Dave Ramsey says now is the best time to buy a #house and that there will never be a better time to buy. If you don’t buy now, you’re never going to own. https://youtu.be/g1g0zJRncIk
One of the millions reasons why I hate YouTube. Everybody is fucking preaching about one thing or another.
He said dont buy during crazy market during late 2020 #inverseramsey
housing market gonna slow down, maybe slight dip. yes interest rates are going up but inflation is high so it cancels each other out.
1. Who is Dave Ramsey? 2. Interest rates are about to go up again, so hurry tf up if you are going to buy. Lock in that rate.
Dumb advice on many levels
Dave is good about getting you out of debt. He knows very little to nothing about investment 🤣
Housing market went up crazy in 2020,2021. That was just because of crazy money printing. Now the fed is doing the opposite. High interest and money sucking. So crash is surely coming. Back to 2018 prices
Does he say to buy with 15 year mortgage?
Dude, the one about the Mexicans is the MOST Texas thing ever. Same exact in Houston. They also do it with cars. I’m fucking dying 💀💀💀💀
What does “the needful” mean here?
Lol wtf are these options. Imo housing has not yet priced in higher rates. Further, rates will continue to go up. Friday’s MBS sales had a no bid. Meaning, rates will have to go up for the securities to be marketable. I would hold out for a year or two at this point. The chances of the market continuing to skyrocket is low, but of there being at least some correction is fairly substantial. I think inflation has already been priced in with homes. So it may just stay at similar levels while the rest of the economy catches up to that inflation. Which still isn’t a bad thing to wait it out.
Why do you think inflation is priced in but rates aren’t?
Because when the fed pumped money into the economy, almost all of it went into housing first (as it typically does). That money is already there, that part is done (m2 supply is steady for now) There isn’t consensus of what fed rates will increase. Some are now thinking the fed will do a 0.75% hike next week. Given inflation isn’t slowing. This was only found out last Friday. There is no way housing prices have that priced in (it’s a very illiquid and slow to adapt market). That will take far longer.