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The Ramsey Show Highlights

Dave Ramsey Says Stop Whining About the Housing Market

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 8 April 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

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0:04.3

Start budgeting for free today.

0:06.3

So my parents bought their first home in 1963 for $12,230.

0:13.7

Ooh.

0:14.3

Okay.

0:14.6

That house today would be what, 400K, right?

0:17.4

And they don't live in that house anymore.

0:19.7

But I mean, that house today, that's what it would sell for. I know right where it is, it's just over the hill over here. And I still live in that house anymore. But, I mean, that house today, that's what it would sell for.

0:21.5

I know right where it is.

0:22.3

It's just over the hill over here.

0:23.7

And I still live in the same area.

0:25.2

And that was 1963.

0:28.4

You know what my grandparents said?

0:30.9

How can any young people buy a house for $12,000 on a 30 year? You're going to pay on it until you die. It's awful. And you know what

0:43.8

the interest rate was? It was four and a half percent. Oh, God. That's what my grandparents said.

0:50.8

Dave, this was supposed to be my rant.

0:59.4

But I mean, that's all that's all that's happening right now, right?

1:00.3

That's right. I mean, and so I'm looking at these prices and I'm like my grandparents, right?

1:04.4

I'm like, God, this is ridiculous.

1:06.2

How can any of these young people buy a house?

1:08.3

Bless your heart.

1:09.0

And the young people are looking at it.

...

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