We Bought WAY Too Much House!

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[@ezyryder11]

Dream house, dream truck, everything is a dream with this caller. You have to live in reality.

[@alexarivera9076]

Lol dream dream dream lol

[@hfg8604]

Haha well said. The debt ain’t a dream tho. That’s real lol

[@sweetfayce18]

😂😂😂they need to wake up

[@alexarivera9076]

@@sweetfayce18 The coffee they are drinking isn’t waking them up 🤣

[@karimbennett5651]

And you don’t get to live in dreams when you’ve got three kids to raise!

[@keenanthrower1806]

This just makes me appreciate my 1000 square ft home even more. I like to travel and still put money in the bank. It just shows you bigger is not always better.

[@ToddRogers00]

It really never is! Change my mind.

[@grilleFire]

1000 sf ?? Geez ... You like living like that?

[@keenanthrower1806]

@@grilleFire it's a two bedroom two bath home and I'm not married and have no kids so I'm comfortable living in it and plus I live in expensive New Jersey 😂

[@penguinc2653]

1200 sq ft has been great for just me and my wife 👌

[@reese85]

@@keenanthrower1806 Jersey is not that expensive! Your prob paying like 1400 a month for your apt and you have 2bed and 2bath!

[@BengalTiger47]

They make $125k a year combined and have a $577k mortgage? And he bought a “dream truck” on top of that? Congratulations, you played yourself.

[@alexarivera9076]

🤣

[@kchillhall1968]

One quarter after another and time kept running out

[@Familiadude]

We made 80k a year and had a 450k mortgage........luckily it went up 200k in value and then sold and moved to a cheaper area

[@BengalTiger47]

@@Familiadude but did you also buy that “dream truck” you always wanted? I know how the guy feels, I have a car obsession as well, but I’m also not an idiot. We make around $210k combined, and the max I’d go with my car purchase is around $60k with a $20k down payment at minimum.

[@Familiadude]

@@BengalTiger47 I also have a car obsession however other things tend to take priority first over my "dream truck" It's funny how people can go out all the time or smoke and drink but as soon as you buy another car people lose their minds. No way I'd want a mortgage that big again though

[@TRC19999]

Trying to keep up with the Joneses always leaves you broke

[@Carmen0777]

True! Need to learn how to be content and you will have peace of mind.

[@ruthirwin8222]

Ypu didnt buy the truck you paid a finance company

[@daveblackman816]

Just no point of buying a big house unless you need the space. Otherwise, nobody cares about your big house. They’re not living or paying for it, you are.

[@d3r3kyasmar]

Agree.

[@blurrble5]

Bigger house just means more to clean

[@leee3880]

@@blurrble5 also more flooring, roofing, siding, windows, and so on to replace. Also higher taxes, insurance, utilities and whatever else.

[@xenn4985]

Small house big land is the key

[@Dad-979]

I carw

[@90kevin20]

Says he likes to flip houses but yet he sells when he gets a tiny bit of equity and probably loses it to selling costs.

[@desertguy1362]

Exactly thinking this guy is just breaking even no really making a killing after fees

[@chaoyishih8324]

Consider he is not pro flipper, consider the time he put into the house, his hourly pay may be less than driving Uber

[@timcritchfield]

More like did he pay his taxes as well? He has to pay Capital gain taxes. Lets also not forget he has to pay agent fees 10 - 30% and anything he owes back to the mortgage lender.

[@Alex-kj2kq]

He better off if he held them and rented them

[@elizabethallen4353]

💯💯💯🎯

[@thomaschew2191]

As Rachel states so well, getting rid of debt, living below your means...reduces stress. I would add that it is unnecessary stress.

[@chocolateangel8743]

Well, I think it depends on the person. I think it works well for people who don't care about materialistic stuff and view money as a safety net. For a person that prefers experiences and has the mentality that "you only live once, " living below their means is challenging because it equates to missing out on things. People with this mentality don't necessarily want to wait until they are retirement age before they can do certain things -- especially when their health could impact what they get to do.

[@peartfaldo]

self inflicted stress

[@rolandrahn8343]

He has no other debt. A little later, he mentions his $500 payment on his truck.........

[@geomodelrailroader]

that is a red flag right there he needs to get rid of it the truck is about to be repoed he needs to pay it off and get rid of it and he can grab it used once everything is paid off.

[@debbiericker8223]

Oh, yeah, he forgot about that.

[@synelpt2927]

Basically he has his dream home his dream truck and still not happy. Take away? Material things do NOT give you happines.

[@xiomaragomez6649]

Peace of mind is priceless!

[@Miss_Dani_DWhit]

Agreed

[@drlax15m]

loans don’t give happiness, ownership does

[@bellmattwebb]

Sounds like a nightmare house, not a dream house.

[@jimroscovius]

Agreed - it's a nightmare. Start working more - both of you!! Or sell.

[@bettysmith4527]

This type of call is going to become more and more frequent, especially as we go into the recession!

[@Bob-yh7ir]

Our house was 900 SF when we bought. We have built on over the years and now it's 1300 SF. Raised a child and had many sleep overs, bday parties and still have cook outs for the neighbors, etc. Lots of outdoor space as well. Plenty of space for just my wife and me now. Easier to maintain and clean. So glad we did not buy that big house we were looking at. I would have hated it and would probably still be paying it off, but instead we paid this off in 17 years. Now we travel a lot and are away from home for stints at a time. We are retiring early in our 50s and will be out of country for months at a time. So no need for big house sitting empty.

[@vh1775]

My mortgage is 50% of my take home. A 650 sq foot flat in London 😭😭😭

[@darex0827]

London is insanity. Right up there with New York and Hong Kong.

[@nancyt6895]

Yeah, but London. ❤️

[@mathisnotforthefaintofheart]

You are forgiven...it's London after all🤣

[@myyt3824]

No.. no forgiveness for it being in London. That’s nauseating.

[@pinoyshortride5195]

move to birmingham or yorkshire

[@mikesawyer4707]

Rachelle is so sweet and a comfort to listen too in this conversation. I believe Dave would have had the same advice but, Dave would have been just a bit more direct with this caller. God bless them all.

[@bnorvs5929]

“Stop dreaming! You’re broke”

[@dr_pinna543]

Some people need the kind guidance some people need the blunt wake up call.

[@meomeomeomeow]

David did such an amazing job raising this young lady.

[@Avendale]

Buyer's remorse.. its a real killer, especially with houses.

[@mathisnotforthefaintofheart]

It never happened to me with houses but it did happen once to me when I bought to "much" of a car (with a ridiculous high monthly payment which I only came to "realize" once I got home). Emotions can do a lot with the human mind, even if you know how to calculate, like I do. The car was great otherwise, but thanks to the strange Corona economics I was able to sell my car for the same money I got it for. So in that sense I lucked out. Got a cheaper car and sleep much better at night.

[@reese85]

@@mathisnotforthefaintofheart what was the car

[@JohnDoe-gc1kt]

@@mathisnotforthefaintofheart thats why you don't go looking for things to buy. You do your homework then purchase what you need.

[@mathisnotforthefaintofheart]

@@JohnDoe-gc1kt That's how I normally do, but like I said, it was a great deal but I sincerely did NOT know about the AWD issue. Anyway, we learn from mistakes.

[@jason41144]

He thinks the house will go from $690K to $950 K in two years? Unless they're rebuilding the whole house, no way is he going to make that kind of money back that quickly.

[@joseCalderon1976]

And with how things are unfolding in this housing mess AGAIN, his house might end up losing equity 😢

[@mjwmontgomery]

Inflation is really high.

[@johnSmith-uz8nl]

@@mjwmontgomery not to bright

[@found_treasures831]

More likely $690 to $550

[@joejohn.]

People have warped views after these past two years.

[@babytexan3038]

This was a great answer! I'm usually less interested when Dave himself isn't there, but I thought both of them were helpful and nice to listen to.

[@geomodelrailroader]

Dave would give him the same answer and Rachel was there when Dave went bankrupt so she knows the solution to this one.

[@kurts6741]

A bigger house means more upkeep expenses. No money to furnish. Higher heating and cooling costs.

[@therealbenjamin789]

Lol he bought a 680k home with a household income of 120k thats terrible. The bank knew they would go under

[@kyloren8133]

I think he should upgrade to a 900k house

[@Dan16673]

Deoends on down payment. I bought a 611k on 160k income but I put down 400k

[@megalodon1726]

@@Dan16673 they owe more than $500K on the house so it's still too much for their income, regardless of what the down payment was.

[@therealbenjamin789]

@@Dan16673 Dave would of told you to buy a 400k home and be debt free. But you gained 200k in debt

[@Dan16673]

@@megalodon1726 wrong. if the downpayment is high enough ALL of that changes. now it isnt even close to being what it needs

[@andreakumar2984]

Dave would have ripped into him Rachel and Ken were a little nicer

[@user-ne9wp8ve5u]

Dave doesn’t sugar coat anything!😂😂😂

[@Equatis]

Crazy numbers. My single income is as much as they both make and I could never imagine buying such an expensive house.

[@doomtomb3]

3x your income for the amount you mortgage would be more reasonable

[@TERRORIZERRRR]

We have no choice in California $680k is cheap out here

[@1227Masher]

No kidding. I make double what this guy does and I owe just $95K on my $500K house here in San Antonio. These debt levels are insane!

[@blackcarbon7854]

This guy spends money like a child

[@darylallen2485]

Awesome that Rachel got to speak without being cut off for once.

[@ytr8989]

Maybe if you sold it and bought a smaller house. Maybe that would work. 🤔

[@dosprompt5418]

Three houses in that short time frame is tough...think of all the closing costs and relator fees..ugh

[@TheFlyingZulu]

My parents did the same thing when I was still a kid... They had a new house built back in 2000 for 100k with me and my younger sister still in school. My two older brothers would occasionally live at home also. I was hungry many a times going to sleep after a dinner that was rationed out. Tuna "salad" and crackers was for dinner most of the time. And by "salad" I mean it was canned tuna mixed with chopped celery and mayonnaise. I don't eat canned or packaged tuna now as an adult because of my childhood.

[@iamhischosen3866]

Unfortunately you had to go through this.

[@superblump87]

100k house? Where was the rest of their money going?

[@rustykatt3870]

I agree with I am His Chosen, it is unfortunately you had to go through this.

[@thetruths7389]

$100K house in 2000? That is CHEAP if it's in CA. Where was this house and how many bedrooms and baths?

[@chrishart8548]

Thats only $172k in today's money

[@vicepresidentmikepence889]

It seems like all of Ramsey's callers problems begin with the sentence "We bought a house"

[@ytr8989]

“We bought a house with the student loan funds”

[@stevenporter863]

That is because a house really should be bought with wealth, not to build wealth.

[@mustangthings]

The real fiasco begins when he says “I bought my dream truck” 🙄

[@redfox_84]

"We bought a 500k+ house" or "I bought a truck"

[@jordanmcmurray5785]

Lol those numbers are not flipping numbers, these are regular appreciation with mild DIY updates. I recently bought a house for 82k put 90k into and sold it for 251k, that is flipping. Also sweet baby Jesus, owning a 850k house making 125k, that house owns them!

[@triumphant3629]

How did you manage to fund this investment? I’m also looking to flip my first home for my wife and kid

[@jimroscovius]

We own a large house, but we bought it when we had kids, and it's paid off. Now we can enjoy a bar and home theater in our rec room, a family room, and a living room. We did live in a too small home while we saved towards a larger one. Just. Get. It. Done.

[@sheauwn6974]

"I bought my dream truck" "My truck payment is about $500 a month" These two sentences are contradictory.

[@jjbdbd8279]

💯💯💯💯😂😂😂😂

[@reese85]

Makes sense to me

[@sweetfayce18]

😂

[@LLOW1]

The correct statement is “I FINANCED my dream truck.”

[@GeorgeAusters]

I'd much rather have money to live with than living in a house where I can't do anything

[@drlax15m]

you can do both and still be way above 25%

[@spencer4708]

Wait a second… they only make $125k per year and thought they could afford a $680k home!? My partner and I make over 200k, both have income producing duplexes, zero debt, paid for cars, 100k in the bank and we are concerned to buy at 400k right now. Insane how people come to these conclusions…

[@TuyetNguyen-pp2ew]

If you had to use 401k for a down payment??? Come on man!

[@reese85]

What’s wrong with that?

[@superblump87]

@@reese85 nothing, if you don't want to retire.

[@catherinep2034]

1st time buyers here in Australia can access their Superannuation, to use as a deposit.

[@reese85]

@@superblump87 lol taking a small amount of money out for a down payment is not goin to kill you! Plus by the time he retires, his house would mostly be paid off or close to it which would add to his net worth, making it more worth it

[@Ethiodawg]

Awesome advice! He is going to be okay. He sounds like he is a responsible person.

[@Matt-cr4vv]

I’m not sure id agree that someone who cashed out their 401k to buy a house that takes 48% of their income as responsible per se but he has hope since he doesn’t seem stubborn.

[@amandalee714]

This didn’t age well. She said you can go get land and a house later.. and now interest rates and prices are insane.

[@RJRussoVids]

Dream properties are often financial nightmares. 🤦‍♂️

[@JohnDoe-gc1kt]

This is why I don't dream

[@cgasucks]

Can't believe he confidently says the price of his house will rise next year. The asset bubble just burst buddy.

[@unisonosc1617]

no kidding, next spring he's likely underwater on it.

[@johnSmith-uz8nl]

The guy is not to bright.

[@mph5896]

Feels like 2007 right now. 🤕

[@drlax15m]

@@unisonosc1617 he won’t be under water in a few years, unless it’s a Detroit situation

[@robertvalinsky9804]

@@johnSmith-uz8nl *too. How ironic.

[@brenbuchler94]

Wut...... 680K mortgage on 125k income!?

[@KS0102]

I know, right? He should have plenty of money to pay the mortgage. Also what happened to the profits on his flipped houses?

[@brenbuchler94]

@@KS0102 probably rolled into the down payment!! I was thinking a 680k home seemed wayyyyy too much! My wife and I have slightly more income and would faint at the thought of a 3k+ mortgage payment and based on the numbers here it sounds like that’s on a 30 yr note too

[@Ka_Gg]

I know a girl that was somehow approved for closer to $400k. She makes around $45k/yr. She just laughed at the bank. The amounts of money they are giving out to ppl is ridiculous.

[@brenbuchler94]

@@Ka_Gg Exactly! I don’t understand it. Seems predatory to me from the banks side however, I think when alot of people get pre-approved they confuse their total “qualification” amount with their budget.

[@MrTmenzo]

@@Ka_Gg probably with a co signer or fraud. No way a traditional mortgage only making 40k.

[@maverik15j]

I guess saying 48% makes him feel better.

[@danielvalenzuela8814]

At least it's not 50% of their income.

[@charlesg7926]

I feel like it depends on the person. We have a big house but our rentals pay for it

[@RF-lg4rq]

@@danielvalenzuela8814 thats the spirit!

[@Josh_Morales]

A much better would be to buy a much smaller house that they could easily afford with their budget, use the extra income towards investments and retirement and once the house appreciates in value and their investments grow, they can then sell the house for higher than when they got it and use the cash and some of their investments to upgrade to a bigger one in 10 years. It’s far better to buy a small house you can afford 2x over than a big house that you struggle to pay 💰

[@joseCalderon1976]

Wow. The first caller really messed up 🤦🤦🤦. That home OWNS him and it's a nightmare now.

[@lkj0822g]

Actually, their first home is more in line with their salary constraints. Hopefully, what he said about the values are correct and he will sell and come out of this with money in his pocket. I would go ahead and sell if that is what the goal is. Notwithstanding what Dave says, many areas are already seeing housing prices pull back. He may put more money into this house and never see the $900k+ price next Spring.

[@chrishart8548]

The rates are already going up the price has probably already fallen a load

[@drlax15m]

they wanted to cash out their property value increase, but you lose it buying an even bigger house

[@DMS1010]

125 per year buying a 700 k house is ridiculous Their dream home, their dream car Insanity

[@Dan16673]

Delends on down payment which he only did 100k. I bought 611k on 150k income but put 400k down

[@kufufinmufinable]

@@Dan16673 I agree that it depends on all the factors affecting the payment. How much they put down, their interest rate, do they have PMI insurance, etc. We bought our house for 620k and put down 150k and our income is about 130k a year. We got our interest rate at 3.125 before the rates got too out of control and our payment is right around 29% of our income.

[@thesig301]

They must’ve put a small down payment and have a high interest rate because their income is $120k/yr, doing the math the mortgage should be like 3300 before the interest rate hikes.

[@raphaelszok8561]

Some that think they need to upgrade to a higher priced. I am glad mine has been paid off for 18 yrs. Keeping up with the Joneses don't impress me.

[@daneog]

Our combined household income is 3x theirs and we're STILL nervous about moving out of our $250k condo. Sheesh.

[@melowely]

Wait so you’re making around $375k? I get being careful but you can definitely comfortably move out of that condo.

[@drlax15m]

I bought more condo than you on way less and live very comfortably, what are you doing with your money, lol

[@Unami0929]

I can relate. My house is 49% of my take home $. I got the house in the divorce so it’s been a struggle. I opted for a number of short-term renters, when I can land one, over the past 18 months, and that took my payments down to 35%. I can breathe at that level.

[@75andbreezy89]

Hey if it works. Why not rent the whole house. And you can rent somewhere cheaper. If you can hold on it will be a great asset.

[@chrishart8548]

@@75andbreezy89 I rented out my flat so I could live In a house with my family. It's a pain being a tenant having a tenant. Being a landlord and having a landlord. Feels like 4 x the stress.

[@75andbreezy89]

@@chrishart8548 it is. But it will be worth it. The trick is to scale up enough on rental properties where your cash flow covers a property management co. If you find a good one they take care of 90% of the work and cost about $100/ mth. You also pay around 50% of first month when they place a new tenant.

[@VincesInHocSigno]

Dude, if it's their dream house then wouldn't the $500/month gone from selling truck, then a little extra work from the wife perhaps free up enough to not be sinking with no other debt?

[@tbone4075]

Facts! Get that wife full time to enjoy your full time life 🤣😂 Women wants equal rights correct? Then equal 🟰 up

[@juangonzalez4376]

Mrs Cruz is a most worthy Voice to carry on her PROUD PARENTS Legacy in the Financial coaching industry

[@juangonzalez4376]

Who needs Santa Claus when there’s Dave Ramsey lol

[@jamesghiorzoe107]

The best person would be someone who has had the same financial failures and successes that Dave experienced.

[@Emerica771]

Rachel’s face when he said he pulled his 401k lol

[@earthring]

Having a huge home that is way too much is our parents dream. I am very happy living in a reasonable home with little stress and able to do all the little things

[@dcamnc1]

No one wants to go at the speed of cash...until they get in over their heads.

[@andrewsmith8715]

I'm learning this the hard way right now. This is very true.

[@OhYeaMista]

“I wouldn’t send her back to work full time” Imagine if the roles were reversed and the husband was working part time. They’d be asking why he’s such a deadbeat and say he needs to get a job.

[@iloveamerica3917]

The house they bought in Fort Collins is probably quite modest at half a million home prices in that area are outrageous and have been skyrocketing over the last several years.

[@lisacrompton7655]

This is EXACTLY the call I needed to hear. Same income, same dumb car payment because "dream house" sucking us dry and taking all our time away from kiddos, blowing though savings and cant invest. Seriously considering "rightsizing"

[@JustinCase780]

It's funny how people brag up their past home sales like they are so brilliant. It doesn't make a bit of difference now. Forgot about a dream truck debt? 🤣

[@crack1270]

Yeah He would have been better off had he not sold the second home and still lived there.

[@drlax15m]

too quick to cash out the equity, just for more home and more expensive upkeep

[@David-wo9un]

He still owes $33k on a 3 year old truck; what did it cost new? What was the duration of the loan?

[@sstrongman1667]

Nowadays. Probably 60k+

[@benficaM8888]

people don't get this, living below your mean, doens't always mean deadass broke. most of the times, you'd realise it's very livable and comfortable.

[@Squiddogg]

How can you NOT buy too much house in this market? I can barely afford a shack in the ghetto.

[@kaydublin5164]

When we purchased our second home 26 years ago, we bought the cheapest model in a new development, to us it was our DREAM HOME, cause we could afford it, fast forward to now, we paid it off last year. 😊

[@matthewroser-brown1206]

“Dream truck” “dream house” these phrases are a justification for spending more than they can afford.

[@molloytaylor]

An arrow has to be pulled back in order to launch forward!

[@TrangNguyen-se2gw]

I wonder what his wife did for a living or if she had any other previous job experience. If they were able to increase her pay to something like $60k-$65k, they could hold onto the house.

[@jasonwoods5966]

He got off easy! Don’t be afraid to bring the shame.

[@kimjungboom4524]

My wife and I make 185,000 a year and live in a 1200 square-foot house that we bought for 335k lol

[@Tom-op1pv]

Recent Ramsey fan here and moving to Fort Collins this weekend… oh boy.

[@99treb9]

Lol come on man said he just has 3k in debt and then mentions he owes 33k on a truck…. I would sell the truck before the house man… thing is probably chugging gas…. his house payment is fine. Also what happened to all the other profit from the houses that money just disappear or something..

[@mysticaccy]

Exactly and the truck is going to depreciate in value. They probably can do it if his wife go fulltime.

[@ykciR]

How is the house payment “fine”. His home is 50% of his pay. he’s gonna work until he is dead if he keeps it because he also said he’s not able to invest because of the house.

[@camschroath]

That's what I was thinking too - you talk about making $50K each on two house flips - assuming some equity in both those houses you'd think they'd have bought the $680K house with a full 20% down payment so I was surprised to say he borrowed for it

[@catherinep2034]

Her car is paid off, so that could be part of the profit.

[@greasycorndog307]

120k is not much income for Fort Collins as a family. Definitely a good call to downsize.

[@lucasday7330]

Amazing I have a household income of $180k and I feel like the $260k house I have is too much lol

[@Dan16673]

All depends on kids. My 1500 was fine until kids. Than I bought a 3300

[@reese85]

@@Dan16673 exactly! Kids will make a house seem small

[@IrisP989]

bet not California. Can’t find a house for that price. It will be a mobile home or a 1 bedroom condo (in the past) in Southern California.

[@tylerhair9067]

Dreams turn into nightmares in an instant.

[@YuGiOhDuelChannel]

It is funny that we all call in but we know exactly what they are going to tell us, sell everything that is in debt and get out of debt....sooooo insightful lol

[@Matt-cr4vv]

One would imagine that you don’t call in expecting different answers then have always been provided for 20+ years

[@johnSmith-uz8nl]

Home values r going down and interest rates r going up.... it is a pipe dream that the house will be worth more.

[@kevinupton900]

Can we just take a few moments to appreciate Rachel’s beauty. Geeeez

[@chuckiedavidson719]

If the wife isn’t sitting home with kids she could get a full time job and easily double her salary. They could sell the truck and the house and really build wealth

[@stephenbaughman3006]

What? You will not get 850k for that next year. have you not hear that house prices are falling, not rising?

[@davidkasparian3813]

People be sounding so goofy when they in serious debt these calls are hilarious 😭😭😭

[@alexarivera9076]

🤣

[@paulmoore3280]

She said s*it and then corrected herself. Lol. 🤣😂🤣

[@genxx2724]

No she didn’t.

[@sseraj2898]

She said shoot shoot

[@paulmoore3280]

No. No one says shoot twice... She corrected herself. Lol. That was hilarious. 😂🤣😂🤣

[@seanjean9677]

I make a decent amount of money…no way I’d buy a $600k house

[@Rachel-ul8et]

West Coast that’s not a extraordinary price, which is a huge bummer. What state do you live in? Do you like it?

[@Dan16673]

Not sure Colorado is the coast but ya

[@seanjean9677]

I live in South Florida. My townhouse was $390k November 2020.

[@Dan16673]

@@seanjean9677 i live in ft myers. my new 3300 sq ft house was 600 but the same houses were selling near a 1 mil a 8 months ago

[@seanjean9677]

Wow!

[@bohan9957]

A dream house and a dream truck....LOL

[@davelospinoso9022]

Real estate is an asset, this guy isn't doing as bad as he thinks

[@ThatGuysGuitars]

If they can clear $200k selling the house, that’s the answer. Sell the house, and get into something more affordable

[@pherr24]

Dude could make 300k-400k on the house, has 10k over on the truck. Could sell both, buy a car in cash and probably buy the house in cash or better yet, put it all in his 401k and literally have a reset and probably end up ahead

[@tonystone8584]

That thumbnail though! Wow

[@flea4061]

People like this is why housing is so expensive.

[@roybatty6368]

Territory Sales Manager? What's that even mean?

[@justafryguy]

Great advice. Best thing is to sell, sell the home and truck.

[@Chromewarrior]

Why is it most people call after they make a bonehead move ?

[@patrickchilds5486]

Bought a 1 million short sale in 2015 put 200k down. Homes worth > 2mm now but scary the bills that comes with that home. Looking to downsize.

[@ychongy]

Im 38% in mortgage from my take home pay. 3500 sq ft house. Sacrificed and live in cold Wisconsin.

[@johnanderson8385]

Rachel looks more elegant with her hair up

[@ClaxtonBay123]

Nobody cares about that

[@stevenyia2778]

@@ClaxtonBay123 you mean you don't right?

[@lyndaslocs]

In general, house prices are decreasing, so he may not make the money he is expecting if he sells his current house.

[@rodrigocortes3641]

Specially in Colorado. They are dropping hard.

[@robr268]

The kids are 4,8 and 10. School age. She needs to bring in a extra 1,000 a month....he needs to doordash 500 a month (125 a week,.super easy) and keep everything. You all aren't working hard enough!

[@fabbz94]

Does he know how much houses in his state are coming down? And who knows what he can get for it next year.

[@chrishart8548]

If it came down to $375k he would be able to afford it

[@Cesar-pq2ck]

He’s the problem. He’s a spender.

[@emilo81]

A lot of people bought a house too big or cost too much because they didn't want to miss out.

[@rachellebrown9830]

The problem isn't the house and truck payment. Where does the rest of the money go?? Tell the truth!

[@celestegranell8766]

If they want to keep the house, His wife needs to work too. $20,000 a year is not enough for them.

[@ed5357]

$680k house making $125k. A little crazy. Years ago, We were making about $280k and I was not happy with wife when she chose a $335k house to buy. A House is typically expensive to keep up, so it can easily become a major burden on someone family’s budget.

[@Ka_Gg]

You mean "when WE chose a $335k house to buy"

[@Brandon-ol1fv]

I wish Dave would have taken this call and ripped them a new one for being so stupid and making an excuse to buy a home that’s 50% of their income 😂😂

[@User.9.459]

You can go buy land again in a few years...and pay more money for it lol