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We paid off our house!!!!!!!!
🤸💃🏽🎉🎊🎉🎊
@Jan Blackman Congrats we also did the same. We also used all the stimulus checks and paid ours off.
@Old Bloke He obviously doesn’t listen to Dave. That’s exactly what I was thinking why go back into debt.
That’s goals! Congrats 🍾
Never paid off as long as theres property tax🤨
Built my house 2017 for 180k, just appraised for 280k.
@Overlord overall rents have remained steady. There’s also plenty of places that are affordable. People just don’t want to live there. If housing crashed, it would probably drop no more than 20% because plenty of people are ready to buy, but they’ve been priced out by 20k or so…
Sell it.
What state
Rich
Bought mine in central Cali 145 appraisal is 250
The everything bubble, courtesy of your friends at the Federal Reserve and their easy money policies.
This doesn’t explain why there is a housing crisis outside the USA. There is no Federal Reserve outside the USA and they are having the same problems. Dave had to get in a dig with Reagan and his voodoo economics, but couldn’t name a specific policy that helped.
@MrPland1992 a base no option 2021 Silverado is $33k. I get your point but it’s not that drastic lol.
@Pete Kimble Very good point.
Exactly! And all we hear on the news is how America is struggling. If there were so many broke people out there they wouldn’t be buying houses and cars right now.
It’s from gov backed loans.
My average grocery bill in 2019 was $180…now it’s $270. Inflation is killing us already. My wage is stagnant though.
your wage is stagnant because you are stagnant. Ask for a raise, work toward a higher position, get a different job, or go back to school. Wages aren’t stagnant, you are stagnant.
Shop at Aldi and Lidl.
Grocery prices have not changed.
Shrinkflation is a big problem that has been emerging too
It is only going to get worst! Hard Times are coming!
A key point was not mentioned: Smart money (companies and rich people, both US and foreign) are buying up real estate, paying cash above asking price. They want to store their money in something that will hold its value as they expect inflation and further crisis.
@thebra that’s 100% true….I bet going back these types of conversations/concerns about real estate prices, state population inflow/outflow has LIKELY happened all through the 1900’s-present. It’s change with some numbers attached, nothing truly odd at all.
Exactly
What do big companies do weigh houses?
That’s wrong on so many implications 😂
@MACHINE STATS Do with the houses, you mean? Rent them.
It gets bad when rice and beans goes to double the price
@LittleMopeHead I quit going to Taco Bell when my cheap tacos and bean burritos got $$$.
🤣
@LittleMopeHead rice & beans every day! Oatmeal for breakfast.
Tacos are too expensive now. I’ve had to switch to roadkill and make my own tacos. Just have to add more spices and flavor to it.
@Chase Lol
Big fan of your channel Dave. Thank you for sharing your wisdom ❤️
An Asian seen on a finance channel? I thought Asians were bad with money.
Failure 😞
I didn’t know u were a Dave Ramsey fan.
When money won’t work to buy groceries, will you still sell yourself and work for money ¿ 🐟
GROw GROceries, that makes cents in my head
Ok
Person who sells their house: Whoohoo! Just sold my house for twice what I paid for it!
Same person who then goes to buy a house: Why do houses cost twice what they’re worth?!
*Nailed it!*
That’s what I don’t understand about people. Yeah, your house value went up, but so did everyone elses. Unless you rent until the prices come back down, you didn’t actually gain any more money in reality…
@blake philbrook when property values go up, rent goes up too. You’re not very smart, are you?
@Silidons
Or even better, if you own rental properties, you can sell them. 😃
Only reason to sell is if you live in California & you’re leaving
It’s also people fleeing the cities to get away from the insanity.
What insanity
@Elliot James ha
Its me
This is insanity – Shaun T
@Adam Craig rural states will see a big boost in population this decade hate to break it to you
This is probably part of the reason the rent for apartments in my area have skyrocketed now