Is Right Now a Good Time To Buy a House?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 29 April 2021

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Thursday, and this is the Ramsey Call of the Day.
0:03.7	Part of the Ramsey Network.
0:06.2	Joining me today is Ramsey Personality, Christy Wright.
0:10.1	Matthew starts off this hour in Indianapolis.
0:12.4	Hi, Matthew, how are you?
0:14.8	I'm doing well, Dave. How are you doing?
0:16.8	Better than I deserve. What's up?
0:19.7	So I'm 22 years old. I make about $80,000 a year before bonuses.
0:24.9	I have $20,000 in cash, and then about $50,000 I have in ETS and Mutuals.
0:30.8	I'm getting ready to buy my first house. Right now, I know the housing market is crazy.
0:36.0	My main question is, is what my plan to do is take $25,000 out from my investment account,
0:44.2	put that towards a down payment, do a 15-year mortgage on a $225,000 house.
0:49.8	Is that a smart thing to do?
0:51.4	I could take out more, but I still want to keep that emergency fund.
0:54.8	But the Aeron Man has projected about 10% increase in home values in the next year.
1:00.2	Dude, you're a stud.
1:01.4	You're 22 and you're making 80?
1:04.3	Yes, sir.
1:04.8	What do you do?
1:06.2	I'm a systems engineer.
1:07.8	Good for you, man.
1:09.4	You're killing it.
	...

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