month though to pay it off in 8 years.

[@xekis]

@John Taylor You must love to hear it because he wasn't whining. He's clearly talking about how he handles money in a winning way.

[@AC-qo8oq]

Same! & I have a husband that does well. Our mortgage is $1200.

[@zachw611]

$60,000 income with a $1925 mortgage...lord have mercy 🤯

[@mariahw7451]

What should the payment be? Idk these things

[@kaohsiung99]

@@mariahw7451 Dave Ramsey always says "no more than 1/4 of your take-home pay". So, a $1500 mortgage payment would be the very most they should be paying each month. And that should be on a 15 year mortgage. They probably have a 30 year mortgage. (Also, we don't know how much they paid for the house. Probably too much.)

[@mariahw7451]

M C Taylor okay, my income is 60k and my house payment including taxes and insurance is 995

[@rightocarry1]

My wife and my income is 155k a year and our mortgage is $1300

[@kaohsiung99]

@@mariahw7451 Sounds like you are okay--especially if you bring home 60K. If you are grossing 60K, then you are okay too (but things are a little tighter, I suppose). Are you on a 15 year or 30 year mortgage? Dave always recommends a 15 year mortgage.

[@ShakespeareCafe]

Can’t believe these people need to even ask this stuff. Baby steps, indeed. You can’t give campers away Put up a tent in the backyard if you want to camp

[@ArmageddonIsHere]

Great piece of advice, Dave! That bit where he said "Your home is invaded, your stress level goes through the roof": very well put!

[@dogesmith5396]

house would have to be close to $400K with that size of mortgage. How were they approved making $60k?!?! Looks like 2008 all over again, we never learn our lesson.

[@ericfilomeno571]

more like 275k

[@cantgetright742]

That's what is taken home after taxes.

[@MrsThollo]

@@cantgetright742 Yes. That's why I'm with Dave when he says calculate your potential mortgage from your net pay. The banks actually make me uncomfortable with the high amounts they approve.

[@MelieSue]

My thoughts exactly.

[@BoriPR82]

$1900 With pmi and taxes that house probably cost them about 220k

[@Motoboy247]

I love Dave Ramsey he is unintentionally funny lol keep up the great work Dave your really improving people’s life.

[@molliemae6855]

I’m blown away that Dave didn’t freak out over the mortgage payment!!! I haven’t finished the video yet but I’m wondering if he misunderstood her and thought she said $925??? I think they should sell the house and live in the camper! There’s lots of families who do it. It wouldn’t have to be forever.

[@OhWell0]

That's exactly what I though. The mortgage is roughly a third of their take home.

[@Kevin_Roche]

They can afford to keep up with the house if they really want it, but they have to forsake everything else until all other debts are gone.

[@ajcap]

Just bought my first home...2.85% and I’m debt free minus that new mortgage

[@samhatch1657]

Congrats my friend

[@jones2277]

are you afraid to take on this new debt? that has been my anxiety. i worked so hard to pay off all my debt. i got used to living without debt hanging over my head.

[@ajcap]

@@jones2277 also owning is far better than renting. Even being debt free, I see renting now as only if you have to

[@jones2277]

@@ajcap i feel that way too, but even though I make a good salary, and I live comfortably on my rent, i'd never afford to buy using Dave's formula. 25% of take-home pay and a 15-yr mortgage loan aren't realistic for many cities.

[@ajcap]

@@jones2277 I agree. I couldn’t afford a 15 either so went with 30 but still 25% down and will try to pay off in 20 years

[@ttliggz]

She never was going to bring home enough money to afford a $1900 house payment based on what she said she is actually bringing home. Mandatory retirement and taxes wouldn't make that much of a difference.

[@darrenkrock736]

It is not biblical to tithe when you are in financial distress. The Bible says "let each man give according to what is ABLE"

[@SmoothJK]

Not only that, but while it is great to tithe and that is a noble baseline, it is not a command under the new covenant.

[@roserevancroix2308]

Amen.

[@forevergogo]

The church would rather see them avoiding foreclosure than taking a check from them.

[@jayhillz3705]

Tithes were for Israel, a form of tax

[@t-mayo9571]

Jay Hillz82 you’re so right👍

[@yellowannie22]

I enjoy how Dave listens and then he changes the temperature by asking a completely different question. I EMMIDIATELY hear the change in emotion in the caller where they are now receptive. And able to "see". GOOD ONE

[@kaohsiung99]

??????

[@mlcampbell64]

Sale everything and start fresh....Dave is right on this one....Good intelligent advice, man!

[@roseemich]

I heard this once “never ever spend money you don’t have or money you will have.”

[@TheMeganExperience]

You can't sell the camper for less than it's worth unless you have enough money to cover the discrepancy because the bank won't release the title and campers depreciate almost as fast as boats do so I'm interested to know how that is supposed to work.

[@SupernovaFallout]

This is one of love to hear how things went. She seems so sweet and just being normal got them in such a bind.

[@ChristopherInTexas]

How did you overestimate your pay by 40%? SMH you need MATH tutoring!

[@adammanning1805]

Lender should've seen this.

[@KB-sg7tv]

She probably did what I did... Got a job with the government and then realized you only bring home 62% of what they told you you'd earn. Lol. I remember being SHOCKED when I saw how low my first paycheck was... Because they take out like 35% or more in deductions.

[@monikabennett]

If she made low income was before, she would have kept most of it. However, her $20k income on top of her husband's mean that they're paying taxes on it. I would (personally) change my withholdings during the year while I'm paying all of this off and pay the taxes at year-end, but I wouldn't recommend that to someone that can't budget.

[@zdenek3010]

Most calls are at least few months after this stage. These people called when they only stood right before the door of all the problems. They will get out of this very easily.

[@Krisbcream1]

She definitely mentioned the medical bills when she first called

[@kaohsiung99]

The hospital would probably settle for $400. That's not gonna fix all of their problems. (Dave did not write it down, BTW).

[@Yugiboii]

Good catch

[@Androth12]

I was approved for up to $350k on a 60k budget. Will be debt free, but having a mortgage payment over $1500 gives me the chills. Trying to stay in the 175-225k price range because I’ve been house poor. It’s not FUN.

[@TheHoriginal]

Yep 👍 true

[@RocketsharK7]

I pay rent/mortgage first. Then food

[@dgw4049]

I;m with you man, I'd rather be hungry with a roof over my head, than full in a shelter or in my mom's basement.

[@burntblonde2925]

Me too! I can eat rice and frozen peas!

[@Efferheim]

As a termite, I approve this message.

[@tymom9313]

Not with kids though! He should have said rice & beans

[@lriver5766]

As a former homeless person, I pay my house first then food I have 3 kids now. I can find food easier than a place to live.

[@mr.boostang2064]

How can you make 50-60k a year and see a mortgage contract of $1,900 a month and think "yeah, I'll sign that" 🤦‍♂️

[@back2the80s]

Boostang loan was approved by lender

[@beepersify]

@@back2the80s the lender didn’t force her to buy the house.... and also, totally agree with the original comment, where I live you can get a very nice house with a monthly payment of about 800 including taxes, sometimes less. My husband and I make about twice what this family makes and would never ever pay that much a month.

[@dannyhantx]

They make half what I make and their mortgage is higher than mine. 🤦‍♂️

[@jacobtb1]

great answer Dave, on of your bests

[@jg-xx8oh]

Well said great lesson good luck to them

[@CookingLessonsforDad]

What great advise!

[@richardavanes1412]

Yes...Dave gives amazing advice! example...he says buy food...pay utilities...pay mortgage...pay credit card bills...man...this guy is amazingly smart! I would of never thought of buying food, paying utilities' and paying my mortgage if I had not listened to Dave!

[@ravengale]

You don’t tithe if you’re broke. I’d recommend moving into the camper for a while.

[@jaypence332]

Why not?

[@jy928]

Why Tithe when you going broke and in a crisis? Why Tithe at all?

[@kaohsiung99]

Psalm 23

[@esibrian81]

Tithing is under the old covenant. Tithe a tenth of your crops.

[@james1000]

Giving away 10% of your income when you're about to be foreclosed on is ridiculous. Hold off until you get your life together

[@misspriss2482]

@@james1000 Honestly, I think God would understand that. Besides, there are other ways to give besides money. She could also cut back on her giving. Instead of 10%, give a $1. God doesn't care about the amount; he cares about your heart and the intent.

[@tdgdbs1]

How the heck do you underestimate your income by 40%? They are on the bottom tax bracket.

[@independenceday3764]

People fall into the trappings of the BIG house. No one needs a big house. Bigger is not better. It costs more to begin with. It costs more to furnish, heat, cool, lights, and blah blah blah. Also, they fall into the build a house trap. These things are OK, but only when you really have the money for them. I’d like to see @The Dave Ramsey show address the ridiculous housing prices. The current price levels are not supported by income levels. A couple of ticks up in interest rates will bring the housing market to a stop and downward spiral.

[@peterj6802]

If you have a fixed rate mortgage then no, you're not going to be defaulting on something that's already in your budget. Also, some people use real estate as an investment and figure the interest on the loan into their end gains / losses so sometimes bigger is better. Housing prices are only "ridiculous" because people are willing to pay that price for them, so it's not ridiculous at all.

[@karenkramer3760]

Hugh Mungus, spot on

[@independenceday3764]

Hugh Mungus prices are quite ridiculous considering people used to pay cash for houses. Learn history.

[@independenceday3764]

Karen Kramer ok follower. I see you’re part of the problem.

[@saranovak8723]

I grew up in a 450 sq ft, 1 bedroom, 1 bathroom apartment with my parents and my brother. Mom and dad slept in the living room, my brother and I shared the room. We were able to go on vacations, they bought a small house in the countryside (in cash) and moved there a few months ago (they just retired), they bought my brother and I a car in cash when we graduated high school, I am finishing med school this year and my brother is writing his doctorate in math. They NEVER had any credit card debt, never missed their bill payments.

[@darrenkrock736]

A lot of people mistakingly believe tithing means giving ten percent of your income. That idea is wrong. Tithing can also mean giving ten percent of your time.

[@sadiemay8339]

Darren Krock, this woman & her husband made these decisions TOGETHER! Stop blaming just the woman because the husband willing agreed to sign his name next to the X when they bought the home, camper, ect. They are both responsible for the mess they made.

[@roxannegordon6162]

and the Bible tells us, and I've seen it, that those who tithe have riches bestowed on them. Yah I hear the nasayer. Sounds like a scam. It is not.

[@jamesbyerly766]

Just give. Thats what tithing means

[@PInk77W1]

In Roman Catholic we are asked to make Our lives a living sacrifice. I just give $20. every Sunday

[@matthewphillips5483]

Tithing is the biggest scam ever. Imagine facing homelessness and still prioritizing giving to a church. Darwin awards right there. When God comes down and asks me for money, i'll give it to him.

[@klayfennemamusic4118]

WOW this is crazy. I have a 150k household income, no kids and a $1200 house payment. I cannot imagine this type of stress.

[@Metal7771]

I tried selling stuff online, it is horrible, people are always trying to low ball, and take forever to meet at the agreed place and time, and for what? A few hundred if you are lucky.

[@yogashot]

how did she ever get approved for a mortgage ??

[@mikerosenberger3809]

$1925/mo house payment? How do you qualify for a $2k house payment on $60k annual income??????? Your bank deserves a smackdown....who takes a mortgage not having received the first paycheck? Absurd on many levels.

[@MyLady22]

She said $60k take home pay aka net pay not gross pay. They make about $100k or so gross

[@rocroc2954]

@@MyLady22 wrong! Listen again.

[@barrio737]

Is called lying on paper!

[@MyLady22]

ROC ROC - Why don’t YOU listen again! He makes 38k and she makes 22k “TAKE HOME PAY” meaning $60k NET pay not GROSS pay. Add on all the taxes, retirement, and insurance and they make about $100k GROSS PAY.

[@TopShelfGear]

Camper needs to go ASAP!

[@inthevault9603]

No house needs to go. They can live in the camper for being so stupid.

[@Lon1001]

And tithe?!!? NO! put the tithing on hold until you can fund the necessities. Maybe if it's important to you then wait until the camper is sold and settled first.

[@liembui4239]

I would sell the house and live in the camper :) 4 kids - they can start a lemonade stand.

[@PInk77W1]

Liem Bui for a year and save up.

[@year3thousandmusic]

Sounds like they committed mortgage fraud to get in the position they're in. The bank approves based off the person's income. Even if it is a new job they require proof you can't just say "I'm going to make this much" at a new job, proof is required, or there'd be another housing crisis.

[@mikerosenberger3809]

$1925/mo house payment? How do you qualify for a $2k house payment on $60k annual income??????? Your bank deserves a smackdown....who takes a mortgage not having received the first paycheck? Absurd on many levels.

[@elizabethgatti9499]

They did not commit fraud... she is making the amount she thought she would she just doesn't get to take it home because of the mandatory retirement and high insurance costs. Did you not watch the video?

[@mikew2610]

Still. Getting into a mortgage without knowing your net pay is an irresponsible decision.

[@elizabethgatti9499]

DEFINITELY. But not fraud, just stupid...

[@karenkramer3760]

I find it hard to believe a bank would give a loan under these circumstances. It's harder than ever to get a house loan. Something isn't adding up

[@familiaquintana213]

That’s why you shouldn’t Max out the preapproval amount from any bank my husband makes 120k a year and we purchased a home for 96,000 in 2015

[@DH-bx1qj]

have they considered renting out part of their house perhaps the basement? that's what we did we have a very large old house but we rent out rooms and that helps tremendously with the bills etc.

[@gregcarlson8438]

She obviously mad a lot of dumb choices. I love that Dave welcomes her and doesn’t beat her up when she is trying.

[@asiac8968]

I don't understand why anyone would be tithing if they are in debt and/or financially struggling.

[@jaypence332]

I seen homeless tithing at my local men's shelter I volunteer at. I've seen people in foreclosure at my church tithing. Giving is amazing feeling and no matter how broke you are it's still nice to give.

[@Glass088]

Jay Pence Security feels better than giving....How can you help someone else if you can’t even help yourself

[@davidfajardop]

Jay Pence maybe that’s why he’s homeless. Stupid people giving money to churches

[@jtg2525]

Jay Pence why is it just for a church to TAKE money from those who are struggling so much?

[@tomd1434]

Wait what is tithing lol?

[@robertalvarez8689]

Tithing is not a necessity. Poor people who have 4 kids who are thinking about defaulting need to use their money in other ways.

[@crashley1986]

Thank you!!!!!

[@silverdoggg]

EXACTLY!!

[@contemporarymale]

10% of their 50k take home is 5000 dollars.. they owe 3000 in credit cards and 2000 in medical bills. The church accepting their money should be audited and taxed for their crimes.

[@luciogutierrezjr2452]

. 50k take home is $4,166.66/mo. Less then half of their income is for mortgage. They are more than capable of living and paying down their CC debt/Medical bills. People don't want to struggle a little for a while, that's the real issue.

[@lefthanded5473]

@@luciogutierrezjr2452 I agree 2k Shouldn't be bad for 60k take home income. But they do have alot of debt, and kids. Which makes everything a stress. But it's doable as long as utilities and other debt payments are 1k or less.

[@23ofSeptember]

I'd love to see a follow up video about these people that call. I wonder how many of these callers actually change their lifestyles and spending habits. I'm willing to bet that not many of them do.

[@jtg2525]

STOP TITHING if you are considering defaulting on debt payments!!!!!! 4:00

[@Essays4College]

Give with time not money if you can’t afford to. Time is worth more than money!!

[@staceystrukel1917]

Exactly. You cannot give what you dont have.

[@As_A________Commenter]

Do you have any idea how much it costs Joel Osteen to fuel his jet? You guys are just selfish

[@lorirogers9304]

Tithe is typically 10%

[@jtg2525]

@@lorirogers9304 and your point?

[@Not3xactly]

These videos always put things into perspective. As someone who lives in Los Angeles, $1925 sounds really cheap. Our mortgage including tax and interest is $3800. Also an adult couple making 60K sounds crazy low.

[@back2the80s]

Not3xactly so what? U make more money. Big whoop

[@clayemenhiser]

Why in the world would you pay tithing when you can't afford to pay for yourself? That seems so illogical

[@lorirogers9304]

Brainwashed

[@mox542]

Why is it the same type of people who call in with same ole problems always “just completed baby step 1” 😂

[@gammayin3245]

Dave is Awesome!

[@timsmith2193]

40% off? you messed up some math.

[@WCGwkf]

It's like they heard a salary and expected that in their pocket then got dinged with everyrging. Company probably doesn't pay much of their insurance along with other things deducted like that thing called tax they didn't account for

[@desertguy1362]

I hope her job is not in accounting

[@slhines7]

This seems like the new trend due to housing prices being at all time record highs.

[@britneyog9537]

We make around 300k and our mortgage is 1200. Live below your means. Less stress.

[@richardramfire3971]

You’ve done an amazing job Dave.

[@blackericdenice]

The first thing is to stop giving money to the preacher.

[@christopherliotta5008]

You're an idiot

[@RoyalSunset9876]

Totally agree, tithing isn't doing anything for her.

[@AlexanderGeorge]

People are religiously brainwashed..

[@christopherliotta5008]

@@AlexanderGeorge you have to ignore facts to not believe in God. Leftist ignore facts in every other area of their lives as well.

[@AlexanderGeorge]

@@christopherliotta5008 so God is politics related?

[@koolkidangel18]

Yea she can make the payments but im guessing they dont make enough to save for emergencies.

[@tymom9313]

They need to sell house & camper before they can start baby step 1

[@FrankCastle-he8fl]

My god I make 3x they do and would never pay that much a month for a house

[@jaybo619]

Frank Castle same! Salary is $150k a year with a $1250 mortgage, no car payments, no camper lol.

[@bettysmith4527]

@@jaybo619 not everyone lives in an area where house prices are low, unfortunately.

[@mariahw7451]

What do you do?

[@vjay6667]

Is $1250 including property taxes and home insurance or just principal and interest?

[@Painfulwhale360]

Frank Castle congratulations

[@vicepresidentmikepence889]

America's obsession with buying a house has got to end..today

[@GalbertKun]

Lord Beasley Exactly. If one does not have have it, they don't have it. No shame to admit that.

[@Light-vu6ws]

I know right. No one really needs a house anyway.

[@zdenek3010]

There is nothing wrong with wanting to own a house. The problem is they often need at least 3 bathrooms, 5 bedrooms and most importantly artificially looking greenest lawn you can find.

[@blackworldtraveler3711]

Lord Beasley Seem the obsession is buying homes they can't afford. And lacking in math skills.

[@danielb3863]

Not going to happen. For most people being shunned by family and friends for not following "the norms" of life is very real and keeps people in an endless cycle buy, use. dont reuse and buy again....all with interest. See it here in Atlanta every day. You have a hard time spotting a car over 7 years old on the streets unless you go to a Walmart parking lot. Most people I know who are debt-free or that at the very least minimal debts and a simple life are usually by themselves and no one wants to deal with them on either a platonic or non-platonic manner. I work in corporate America and have co-workers how believe car is ticking time bomb once it hits 30k miles and must be disposed of yesterday not today.

[@robthetruth5695]

tithe? making 50,000 with 4 kids and are underwater with finances? Charity at home comes first! So now giving away $500 to a church would have to be adjusted until i can do better!! I'm sure Jesus would understand!

[@ChrisMFlorida]

Jesus will find a way.. just give him 10%

[@KnockoutInvesting]

10% of 50k is 5,000

[@jaypence332]

Giving should be 1!!!!

[@AlexanderGeorge]

But what if God doesn't exist?

[@noahpotts4947]

Alexander George But what if god does exist

[@sxnchize1217]

$1,925 must be nice 😂 wish California was that cheap

[@karenkramer3760]

Right!

[@asiac8968]

Some parts of California are that cheap.

[@everardoaleman2252]

I pay 650 on my mortgage. Not the best house in the block, but its not the worst.

[@zaidchalabi1599]

Sacramento area I pay 200 more for a very nice bigish house

[@Danie-n2n]

I make $3500 a month and my mortgage is $3200. I can afford it. I have credit cards.

[@judydesigns]

Sometimes you can negotiate your medical, see if there’s a sliding scale and worse case ask for a payments plan. I hope everything works out, sounds like a lot. 🙏🏽

[@MONi_LALA]

We found this beautiful home that's a little bit out of our reach. But it's a rare to find a house that everyone in our family lobe it. We can get mortgage for sure but the mortgage double from our first mortgage. So we decided not to buy it since it'll definitely put us in a panic mode everytime we have to buy the mortgage.

[@josej-h1471]

That's scary! I purchased my first home last August! 180k and I make 55k a year, only one income! I hope 🤞 I can pull this off !

[@al.e123iis7]

Jose J-H work hard u will..

[@unknowingreaper6556]

Still kinda high but it’s doable.

[@BLdontM]

That is a lot of house for your income. I wouldn't say it is impossible, but your life will not be very fun. There wont be much going out or going on vacations for you

[@Green_Ninja325]

@@BLdontM Agree, I bought at 160k on 75k income and even I had to no-life it for a bit to pay for repairs and furnishings.

[@maxinef6654]

I thought banks loan you three times salary for home loan? That $180k seems high. Three times your salary would have been $165k. Make sure you stay on a budget with no other debt if possible.

[@cristinafrw]

The Four Walls -groceries -pay lights & water -house payment -gas

[@k.b.9716]

Yes. Necessities first. Losing a game is not a big deal. Thank you!

[@donaldomartinez5773]

I rather call myself stupid before Dave calls me so...I for sure have my share of it. Thanks Dave for your great advices🙏

[@sgtcrab1]

Forget the tithe. Send "thoughts and prayers" which seems to be the American answer to tough situations.

[@kaohsiung99]

Dave gave her good advice.

[@shanada2432]

😅😂🤣🤣

[@annastarr2043]

Bwahaha

[@dodgeplow]

@@kaohsiung99 He did. and Sgtcrab gave her an additional 10%

[@kaohsiung99]

@@dodgeplow Dodgeplow, please don't feed the trolls. (People have known this for decades!)

[@notgaybear5544]

The video title sounds like the opening line of a very sad country song. Next line..."We made a promise that we couldn't keep."

[@jani7244]

smart guy, greetings from finland!

[@QBL11104]

No basic math skills. Making 60k and your monthly mortgage is $1,900 is beyond stupid.

[@MC-so6wb]

Ahh the good old American Dream!

[@sharinglungs3226]

Watching this I’m always amazed how easily people let their finances tumble out of control.

[@D1Junk]

If you owe debt to a credit card company and they attempt to sue you and garnish your wages, get an attorney. They can get you out because there is a loop hole they cant sue if they write off your debt on their taxes. Any damage done to your credit score will be removed as well.

[@ryandevlin3057]

This is why mortgage brokers ask for job history and steady income so you don’t end up like this family .

[@mikehunt545]

Listened to a bunch of these programs now and I'm curious why I've never heard Dave recommend renting out spare rooms in houses, easy source of income.

[@karenkramer3760]

Mike Hunt, best comment I've heard. They should not sell a house they just bought either. They will end up losing money right there. Dave should research real estate before giving advice. There's escrow fees and realtor fees as well. They will end up in the hole after selling. Sheesh, just stop tithing, sell trailer, get a older used car, use coupons, and so much more to cut back. Don't sell the house.

[@kaohsiung99]

Yeah, I'm sure they would like to have someone named "Mike Hunt" living in the house with 4 kids. What could possibly go wrong?

[@karenkramer3760]

How about Michelle Hunt? Do a criminal check, credit check, and eviction check. Tell her she can't bring any men in the house. There's a right way and a wrong way to do everything.

[@evanworthington78]

hold on... did I just hear him say she should be tithing? If so, can someone please explain how that makes sense in this situation. Thank you.

[@davidgreff2799]

God first. Family second. Material third.

[@alisagraham6513]

Tithing...was under the Mosiac Law

[@davidgreff2799]

Yes, but here, "tithing" doesn't exactly refer to the tenth, but I believe it's being used as a substitute for "giving cheerfully toward the kingdom of God (with 10% being a recommended minimum)."

[@mitravaruna]

Giving is the secret of abundance.

[@HealthEri]

It doesn’t make sense. I won’t worry about tithe until debt free. God doesn’t need my $$ that much. He prefers me to clean my house first (debt free first) before cleaning the lords house.

[@ImaITman]

Dude, who does this. I'm blown away

[@workingtools2999]

Please make Every dollar app available in Canada. I tried to download it but it says "not available in your Country". Thanks you.

[@2011blueman]

I'm curious how someone gets that large of a mortgage on just the husband's limited income (since she didn't have a pay stub).

[@shahmask]

Wow, four kids, tithing with money, camper and 2k/mo house on 60k. how did the bank even approve this loan? that's 40 percent of their annual income. something else is going on that she's not saying.

[@tomjones2157]

Nope. Banks do it all the time.

[@jp-gy3vh]

Well at least they’re taking all the right steps to get out of the mess they created

[@alinalemanska6837]

A question. If she sells the house then where is she going to live. Rent prices is more than the mortgage she pays now. 60,000 a year would be luxury to me. I make about 20,000 there is no place to rent with that income.