Why RIGHT NOW Is The Best Time To Buy A House! (Don't Wait!)

Coming from the guy who owns 600m of real estate lol. Prices have come down

Horrible advice

This was horrible advice. And the numbers prove it.

dave u r wrong in just buying a house. u never talk about the price to rent ratio. whether u pay cash get a 15 year or 30 year mortgage it doesnt make sense. im going to use nashville the area u live around that number price to rent ratio at u is 25.36 right now. it only makes sense to buy a house if u r looking thru the fianancial lens when that number is 15 or less. most cities in the us have the same problem. u r better off investing that house money making 10 percent or more and renting an apartment. me as 67 year old american millionaire would never buy a house now. only time it makes sense if u want a wood working shop in your garage or just want to live higher life style, i get that.. a person in your shoes it doesnt matter u just write a check for a house etc... if do the math a house now is probaly the worse investment u could ever make.

This man is on HEAVY medication 💊!! Lost all respect for him

I hate our corrupt government with a passion but when the bureaucrats in DC give you better advice on this topic than Dave Ramsey oh boy it just smells like a conflict of interest eager to offload poor value compare to what the same house went for 10 20 years ago. DONT BUY NOW and make some greedy jerk even richer while you get ripped off in interest! Short term renting in not wasting money.

Despite what real estate investors want you to do please wait for:

1. Fed to drop interest rates when they have culled enough demand caused inflation. Buying now will only prolong this high rate clog.

2. Eager sellers will eventually cave their over inflated asking price with low demand and start a selling spree especially when rates drop because sellers can then buy cheaper ending the stalemate.

3 if we unluckily stay inflated and rates refuse to go down hold demand long enough for more new builds coming to flood supply and I'll also cause a lower price selling wave. Buy in any of these 3! Then refinance after rates drop.

What about the Ukrainian war, inflation?

It does it make sense, best time to buy and best time to sell 👎

How does Dave’s wife stand him

It did go down from last year to this year but I'm in Austin and it's one of those crazy markets.

Dave's seen way too many movie!

Dave Ramsey is a whole scam....do not buy a house...

This didnt age well. Proof that nobody actually knows the future.

I love Dave but he is sooo wrong. Houses will go down by a lot. Elon Musk would not be investing his time in building 10k to 50k small homes if he was expecting an economic boom. Elon knows the economy will collapse and that people can not and will not be able to afford homes. Same reason why they are increasing the building of apartments and stopped building single family homes. Not everyone is perfect and I do not expect Dave to be but I think he needs to go even more hardcore of his no debt ideals right now.

Seeing this market now and see back how Dave is right today is 5/9/2023 Interest rate is 6.00, he is deadly right....

😂😂😂😂😂😂

This didn't age well. Home prices where I live have already come down 15%

Glad to see by the comments that people aren't drinking the Kool-Aid on this one

time to sale but not build !!

Did he say people don't buy houses in the spring/summer?? That is actually the time of year when most houses are bought. What is this "mental vacation" bs? How, as an expert giving advice do you say something like that? Did he say house values won't go down? Literally what they did and are continuing to do. This video aged very badly.

LOL That didn't turn out well did it!

So buy a house when the price is high? I’ll wait

Wrong

Is this still true?

It's not a housing shortage problem, it's a housing distribution problem. As soon as California runs out of nevada's water, all those people will move back east where there's plenty of empty houses

Well this didn’t age well

Crazy 😩

Looks like you got wrecked if you listened to Dave

Money can not be bring into coffin after dead.

No one want to buy a home if the price do not drop to a normal level. The best time is tow years late(refer 2007-08 disaster).

No one want to buy a home if the price do drop to a normal level. The best time is tow years late(refer 2007-08 disaster).

What about 2008?

Didn't take but a few months to realize how wrong he was about house prices not getting any lower.

"Buy the house" I love how well this comment has aged :)

If you listened to Dave you will lose everything

He said house prices wouldn't fall.

This did not age well.. as a new real estate investor, even people with no knowledge knew there would be a decrease in pricing. This episode just happen to come out at literally the peak month 🤦🏽‍♂️😂

It’s won’t go down. We already seen these prices back in 2008 , how it can go down with money printing like crazy. Looks like he is right, just mine opinion

No one believes what Dave says anymore.

And what about now?

I’m glad people in the comments have an understanding of economics lol. A real estate agent just sent me this…hidden agenda perhaps?😂💀

Dude is a con artist

Prices are much lower today then they were four months ago. You were wrong on this episode Dave.

Good thing I just started saving and won't have to decide when to buy for awhile. 2008 all over again

The folks orchestrating current conditions are herding us into all their shiny new rental homes, apartments, and condo developments.

Take the risk. Better than renting. You rent you pay someone else's mortgage. More responsibility when you own, guess what? Step it up

This aged really really poorly

I feel like prices are going down

Can you give me money to buy a house?

Worked out for me. Didn’t pay a cent over asking.