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The Ramsey Show Highlights

Why You Probably Can’t Afford the House You Want

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 10 June 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today - Create a free Budget! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 🏘️ Free Tools and Resources To Reach Your Home Goals 🏠 Find a Ramsey Trusted Real Estate Agent Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:06.3

One thing the Ramses all enjoy and certainly Rachel's husband Winston and I enjoy is real estate.

0:11.8

And we love the real estate market. I like building things and buying things as part of my almost,

0:19.1

if I had a side gig, I guess that's what it would be I've

0:21.2

had something under construction for about six or seven years now next week I will finish a project

0:26.4

and it'll be the first time I haven't had a construction project going in seven years in a long time

0:30.5

yeah you like it I'm overdue I need to find something something to stick in the dirt somewhere

0:35.4

but the real estate is fun and it and it's pretty confusing out there right now when you're thinking about buying a home.

0:44.1

It's hard.

0:44.9

There's a lot of emotion around it.

0:48.4

It's hard, yeah.

0:50.0

I mean, interest rates not only are up, but houses themselves.

0:52.9

Like what you're buying, you know,

0:55.4

the price of a house versus what it was 10 years ago, five years ago, you're just like,

1:00.6

oh, my God, three years ago, two years ago. So it can feel like one of the most defeating

1:05.6

subjects, I think financially right now for people where they think, oh my gosh, I don't know if

1:10.0

I'll ever own a home,

1:11.0

right? Like this, this kind of negative mindset because of how hard the numbers are. It's real.

1:19.4

When you adjust and you adjust your income and you adjust where you choose to live in order that you

1:26.6

can get your income in a place in ratio to the

1:30.1

house price in the area you're choosing now to live in order to buy a house, then you put

1:35.6

yourself in a position to do that. And it can still be done. And we still have people on here

...

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