Let’s Talk About the Housing Market (Hour 3)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 24 October 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & George Kamel discuss: The current state of the housing market, Feeling like you can't get ahead on paying down debt, Counting stock options toward retirement, Dealing with messy family money drama, Budgeting on a bi-weekly paycheck, Buying a house with a roommate. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.5	So
0:20.0	Live from the headquarters of bring
0:26.0	Live from the headquarters of Ramsey Solutions, broadcasting from the pods moving in storage
0:32.5	studio, it's the Ramsey show where that is dumb, cash is king, and the paid off home
0:37.3	mortgage has taken the place of the BMW as the status simple of choice.
0:43.0	We help people build wealth to work that they love and create actual amazing relationships.
0:48.3	George Campbell Ramsey Personality is my co-host today.
0:51.6	The number is open, open phones at triple eight eight two five five two two five.
0:57.4	So George a couple of months ago we did a huge millions of millions of people watched
1:03.6	a live stream for free called the real estate reality check.
1:08.7	We address several things in that hour and we don't have time to address them all right
1:12.4	now.
1:13.4	But a lot of people were predicting 2008 again that real estate prices were going to absolutely
1:19.3	tank.
1:20.8	We said they are not going to tank because there is a pool of buyers that is much larger than
1:28.5	the pool of sellers still and the supply demand curve will maintain the prices.
1:34.6	Meaning when you have a whole bunch of people trying to buy a few things it holds prices
1:37.6	up.
1:39.0	It's that simple.
1:40.0	When there's a scarcity prices go up or at least are maintained at a minimum.
1:44.6	And we said of course the exception to that is the areas where people are leaving in
1:50.0	mass and we showed a map of the number of people that have left New York and left California
	...

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