house builder "how about we keep your 15k earnest money and let you out of the contract, and we sell the house for 50k more!!"

Seems like most of Ramsey's callers problems begin with the sentence "We bought a house"

They need to get the mortgage company to say they no longer qualify for the loan, and as long as they have a mortgage contingency on there that is their out!

I live in the Tampa area and this area is blowing up. If you’re from NY, Cali, or Ill; please don’t move down here 😇 lol

Most of the middle class people are house poor

The builder isn't going to let them go. Housing is about to crash, the builder isn't going to risk losing way more than $15k.

2:15 - Dave Ramsey: "You've got house fever." Christopher Walken: "It needs more cowbell."

90% of callers said they spent too much money. Solution: don’t spend too much.

The average price of houses in many states is north of $400K. That is entirely unaffordable for the majority of people, when factoring in taxes and maintenance. The "starter home" (something less than $200K in my area) is almost nonexistent. The importance of that starter home is that it can be paid off relatively quickly and give someone a nice chunk of change to buy/build a nicer home. We were able to pick up one of the few starter homes in 2018, and we have the mortgage basically paid off, which puts us in a far stronger position going forward.

lol the builder is definitely not gonna give back the money. They will say nope, let you lose the house, and sell it after for 50k more

How does anyone afford a house right now? I bought my house in 2010. I couldn't even come close to affording the same house today if I had to buy it again.

Bringing home $8800/mo would leave them with $5600/mo to live on after the house pmt. That should be totally doable.

I love when Dave says dont buy a house with sallie mae sleeping in the spear bedroom

The broadly applied 25% rule really confuses me. Take family A that has $3500 take home - 25% = $2625. Family B has $8800 take home - 38% = $5456. Family A is doing a great job, pat on the back with the 25%. Family B has twice as much left over but can't afford the house and needs to sell because 38%? Family B has an extra $2831 leftover each month, over family A, but is house poor and must sell the house they have but time and effort into building? Why is Dave the authority on what individuals feel emotionally? Who would want to be family A in this situation? Why is family A celebrated, but family B shunned? Family B has significantly more financial freedom than family A!

Having 5k leftover after paying the mortgage each month is too tight?

This doesn't seem too bad. Lol. They needs to make a decision. She could work part time as a nurse ?

$8,800 take home…. $3,200 mortgage. $5,600 to play with. Am I missing something? Maybe a little tight but I think they can pay it.

Not entirely sure the builder will be willing to take the home back... they are begging people to buy with incentives as high as 50k flex money and buying down your interest rate... homebuilder sentiment is down, they obviously see something coming we don't. If I felt this uncomfortable with the purchase, i would pull out asap until I'm ready.

These are the people I Ave to compete with to buy a house.. They bid 100k over asking then call Dave after they've ruin both our chances at a house... Thanks guys

Tampa Florida is on the peninsula. Not a great place to build a house especially for the coming years where flooding as predicted.

She makes nine grand a month and she's worried about buying a house ..boo hoo 😭

3200 per month when you take home 8800 isn't too bad really. Thought it would be worse...

The payment is near 38% of their take home. I would buy it and then sell it.

That's 36% of his pay. And there is 5,600$ left over after house payment. Not to bad.

I See Dave Ramsey, I Click. Simple! 💯

The builder has already sold the house, why would they take a risk that it might not sell again for a significant amount of time? Also, just because it has been appraised at a certain value doesn’t guarantee it will sell at the appraised price.

If the fool just made 3200 a month as a RN. Which is probably part-time she would cover the mortgage and they have the 8800...are they even thinking!!!

The blessings of the Lord have no sorrow in them.. Job and Jesus be like “ aiight imma head out.”

AD military gives a housing allowance and with his income I'm sure at least $2000 (or more) of that $8800 is for housing. There's not a lot to make up. They have more than a lot of other people have right now.

The other side of this on the builder is that they ask for money and when you the buyer can’t. They cancel the contract just as the house is done and then turn around and sell it for more money. I’ve seen that happen to a couple of friends of mine.

I’m going through this exact same story. We were entered into a lottery system for new build housing and we were chosen out of 500 people on the list. We were not expecting to be chosen so soon so we were not fully prepared to take on a 400k home. Now they have 15k of earnest money.

8k is plenty to afford this

My heart goes out to this woman. It should be illegal for anyone to be in the military who has children. The military shouldn't be creating absentee parents.

House monthly is $3,200 and their take home is $8,800 per month is TOO much house? 🙄 If she said the gross annual it would be considered fine. 🤣

I don’t see a builder giving deposit back no way!!

I’m so happy and Grateful we bought our second home and haven’t looked back. We are solid on our decision. I hope she finds peace and her dream home without the Financial burden.

Solution: live on military base housing and quit showing off buying a brand new house.

I work two full-time jobs and I still don't make $50k a year, but again my expenses make up only 20% of my income so I'm saving a lot of money. If you are willing to live off of struggle meals and have multiple roommates you can get by.

I’d like to hear a follow up see if they did.

It's going to get worse with inflation. Most thought the good times would never end. A tsunami of foreclosures is coming.

I've responded to a dozen comments. that house with a 3200 mortgage here in Tampa will cost 6000 to 7000 most likely, depending on flood insurance. 8800 take home is going to be VERY tight. get out of that now!!!!

Why doesn't she get a job, and contribute her income. As a RN, she can bring in more then what he is.

8800 take home, but that does not include mandatory pension (military) payments. He's probably making close to 10k take home, which is not as bad ratio wise.

Plenty of jobs for RN jobs here in Tampa advent health has hiring events every other week down here. Seems like she doesn't want to work. She doesn't want to work. Wanna keep the house gotta work.

They probably won’t do it now since everyone is backing out now

I declined a job offer with full relo package to Tampa just because If I moved there my debt would be 350k whereas now I'm down to pay 100k left in the current home I have. I work remotely so it makes no sense to move and gain debt.

I feel like numbers should be discussed a little more. Is the 8800 take home pay after tax, insurance and 401k contributions? If so, potentially his gross income is over 12000 which would make the 3200 mortgage payment within the 25% rule.

Of course they took her side. She doesn't work so she doesn't make any money but some how she's the grown up who's "tired" of all of this. Get a job lady.

She needs to get a job. Military is tough for families.

I’m glad my husband and I are not out to impress anyone with a house.

It’s only a 36% DTI which isn’t super crazy but if its bringing stress I would also not buy

Welcome to Tampa!

Buy it and sell it after 3200 a month in fl its a damm nice house Well 8800 income 3200 a month is like 35% she can make it

If you ever want an example of how useless a PhD is just look at John. "you're tired aren't you" I just wanted to puke after that pandering BS. But that is the extent of the entire profession of whatever academia speak he calls it.

How this is not affordable? I totally get that DR advise is not to have a mortgage over 25% of your take home pay but this is just 12% more. They still have around 5k to play around a month. If they have a fully funded emergency fund and they stick to their budget, they should be fine.

Sounds like has a deeper problem here. Dropping their rent by 700-1000 isn't gonna change the game too much, but hopefully it helps!

Work from home as a tele health nurse and keep the house.

I know officers can make good money in the military, but an officer with 10 years in, bringing home $8,800? That sounds about right PRE tax (example: An 0-4 with 10 years in is making $8255 per tax)

The mortgage is only $3,200/month and her husband take home $8,800/month so that's $5,600 a month they have left to live on. That's affordable. 😁

Being ex-af, she is at MacDill Afb. Nice housing and no AC bills. She will lose 10% or more due to 2-way transaction costs to buy then sell. Thus she should just walk away and lose her earnest money while moving on-base. She is being hardheaded to buy in Tampa with an excellent alternative home close to husbands work. And can get down to just one car at the same time. This is a no-brained.

Will interest rates come down in a couple years or will they just keep rising and stay high forever?

Not going to lie when John started talking about the husband I thought they were going to do the blame the husband game. A typical I see on the Ramsey team.

did they go all out during the pandemic? I feel no sorry for them

people put themselves in these situations period. Dont buy something you cant afford and its has a comfortable payment. Did 2008 teach anybody anything.

You may be able to afford the house, but you won't be able to afford the skyrocketing energy prices this winter.

Does the 8800 include BAH given?

She’s not tired she’s exasperated. Or maybe both. I think she’s also overwhelmed.

2:40 D:s standard line. Could the production team please Edit these off of the episodes?

Wow what an advice. $8800 and $3200 mortgage sounds good to me

An RN could easily bring in an extra 5k a month take home. She needs to go back to work!

With 40% of their income going towards the mortgage, they'd really teetering on the edge of disaster. Being a pilot is a high-requirements occupation, and many unforeseen medical conditions could make the husband lose his ability to fly and lose his flight pay, which would make their situation untenable.

If I double my income and make as much as they do I will stay in my $180k house until after it's paid off.

Bro...that scripture is life!

She could go interest only and rent it out or complain the house is not what she expected.

8,800 a month can afford a 3200 mortgage Dave Ramsey is overreacting

This call infuriates me. I had to listen to it 5 times to verify how insane everyone was, including Dave and fake "Dr" John. Dave starts to give her financial advice before getting numbers. John says his trademark bs "are you tired? You're tired. I know you're tired.". The woman caller wasted her career and potential student loans to have kids, and blames the kids for only living on their husband's income. Dave and John didn't ask her husband's salary after retirement, which is typically lower than active duty unless you are deemed disabled. They also, as I first stated, did not ask anything regarding their income or salaries to the level that would help to give any advice. Dave jumped in the usual "everyone that calls me is an idiot that buys houses" crap. Nowhere in the call did she state WHY she is feeling worried. It's all in her head, unless she has decided to NEVER work again, which she did not state.

I told you guys Dave is out of touch he thinks that houses are going up and up while our cost of living is going down, nobody can sustain that and live the American dream

Why did Dave not ask how much debt they have??

It beats renting 🤷

We are house poor and it sucks. I love the house though and I’m willing to make the sacrifices to stay in the home.

People and their spending.

Does the $8800 include their tax exempt BHA? There’s more to the financial story and Dave nor Rachel asked the right questions. The builder isn’t going to give them their money back, that’s a a pipe dream.

Deloney is fine on his own show but I don’t like the vibe he brings to this one while with Dave. He tries to go way too deep sometimes and just needs to stick with the situational question and save the therapy questions for his 30 min shows. And the new host is practical but she has no personality. Let’s bring back hosts with some fire! I do think George has improved.

Sounds like she needs to get a job to. Equality

Maybe she sees she is going to need to work to have this house.

Why don’t they just sale the house and make the 50k

She has all the reasons for being scare.. Hope she get the money back...

She won’t make 50k back because she will have to pay closing cost and extra fees added on to it.

How do you get 8800 a month

Yep. She’s tired

Y can't she work

Ppl are dumb

When you have four kids and no emergency fund, why try buying a house anyway. Stop trying to keep up with everybody else people. Do your homework first and thoroughly.

What I hear is the husband is getting out of the military in two years. His income will be zero until he finds a job. Both of them will need to work to make the payments. Maybe better to find something cheaper and save to move up later.

She's a nurse she can work one day a week and make an 2k a month and she should be doing this anyway to keep up her license.

You need to work. Contractors never let you out of the deal. Hope this is the worst mistake you make in life, not really a big deal, sell the house.

How is she “tired” she sits at home….I love Dave but don’t like that they try to force emotions on people that does not make the situation better for them.

I'm degree poor XD

😄 haha sell it

I feel stressed for her. 😭