“You Can’t Afford a $1,000,000 Home!” 

It’s funny because it’s true

The only smart comment he made the entire time, was pointing out how bad the schools in Denver are, and how quickly it is going downhill due to… ya know.

But they definitely should buy a townhome if they have teacher salaries and only 83,000 in the bank. That’s pretty much their only realistic option

just like Joe Biden and most democrats lol. they thought they were living in the first world but in a few generations they turned it into Haiti, and they have to now spend $1m to afford a house in the homogenous places where its safe and not 3rd world lol.

@@charlesg7926 yeah, they need to spend a bunch of money to live in the white neighborhoods, its ok to say it dude. we were afraid to be called "racist" or "Xenophobic" and because of it now america is less than 60% white and clearly its not been getting any better for whites or anyone else. people refuse to admit that Europe and the US were safe, unified and rich because of its high average IQ homogenous populations with a certain culture. multi culturalism is a clownshow that leads to nothing but conflict. when you import the 3rd world you become the 3rd world. im half mexican and half white and im smart enough to admit that white people created the best countries on earth, not mexicans, not africans, not middle easterners etc. there are a few decent Asian countries like Japan, and SK, which again are ofc high average IQ homogenous places with European/american influence in theri governing style. dont forget that it was whites that came up with the concept of democracy, before the USA every country on earth was a tyrannical dictatorship

Yep!!!

How do you know? They didn't even ask his income.

@@jaredgates4310 He works in the school system. He's not making enough to afford a 7-figure home unless he has significant outside income.

@@OtisFlint This is 2024....his wife likely also has a profession.

Issue spotting is hard for a lot of people. We get a lot out of speaking these out of ourselves. Then we can see how jumbled our thoughts are and be more intent on focusing on what is actually important to us.

He’s been listening to Andrew Tate

He needs to follow someone cos he’s lost

​@@howlbeast Following people is how we remain lost. He just has to sit down with his wife and make a plan.

And sounds like it was sitting in a checking account losing to inflation.

Books? All they need is common sense

@@panzaverde20😂

Common sense has become so rare that it can now be considered a superpower.@@panzaverde20

Yeah it's bad enough when people won't pay off a mortgage when they have double/triple the balance. But the interest rate is eating up his money and he doesn't even realize it.

Like most of these callers lol

Ya probably just like you’ve done in your life. Doing what you want

More likely his wife's way.

@@outwestexplorer1966 Seriously? Sounds like it's his way but he doesn't know shizz from Shinola about reality.

😂😂😂

What’s your interest rate? Just curious

@@Treerootz1 7.125%

My first house bought at 19... zero credit i called probably 10 loan officers.. first 9 laughed at me said call back in 5 years with credit. Finally called 1 said absolutely i can work with you. Id love to. Bring me statements saying youve paid bills and rent on time etc. I did and got first house for no down. 6% rate etc. Little 2 bd. Now ive got very good credit anyway.. but always remembered the realtor and loan guy that didnt laugh at the 19 year old no credit kid wantin to buy a house. Was 20ish years ago now.

@@klardin24 Well, before 2008 crisis they were giving home credits like crazy.

If you've got 20% down, they don't have much to lose, considering they can foreclose if need be and easily re-sell it for 80% market value.

At times he sounds like a special needs person, stumbling to get a sentence out.

it's called keeping up with the Joneses. He wont set boundaries with his wife.... he is suffering from Happy Wife Happy Life syndrome.

right. I watched the whole video and couldn't even tell what his question was supposed to be

That's what I was thinking while listening to this guy. If he's an educator I'm not impressed.

He also doesn't want to leave his job

Extremely intelligence that showed me alot.

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The problem is timing when it comes to Real Estate. Long term let's be honest real estate is a shit investment. Homes historically go up in step with inflation which means it's a net zero in theory WITHOUT wear and tear to consider. It just so happens you need a roof on your head and right now rents are so comically high even in the hood in most part of Florida so many people will justify ownership in the mindset of at least you have something to show for it. Sure if you bought your home back in 2016 yeah you are in good shape... if you are buying now in Florida there are plenty of signals out there to state you bought high and are gonna get rooked. I am seeing rents fall below your run of the mill mortgage payment even on the water. It's not a good sign. BTW banks find ways to leverage your debt in other types of financial products... the interest they make on you is chump change in the grand scheme of things and a good part of what caused the last financial crisis.

Half of 30 years is 15 years. Fifteen years ago $1.50 bought was $1.00 buys today and inflation seems to be rising. The buying power of the $1,080,000 spent over 30 years might equal $540,000 today. Houses are expensive to maintain but tend to increase in value. Not a bad deal to buy a house. Infinitely better - and I mean that literally - than credit card debt (unless the debt is used to capitalize a successful business)

@@stevekru6518 respectively I would say inflation in the last 5 years is about 50 percent if not worse forget about 15 years. My car insurance is up 50 percent since pre covid. My condo insurance is up about the same. My Hoas have pretty much doubled in 5 years. The government is comically under valuing the actual inflation rate at their pathetic 7 percent which is clearly not including those things and of course housing. The inflation rate is probably 15 percent a year at a minimum since covid (printing money will sort of do that) I would argue all debt is bad especially credit card debt and car debt (outside of course positive leverage debt.) Anyone who is buying still comically over priced cars at 10 percent interest rates I really do feel bad for. All these markets are going to correct cause they are all massive bubbles real estate included. These northern prices for homes when people are still making southern wages in the south has gotta come to an end eventually and signs are already here.

And this is what I teach my son!

That's pretty normal for Denver. They had a tech boom 10 years ago caused Bay Area housing prices

My wife and I live in a smaller townhome in the area for around $2200/month. You could find something for around $2500-2600 easily for a 2 bedroom apartment.

My exact thought. They should have waited to breed and spent 2 years in a cheap one bedder to buy a house. They have taken the easy road and its going to set them back. "We dont want a townhome" dude you made your bed now lie in it.

All over the place..

The question is: "If I take an already chaotic situation and then lump a 7-figure mortgage on top of it, will I make my situation better or worse?" I've got an easy answer for you, hombre ...

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Some of these people man - old boy is so lost

He should have called Delony first in order to get his ideas together and after the decision was made, then call the Ramsay show. 😅

He's a man so we can say that.

Real estate is a solid investment but demands effort and lacks liquidity compared to stocks and bonds. Long-term market trends should guide decisions.

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clintscott3300 real estate isn’t as liquid as cash or cash-equivalents, or even stocks and bonds. But I rather the latter. Just as you’re experiencing, real estate can be a lot of work.

It actually boosts it because 0% used gives the best score. My credit “drops” every time it gets reported because they report whatever I spent recently. Even though you enter that

​@@cantgetright742my credit score dropped when I had a zero balance on a credit card.

Good for you! Best wishes for a happy future.

Way to go!! 🎉

Congratulations 🎉.

Thank You@@xlerb2286

Congratulations 🎉❤

😂😂

I don't think there are any $200k starter homes in Denver though, especially not with a second bedroom for the kid.

@@rachelmaddowswife8713 The Denver suburbs or surrounding area? If not, it does make sense for him to move.

@@steve2474 I'd be surprised if there was something that cheap (with multiple bedrooms) within easy commuting distance. That price is considered very low for most of the country now, let alone a notoriously expensive area. If you're lucky enough to have a portable job, you can move to the places that are still dirt cheap, but a lot of people in specialized industries are stuck paying these prices, it's a big problem. The other issue is that most households are dual earner now, and the statistical likelihood that both people can find a good job in their field in rural South Dakota or whatever is pretty low. Educated couples are kind of stuck in major metro areas.

But at least someone will get a margin when he goes through foreclosure.

And then complain about how he's stuck in the lower/middle class.

The wife is saying buy buy buy

That’s how majority of us feel….. Worn out because of reality.

LOL. Why stop there?

@@magicmarker7047 glad you liked the humor. These people want everything now.

@@texasboy5117 They sure do and are willing to go into crazy amount of debt to do it. And how many end up divorced because of it.

You know what’s worse for your credit score… carrying a balance lmao

And barbers recommended haircuts, even to the bald.

I know, it’s a pet peeve of mine when people ask specific industry professionals broad financial advice. Like of course the realtor will recommend buying a house through them……..nothing is worse however than the “financial advisor” who sells annuities, recommending you place a high percentage of your net worth in one of the stock market based annuities they sell. I personally think that practice should be illegal. A fixed rate annuity might have a place as a component of someone’s financial picture. I think any annuities tied to stock and bond performance are pure scam jobs, promising high returns with the reality being that high fees ultimately prevent any significant performance. I also think it’s ridiculous for the people who sell these to be labeled as anything other than salesmen (or women)

they are still doing better than majority of America. Somehow he is dumb and smart at the same time lol

Seriously. He has $83,000 in savings and minimal debt. This family is financially screwed. 🙄

If only we all could be perfect like you

perfect examples of our great indoctrinational systems. Still don't think we should be getting a tax refund for the stoopidity that is out in the wild?????

​@@danieljohnson4418he is about to do something STUPID.

Exactly! 🎯

Omg yes

……and he don’t have much money. 😂

@@DougAlesUSA Haha! That’s the way they live these days: beyond their means…or whatever a greedy Realtor will tell them they can afford.

I can't even follow what he is talking about. He is broke, but has money. He works for the schools, but doesn't like the schools. He wants to move, but doesn't want to move.

Easy to judge. I bet you’ve got it all together huh buddy?

Relax lol. He's not that bad, just confused about big decisions in life.

@@19hundoc47 More than this guy, definitely. And don't go around throwing tantrums of what I want.

@@taz24787 let us all bow down to you then good sir. I’m sure if we examined your life we wouldn’t find anything to criticize

@@19hundoc47 Go ahead

It really depends. Example: if you have cash in the bank but also debt. If you're making a higher rate of return on your cash investments vs what you're paying in interest on your debt it makes sense to keep your cash in the investments. If it was the opposite it makes sense to pay off the debt

​@elijahsplaytime2540 Did you listen to the video. It's credit card debt. Most likely 18% or more. And the money is in the bank. Not a mutual fund, stock or some other investment earning more than credit card interest.

I'm guessing fear. I think he's worried that if he uses part of their savings to pay off the these bills he'll end up needing it for something

@playtime, what investment pays more than 18% ,he pays on that credit card? Talk about being bad at math.....

LOL that isn't true unless you are buying all in cash

@@NatalieS-kh3ck sorry, it's true. Once you have asset backed "credit" that number means nothing. I can have a 500 credit score, but if I have $1.6M in assets... I'm getting that loan. Sorry hun, I know you'll get to that point and you will understand what I'm saying. 😇

@@AbandonedKittyLiter Im not your "hun" and I have no idea what kind of loan you are talking about. there are sub prime loans you can get but no conventional loans with that credit score I know more about the than you, your mom, your dad and your entire ancestral line. got in hun

Google HYSA or High Yield Savings account

Ramsey doesn't believe anyone is a credit card person but they are wrong. 48% of people are credit card people and they need to stop being so stupid about this. One size does not fit all.

You know what’s really stupid? Borrowing money and having debt when you could just pay for things yourself.

@@LindseyHarvell-vc4ez paying it off before its due isn't stupid at all.

I have no debt. 🤷🏼‍♀️ My fiancé just got his first credit card in the last year to boost his credit score and he also had no debt. I think we’re doing just fine. He did a three month tech certification and within 2 years is now making $85k. He has almost $30k in his 401k he’s had a very short time. We plan to buy a house in about 5 years and plan to put at *least* 40% down. I stand by the way we’re handling our finances 100% but it’s ok if you disagree. ☺️

Nope trust me, Denver is still more expensive, I checked. lol

Denver is definitely more expensive than springs, is not even a question

Omg yes 😂

😂😂😂😂😂😂 True

legit curious where in he U.S. are you going to buy a house for 100k? You aint getting that in gang land anymore.

@@polishpimp4233 not in the US and it was a joke?

Probably want to get into a specific school zone..

Yes, he did. Best neighborhood and great location!

Yes ronnie likes to hear himself talk

His mind was already made up but he started fumbling when presented with different opinions

Many of the male callers are like this don't listen and won't take the advice Waste of time

In Toronto and Vancouver maybe. But not everywhere

Aye my city is the Holy City! lol 😂 I moved as well. But it’s still beautiful.

That it does. For me the compromise was living in the northern great plains. Cost of living is low, there are plenty of opportunities for most any profession. But some people just aren't going to want to live in fly over country or deal with our winters. Neither of those things are an issue for us. And living here has allowed us to have a pretty darn good lifestyle.

​@@xlerb2286 How does the pay compare nationally, if cost of living is low there? Wondering because my husband and I are often talking about moving away, but not sure where to move to. And what you describe sounds nice :)

SC is a swamp in the summer and to much of that southern belle BS for me. I couldn’t do it either. Boise Idaho sounds like a hidden gem of a place

@@nikan7704 Short answer is "it depends". The trades pay quite well, there are technical jobs available, the most common being software development and mechanical engineering but there are many STEM opportunities. The pay will be less here than more populated areas but the cost of living more than offsets that. Further west the oil industry has many good paying jobs but that's a bit more boom and bust. Semiskilled jobs don't pay well here. For my part I'm a software developer and my wife and I live pretty good here in the upper midwest.

SoFi gives 4.6% interest on high yield savings accounts! I tried to send a referral but I think they're automatically removed haha.

Is this post serious? You can’t find a HYSA 4% or better?