Brought you by Y-ReFi. Refinance your defaulted private student loans today at Y-refi.com slash Ramsey.

Today's question comes from Ethan and South Carolina. He says, my wife and I are both 28 and just got married.

I am an employee benefits consultant and she is a trauma nurse. together we make about 200,000 before any

commissions that I receive we also are debt free we have about 150,000 in investments 30,000 in a

money market account and are investing our 15% towards retirement very good if I were your son

how would you recommend buying a house we have been waiting for interest

rates and housing prices to drop but i always hear there's never a perfect time to buy is now the

time for us to jump in yeah Ethan i think you're feeling the way a lot of people are feeling that are

in your shoes right they're okay, these interest rates are

high. Should I wait? Like, truthfully, I have the money or I could start to save up more money,

but I don't know is now the right time. And I would say the right time to buy a house is when you can

afford it. Like not based on the market, not based on interest rates. Otherwise, you're trying to like

play a timing game. But if you're trying to like play a timing

game. But if you can afford to save the down payment and you can afford to get a mortgage

where the payment is no more than 25% of your take home pay all in, then get the house. And later on,

if mortgage rates go down, you can always refinance, right? Like there's, you have options. You

don't have to stay in that high interest rate. So for you guys, I think this is great. You have a great

income. It sounds like you've got your three to six months of expenses. You are investing. Yeah,

you're doing really, really well. At this point, I would start saving up because it sounds like the 30,000

you have in the money market

is your emergency fund, and you should not use your emergency fund as a down payment. So I just want to

make that clear. 150,000 in investments, unless that's retirement, you can use that. Yeah, that's a good

...