Dave Ramsey is telling you to BUY a HOUSE RIGHT NOW

[Anonymous No.49489259]

The man who lost millions in real estate is telling you to BUY A HOUSE NOW!!!!!

https://www.youtube.com/watch?v=g1g0zJRncIk

[Anonymous No.49489286]

>>49489259
I'm not gonna listen to him speak.
What's his reasoning?

[Anonymous No.49489293]

Ramsey was born and raised in Antioch, Tennessee, United States, North America. At the age of 26, through his brokerage firm, Ramsey Investments, Inc., he built a rental real estate portfolio worth more than $4 million and became one of Tennessee's youngest brokers to be admitted to the Graduate Realtors Institute.

Ramsey's success soon came to an end as the Tax Reform Act of 1986 began to have a negative impact on the real estate business. One of Ramsey's largest investors was sold to a larger bank, who began to take a harder look at Ramsey's borrowing habits. The bank demanded he pay $1.2 million worth of short-term notes within 90 days, forcing him to file bankruptcy.

[Anonymous No.49489302]

>>49489259

I hate this fuckhead.

[Anonymous No.49489305]

>>49489259
>OMG LOOK HONEY THE MAN ON THE INTERNET IS SAYING TO DROP EVERYTHING AND BUY A HOUSE NOW THAT MEANS WE SHOULD TOTALLY DO IT HON

[Anonymous No.49489313]

>>49489259
Intrest rates are rising, people overleveraged to the titz.
What? You never made a bad trade? Fag.

[Anonymous No.49489348]

i dont like this guy but everyday is a good day to buy a house, yes even 2008

[Anonymous No.49489481]

>>49489313
There is a difference between making a bad trade and coming out to say real estate won't crash because he wants to protect his assets. He still owns a lot of real estate and he is deliberately giving terrible advice..

[Anonymous No.49489809]

>>49489259
All these finance advisors on TV are scammers. He should be telling people to buy cryptos like XRP and IcyP but instead he is telling them to buy houses at the top.

[Anonymous No.49492025]

>>49489259
>shilling RE bags

[Anonymous No.49492034]

>>49489286
everyday is a good day to stop being a rentoid

[Anonymous No.49492049]

>>49489293
>forcing him to file bankruptcy
holy kek. the statue of financial responsibility™

[Anonymous No.49492058]

>>49489293
And on that day he broke free from the shackles of debt slavery.

[Anonymous No.49492121]

>>49489293
Well there he is the role model of the American worker who tells people to budget till skin and bone and put the savings into ira. As is he ever done anything of that

[Anonymous No.49492132]

It's not really that bad of advice. The next real estate crash isn't going to be like 2008. This time large corporations like Blackrock will end up buying everything for pennies on the dollar long before any of us even realize it was crashing. If your options were buy now or wait for another 1-5 years, you'd be better off just buying now. Even though most places up are 100% bare minimum, every goblin and nog is trying to get a home, and the banks just lowered the standards for borrowing again. Goldman and Blackrock are determined to own everything and milk the niggercattle dry.

[Anonymous No.49492167]

>>49492034
you're not allowed to own property, anon. if you stop paying your rent to the state, they come and take it away from you.

[Anonymous No.49492173]

>>49489259
Yeah, it's fucking over.

[Anonymous No.49492177]

>>49489293
Now look into Mike Row. American wagie propaganda is dressed in protestant/german work ethic, very sad

[Anonymous No.49492342]

So glad I didn't listen to doomtards back when I bought a house in 2018. It was supposedly the peak and housing was in a massive bubble about to collapse, just like it was the year before, and the year before that. And doomtard permabears claimed it would the next year, and the next. And then now.

So fucking glad I didn't listen and bought my 4 bed single family. $800/month. Rents are now $3,000 a month for a two bed apartment. So. Fucking. Glad. I am not a renlet cuck. The >100% ROI I made on my downpayment in 4 years is just gravy and knowing I can't have my rent jacked up every year.

Yeah maybe housing can crash 10-20% everyone once in a while. Could be this year, or next, or in 5 years, but its not like rents are going to go down. So unless you plan to be homeless its still better to buy. IF there is crash which people are saying will happen literally every year.

[Anonymous No.49492392]

>>49492167

ohno a 1% annual tax i will never finnancially recover from this

[Anonymous No.49492569]

>>49492392
>State gets to make up whatever arbitrary value they want to tax you at.
How's that government boot feel as it kicks you in your bussy?

[Anonymous No.49492618]

>>49492569

and the value they choose is an insignifigant afk check

truly oppresive tyranny

[Anonymous No.49492626]

>>49492167
It's ludacris to presume that this demand is stopping in a high enough volume that people expect home prices to dump more than 2008 (which was like 20-30 percent) so for that reason I basically insist that if you want to buy a home because you want to, then there is no time like the present. But if you can't stomach buying things that aren't investments then don't fucking buy real estate retard.

[Anonymous No.49492653]

>>49489259
Why do all you niggers hate dave ramsey so much? He isn't some get rich quick guru faggot. He just gives solid safe and simple advice to get the average normie out of debt. And it's an effective plan.

[Anonymous No.49492654]

>>49489259
>made his money from selling financial advice and not from the advice he's selling
These gurus are all over the place.

[Anonymous No.49492690]

>>49492626
>here's this random assumption, which is why there's no time like the present to buy a house

[Anonymous No.49492698]

>>49489259
I hate this fucker and Grant Cardone. Jesus fucking Christ, with every fiber in my being I want to strangle these cocksuckers within an inch of their life and spit in their eyes.

[Anonymous No.49492731]

>now that mortgage rates are significantly higher and prices haven't fallen, it's the perfect time to buy the literal top! Right before you lose your job and/or savings due to a recession!

[Anonymous No.49492797]

Buying a house is hard, you can never afford it. Yet here I am with no debt and annual rates+insurance of $4000 a year. And no-one can tell me to leave, and I can go shopping for paint colors and plants and lightshades. And I don't have to stress about a job, I work 3 days/ week, and my passive income is over $600 a week. And it was hard, but it's worth it.

[Anonymous No.49492819]

>>49492731

god you retards are hopeless

[Anonymous No.49492833]

>>49492819
now post prices, dishonest cunt

[Anonymous No.49492838]

>>49492342
They've been calling tops far before 2018. It's just losers who missed out coping.

[Anonymous No.49492847]

>>49492626
>ludacris

[Anonymous No.49492890]

>>49489259
The (don't wait!) really seals the deal. Just bought a property at 20x my annual income because of this.

[Anonymous No.49492923]

>>49492731
I think you are right but where you get it wrong is that a looming recession just means more stimulus

[Anonymous No.49492964]

>>49492653
He prefaces all of his advice for everyone, when it really is just advice for spending addicts who if they have a single credit card they will go bankrupt buying scratch tickets.
Advice of "it worked for me, so it's viable for everyone!"
"There is no inflation, inflation is not going to run out of control"
"S&P 500 isn't bad. But my mutual funds are better and always beat the market. Subscribe to me to find out what the mutual fund is"

[Anonymous No.49492968]

>>49492833

try not to suicide in 10 years

[Anonymous No.49493010]

>>49492968
those are nominal prices though, a lot of the time houses were going down or flat in real terms

[Anonymous No.49493022]

>>49492698
Interestingly, both make money from “financial education courses”, FPU and Cardone University etc.

[Anonymous No.49493033]

>>49492964
Idk he's not that bad. It's just simple advice for retards. It's not bad advice just very simple for people who have no clue about finances. Sure he is making money on it why the fuck wouldn't he? If you are looking for a deep dive into finance and investing he is not the one to listen to but your average retard who doesn't even know what a 401k is would benefit from his advice.

[Anonymous No.49493044]

>>49492968
I own a house you asshole, but you're still a fucking asshole for pretending houses being 500k at 6% is "10 years away from topping". Everyone will be lining up to lick your for a one million dollar house at 18% mortgage rate in suburban puke Texas in 10 years! That's your retirement plan, after all, so it has to work like that because you're so smart and special.

Buying now is mental illness

[Anonymous No.49493065]

>>49489348
Ok boomer

[Anonymous No.49493067]

>>49489286
BUY MY FUCKING BAGS YOU LITTLE SHIT. I PAID $1,000,000 FOR THIS SHACK AND I'LL BE DAMNED IF SOME LITTLE RUNT LIKE YOU WILL PAY A CENT LESS FOR IT. YOU'RE GONNA BE EATING RICE AND BEANS FOR THE REST OF YOUR LIFE.

[Anonymous No.49493114]

>>49489259
Note also Grant and Dave became successful when the USA was still majority white. I’d like to see them be successful on a large scale in Brazil.

[Anonymous No.49493116]

>>49492626
You never own the land tho. The government does.

[Anonymous No.49493152]

>>49493033
Why listen to a fat boomer? Muh savings ! Ever heard of inflation retard?

[Anonymous No.49493197]

>>49492618
Yeah

[Anonymous No.49493312]

>>49492034
>>49489348
I know a few people who bought homes in 2006-07. They were underwater in their mortgage until last year. That's 14 years of paying a mortgage on a house that was valued less than they paid. If you are a cash buyer, it makes no difference, but if you are looking to take on a mortgage right now, don't buy the top.

[Anonymous No.49493321]

>>49493044

its unironically more than 10 years away from topping

Timeline Of Major Housing Crashes In The US
The Panic of 1837
The 1873 Stock Market Crisis
The 1929 Wall Street Crash
The Great Depression of the 1930s to 1940s
The 2008 Housing Bubble

5 crashes in 185 years, but the next one is "right around the corner"

you've overdosed on rentoid propaganda

[Anonymous No.49493327]

>>49493114
lmao @ blaming your mediocrity on blacks. YOU FUCKING LOSER lmaoooo

[Anonymous No.49493386]

>>49493152
How are your shitcoins doing little Jimmy? Oh you are 90% down oof. Better luck next time!

[Anonymous No.49493443]

>>49493321
Some of you are too young to understand the market sentiment in 2007, but it was the same "its gon go up" mentality of today.

[Anonymous No.49493444]

>>49489348
OK ,real estate agent

[Anonymous No.49493527]

Real Estate Agents and House tards are
mudding the waters of this thread.

[Anonymous No.49493544]

>>49492968
so higher interest rates aren't a head wind?

[Anonymous No.49493665]

>Evangelical
Opinion discarded

[Anonymous No.49493882]

>>49493443

Some of you are too young to understand the market isnt cyclical. I wonder who will be right, the guy posting data or the guys posting anecdotal conjecture

>>49493544
they are. this thread is not about investment, other assets are better, this is about morons who rent perpetually and their nonsense logic as to why they haven't bought

[Anonymous No.49494016]

His listeners probably can’t buy a house because he advocates for normies living only on cash and to cut their cards. Smh no credit to be built.

[Anonymous No.49494140]

>>49493327
Goodness, you are a philosopher king kek

[Anonymous No.49494355]

>>49489259
Dave Ramsey is a fucking retard. Who would buy a house in this fucking economy when we are tethering on a housing crash

[Anonymous No.49494365]

>>49489259
Didn’t watch, but I’ll say this:
Firms like Blackrock are buying up real estate at these prices still. Why you might ask?
In the US, the average homebuyer is paying around 4-5x what they make in a year for their home.
I’m Canada, it’s around 11x.
In China, it’s 20x.
Comparatively speaking, US real estate is cheaper than other developed nations.
Do with that what you will.

[Anonymous No.49494404]

>>49492132
nigga people thought that banks and corporations were safe in 2008, until Lehman, Deutsche, Bear and other institutions went tits up, the market collapsed and even General Motors had to be bailed out

[Anonymous No.49494421]

>>49489293
>Ramsey was born and raised in Antioch, Tennessee, United States, North America. At the age of 26, through his brokerage firm, Ramsey Investments, Inc., he built a rental real estate portfolio worth more than $4 million and became one of Tennessee's youngest brokers to be admitted to the Graduate Realtors Institute.
I own more real estate than this( ~7.5M). Why is this man famous again?

[Anonymous No.49494485]

>>49494365
1)China is not a developed nation, most of northern China and western china is squalid
2)The reason it is 20x in China is because people on average earn so little in china
3)Another reason it is 20x in China is that China is in histories biggest every out of control state caused property bubble
4)Do this is you will. Go back to China, stay there and die

[Anonymous No.49494507]

>>49494404
Deutsche bank did not go tits up

(EUR) Mar 2022 Y/Y
Revenue 7.04B 1.8%
Net income 1.19B 18.46%
Diluted EPS 0.55 17.02%
Net profit margin 16.87% 20.67%

[Anonymous No.49494629]

>>49494507
During the full on crisis they were on panic mode, and had to be bailed out/ "raise capital" multiple times both in Europe and the US. They recovered yes, but that doesn't mean they weren't tethering on the edge during the crisis.

By all means it went tits up, it wasn't sacrificed to Baal like Lehman tho

[Anonymous No.49494650]

>>49494485
I’m American, nigger. Did you pull all of that out of your ass or is it real data? What’s your answer for Canada?

[Anonymous No.49494841]

>>49489259
Too late Dave. The Fed is actively trying to crash asset prices through QT. The fed has all you fuckers fooled and looking at the wrong place, interest rates. Number one concern for Americans is inflation. Inflation has always lead to politicians not getting reelected. The Fed under the direction of the president will crash asset prices just to get a senile old fart back in office and damage control seats lost in the house. Most Americans don't even have a retirement fund.

The Fed has stopped buying securities and is starting to sell. Why do you think mortgage rates are already at 6% when the Fed interest rate is still around 2%? The Fed could care less about your bags. Welcome to hell.

[Anonymous No.49494987]

>>49489259
What a fucking retard. In a recession you'll see massive foreclosures

[Anonymous No.49495044]

>>49493312
And the niggerfaggot Ramsey was telling people to buy in 06'-07'.

Dimwitted RE cucks have the shorted memory, it's the most normie tier "investment" ever conceived of. People STILL believe it won't retrace to mean appreciation less than 15 years after the endless appreciation narrative fell flat.

[Anonymous No.49495052]

>>49493312
This.

[Anonymous No.49495068]

Is this the guy that said to stop eating avocado toast to buy a home?

[Anonymous No.49495160]

>>49489259
certified liar and retard LOL

[Anonymous No.49495653]

>>49494485

[Anonymous No.49495795]

When I hear people talking about waiting for a burst to buy houses, it implies most people waiting will have the stones to buy when they don't know how low the bottom will be. Imagine buying a house while the value continues to freefall after the sale. People are still quite comfortable in this "recession". Everyone is just trying to slowly spoonfeed a recession while assuring others to keep spending.

[Anonymous No.49496705]

>>49492819
Not gonna happen; not unless the dollar turns into a Mexican telenovela and gets a zero chopped off the end of it.

[Anonymous No.49498758]

>>49492690
>everybody is trying to buy a home
>hmmm but just my imagination
Don't be a faggot. Enjoy waiting the rest of your life for the perfect time to buy a required expense. We have been in a bubble for years. But better to spend that money on your landlord to live in a shitty box I guess so you can buy the bottom.

[Anonymous No.49498782]

Doesn't matter how many times they say "buy now" if there's no qualified buyers to afford them.
Well, I guess it does, but it just kicks the can down the road and makes the reckoning worse.

[Anonymous No.49498883]

>>49498758
Also homes up until the fed started juicing the market were awful investments if you lived in one. Dumping shit into the s&p always outperformed it. You buy a home because you want to own a home and not deal with jews. Not to get fucking rich as hell. Doesn't mean there won't be a better buying point but get real the housing market isn't gonna correct like 50 percent when so many people are waiting on the sidelines to buy.

[Anonymous No.49499077]

>>49492968
The inflation adjusted one looks a lot different

[Anonymous No.49499204]

>>49494987
Foreclosures will happen, but you won't see them, unless it's your house being foreclosed.

[Anonymous No.49499246]

>>49496705
You think it will just be A zero? lol.

[Anonymous No.49499293]

>buy a house when the difference between the median wage and the median home price is the widest it has been in all history of recording it

With what money?

[Anonymous No.49499773]

>>49499293
this, niggers think they will make a profit on a house that takes most people 40 years to pay off, how is it possible? How could you get more money than that? What profit do normies expect?

[Anonymous No.49499853]

>>49493312
House prices don't align with your claims at all. Homes weren' t cheaper in 2020 than in 2007.

[Anonymous No.49499881]

>>49492342
Rents absolutely go down during RE bears.

[Anonymous No.49500031]

>>49489259
I want to buy a home.
I can afford 700k+

But it's just me. No family or such, it's more fun to be solo.

I see some fix me up's around 400k range in HCOL area, and 200k in LCOL area which is fucking insane considering LCOL area used to be 150k max and now it ballooned to 500k.

I know how to do my own plumbing, pex, wiring, and updating.

I know how to run a boarding house, and I aim for a 4-8 bedroom place. I know how to change the closets into a shitty half bath (great for airbnb guests really and add value)

Yet I can't do it. I really can't.

20% down payment of 500k, is 100k, done. Cash.
5 room place, rent out 4 rooms, that's $50/night, 60% occupancy so let's say 17 nights a month per room, 17*5=85 "nights", * $50/night = $4250.

That means I *live* for free, to have a boarding house, which is 100% okay. No attachment to the place, ikeaesque furniture. I've done it before

I just don't want to deal with it. I make about 220k/yr, and I also don't like leases and commitments.


Maybe I should just do it. I am tired of being a nomad.

Ironically, I want to buy a home in the place where I don't really have friends, just cause I see it as a good future investment and I enjoy how everyone leaves me alone. PNW.

[Anonymous No.49500313]

>>49494507
DB had to be bailed out several times already, germany cant have them fail

[Anonymous No.49500321]

>>49492968
Okay

[Anonymous No.49500583]

>>49493882
>Some of you are too young to understand the market isnt cyclical.
it quite literally is.

[Anonymous No.49500688]

>>49493312
ya my parents bought right near the top in 2007/8 after their financial manager told them they should rent and wait, but my parents didn't. They sold for a loss almost 10 years later.

[Anonymous No.49500944]

>>49499773
You make payments on the principal you dumb spic, drop that 30y down to a 21y, just by paying 1 extra monthly payment per year, but directly to principal. Learn to fucking math ffs

[Anonymous No.49501007]

you posted this on pol already. i told you hes right for the wrong reason. buy a house now because commies in power will forgive all debts to avoid the revolution when hyperinflation hits. buying a house now is like being a rentcuck during covid. you literally are guaranteed free gibbs

if you arent debtmaxxing right now you are the dumbest retard or a boomer who doesnt realize the game has changed

[Anonymous No.49501705]

>>49494421
$4M in real estate in the 1980's is worth about 100M now.
So no you dont.

[Anonymous No.49501881]

>>49492968
this chart looks exactly like the Nasd-ACK! and for the same reason, buying the top is a reddit disease and you should go back

[Anonymous No.49501932]

>>49492819
ah yes the us government is going to pay 12% on 31 trillion in debt. check out this fucking retard who takes the FED at their word. let me guess they are also going to “tighten” their 9 trillion dollars portfolio starting in two weeks! kys

[Anonymous No.49502144]

>>49501007
That debt forgiveness will come with a bunch of terms attached.

>have a garden?
>own firearms?
>not vaxxed?
>oppose drag queen story hour?
>kids not on hormones?
>said nigger in a Mongolian basket weaving forum?
>white?

Sorry comrade, we just don’t have any remaining funds to help you out. Don’t worry, Laktisha and her 6 kids will make wonderful use of their new home.

[Anonymous No.49502270]

>>49500944
houses are so expensive you need a 40 year loan wages are not improving how am I wrong will the bank give people 40 year loans that are 2million$ to the average person of course not. HOW CAN THE PRICE OF HOUSES GO UP WHEN PEOPLE CANT AFFORD THEM ALREADY. WHO WILL PAY YOU?

[Anonymous No.49502861]

>>49502270
Pajeets and chinks will, or mexicans and blacks with government checks

[Anonymous No.49502956]

>>49489259
well, you can buy a nice house now and lock in a decent rate OR you can wait until 2023 and buy a piece of overpriced shit in the hood with a higher lock in rate OR wait 4 years after that and buy a nice house and lock it in at a decent rate

we're literally headed for a housing market crash / recession either later this year or in 2023. nobody disputes this. interest rates are going to moon and banks aren't going to lend shit for years

[Anonymous No.49502995]

>>49489259
Does anybody trust this dude anymore? Yes his plan works for getting out of debt ASAP and not enjoying your hard earned Federal Reserve Notes whatsoever...but everything all his business and other advice is absolutely shit tiered. And the people that follow him are almost cult like. They look at you as other or something...idk. I gey he doesnt like risk, but thats why its so ironic hes saying buy a house now. Heading into a recession and prices are coming down.

Maybe hes a shill

[Anonymous No.49503027]

>>49489259
omg i will cry with joy if i get to slurp a cheapie house its like all i want

[Anonymous No.49504510]

>>49492819
>if interest rates go up prices will go up too!

>captcha TTY2Y

[Anonymous No.49504561]

>>49489481
What use is an audience if you can't unload your bags on them?