“We have no debt except for $190k in student loans”. 😂😂😂

I bet that her husband, who is a lawyer, cannot win an argument with her 😅

"Dave, I own a MLM business and my husband is finally an attorney. But we can't afford to live like his friends do. Please help us."

Jade said it perfectly. People want things they can’t afford, and they don’t want to sacrifice to be able to afford it

She does not want advice. She wants permission.

Way to go Dave, first time anyone has ever confronted her.

She’s not gonna listen to Dave and go buy a $70k SUV instead.

I grew up in the "hood" and trust me, even today there is not 1 $500k house in my old neighborhood

I'm a pretty tough critic, but Dave is 100% correct on this one. You got yourself into a mess, sell the house, move the equity into your debt and start over. As it stands, your net worth is currently at $0 with the debt matching your equity. Paying off this debt now will only save you the interest payments and give you a substantial bump in retained earnings.

Love how dave is straight to the point also....Lady wants everything!

What she may be too politically correct to say is that the City of Portland has let the homeless invade her upper middle class neighborhood making it unsafe. Or put up federal housing smack in the middle of her neighborhood. Happened to me in New Orleans.

You know that you are primed to witness greatness when Dave utters any iteration “Y’all do whatever you want.”

Thank you for feeding these folks a dose of realty. I grew up dirt poor my mother and father never had much but love was abundant and we knew from early on life is tough she sounds like an entitlement child the world is mean to her. Get over it.

Sometimes I wonder if people just call into the show to brag about their above average income and mask it in a mediocre question.

It's hard to live in the ghetto. I respect her courage.

Dave you’d be surprised. Some areas do in fact have 500k homes in bad areas.

Dave hasn't heard what's going on in Portland? Many high cost areas are also high crime. Portland is in bad shape.

People are living in tents, and she is calling about her rich lawyer husband and $500,000 house. Extremely irritating bragging. Dave let her entitled self have it 😊

My question to the caller would be, "If you have no debt other than student loans and a mortgage, then why can't you pay off your $190,000 student loans in 1-2 years making $300,000?" Seriously... if your house payment is only $1600/month, then you suck it up and live on a "meager" $110,000 income, and in one year you're done with the student loans. Save for one more year after that and you can sell your current home, put those proceeds to your added savings, and move to a sweet home in a great school district with a 50% down payment. * Junior isn't going to "suffer" spending 1 year in kindergarten and then moving to a new school district the next year. Kids make friends easily. He'll be fine. Mama just wants a nice new house in a swanky neighborhood so she can impress her husband's friends' and co-workers' wives. She needs to deal with the fact that she's using her child as a manipulation tool to get what she wants.

“We have no debt other than $190k in student loan debt” 🙃

Making $300K a year and they only have $20k in savings. Where does people's money go?

EXCUSE AFTER EXCUSE AFTER EXCUSE. Keeping her right where she is. LOL. I love people who call for advice and dont take it ha ha ha ha ha ha

He was fed up! I don't blame him.

“If you can’t afford rent in the school district you want to send your child to then you can’t afford a home there either”. Spot on. It’s a short time sacrifice. Go be debt free.

Having lived in Portland for years, i can assure you there are plenty of bad areas where houses are 500k. Easily half or Portland actually. Look at crime and housing prices in Northeast Portland. Or north. Or out towards Gresham.

I love that Dave wasn't playing with this woman at all, you can tell she irritated him instantly 😂. That's probably the first time that she had ever been silenced like that in her life 🦗.

I gotta say I briefly looked up real estate in Portland OR at that price and things are looking rough

Dave ain’t taking no sh’t

This caller illustrates the mindset and what caused Portland to be in the mess it is in now.

I haven't heard Dave get this angry in quite some time. Hopefully she just doesn't go and do whatever she wants as is human nature. Funny, because the call started on a very good note with her paying off her debts. Dave obviously felt very strongly about this because it's very rare for him to recommend that they sell the house.

I live across the state line from Portland, and YES THEY DO have $500,000 dangerous neighborhoods over there with bad schools.

Living in Portland, Oregon. That's the start of the bad judgment.

Dave is very good a realizing when people need a tough love reality check 👊🏽🔥

To be fair, I don't think Dave understands how expensive it is to rent today. At the same time, I understand his frustration. The caller didn't seem to keen on taking advice that goes against what she wants to do.

Love when Dave is hosting!

Dave is always so insightful .I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. and the Federal Reserve taking a more hawkish approach to interest rates and bond purchase tapering. Any recommendations?

When they ask “what’s your question” and she keeps going down her list of self congratulatory numbers….😅

Just wanted to say that about 30% of all those who make 100K per year or more are living paycheck to paycheck. They are making plans to be a part of this stat long term.

Median home price in Portland is over $570k. Completely reasonable that a 500k house is in a bad area

I’ve been to Portland, Oregon. There is no low income housing in Portland. There are homeless people everywhere. She truly could be in a bad neighborhood in that house.

Another great episode, thanks Dave. 💜🤑

I love when Dave directs these ramblers to get to their question.

Just because you make money doesn’t make you smart. It’s what you do with it, that makes you smart.

Dave lost patience. I bet the lady still would not take the advice either way

As soon as she started saying how much she listened to the show and proclaiming how she knew dave would want to know all her numbers, you already knew she was just trying to convince dave it was ok to be ish

Lol so great when dave cuts thru the BS. If the callers want affirmation theyvshould call in when john daloney is hosting lol

Melissa did not sell the house.

OMG 300k income and up to there eyeballs 👀 in debt😮

I love how Dave can filter through the BS, and knows who calls to hear themselves talk, or call door genuine advice and will actually use it. You can read Dave’s face when they call in and he’s just not having it

This show always makes me scratch my head. I make less than a quarter of this ladies income and I swear I’m less whiney

😂😂😂😂😂 yeah, people call here because they want to be the first to break Dave!!! 😂😂😂😂😂😂😂😂😂😂😂 love it!

Do what you have to do so you can do what you want to do!! Good Times!!

Live in portland.. our neighborhood HS is 75% free breakfast/free lunch.. average house price is $525k in neighborhood. Lots of renters in school district. Guessing she may be in my hood! I volunteered in elementary and middle school and I could not tell which kids were free breakfast/free lunch and which were not. Almost all of the kids were super engaged in learning and it was a really good experience. Our son now attends a top university and we are still in same home.

Ms. Bougie was dying to plug her business but he never let her. Did she mention that she has a business? You know she owns her own business? $500k house with $1600 mortgage & $300k income and it’s not good enough? BOUGIE. My guess is she was just trying to brag and it never got there.

It's entirely possible she's in an over-gentrified house in a bad neighborhood. we've got plenty of that in Durham, NC.

Portland has gone downhill bigtime is the last couple of years, depends on the neighborhood. running a small business has some risk, keep deep cash reserves. husbands' employment is also a factor, if he is new and at a law firm, there is the possibility of large increase, but can go south as well. normally I would not advocate selling the house, but if she is concerned about the neighborhood, then go ahead a rent to see how husbands career turns

Come on Dave!!! ❤😂 preach!

Get 'em Dave!! 😂😂😂

I agree with the idea of renting in the school district she wants after paying off the student loan, but I think there was a dismissive nature to her statement about feeling unsafe. There is a lot of antifa activity in Portland and civil unrest and it is expanding to where it affects neighborhoods that used to not be affected by it.

Hey but that’s a fair question. If mortgage is lower than any rent then does it make sense to rent?

Portland. She might have a homeless drug den encampment on the sidewalk outside her 500k home.

We did something similar and you’re right we could never afford to buy in the district my kids are in. That being said I don’t have a problem being a renter like some people do. Maybe long term I’m shooting myself in the foot 🤷‍♂️. On the plus side our rent isn’t more than 25% of my income so I’m still able to invest, have a fully funded emergency fund, and 0 debt. My youngest graduates in 4 years and at that point we’ll reassess our housing situation.

Some parts of Portland are a hot mess right now.

Dave lost his patience very fast. It was when she sails they have 20k instead of 1k that he was already mad.

She's a pampered princess.

She said… Gurrllllllll 😂

BAM! The best episode I have EVER watched! "It has to make sense" Methinks Melissa is not going to listen.

$500,000 slums Dave, please go easy on her! 😂

She doesn't like the area, so what's the problem with selling the house? That frees them up from years of paying student loans and puts them in a good position to decide where they want to live on a great income. What stopped them from doing it the first time? I'm wondering how much her side business is bringing in with 2 young kids. Attorney could probably cover 90% of things.

“If you can’t afford to rent you can’t afford to buy” so true since that extra you think you are saving by buying is going to go straight back into the house when something breaks.

He’s giving her great advice. She might be paying more on rent monthly, but she will no longer have the student loan payments, or the extra interest that she’d be paying on them in the long run. It won’t take them any time at all to save up a down payment for a new house.

As someone who recently moved out of SE Portland OR to Bellevue WA homes in Portland definitely hit the 500-600k mark that are in the hood. A grandparent of mine recently sold her home in felony flats (SE Portland) for over 500k

Debt doesn’t just cost you money. You pay your debt with your family’s quality of life. Like time with your family, education for your kids, perfect neighborhood and so on. We have just got to decide to avoid debt and teach that to our kids. You think you deserve nice things but you pay with your family. My husband took a pay cut to be with the family more. We were able to afford this because we are debt free. My 07 jeep isn’t pretty but it’s paid for and doesn’t cost my family.

😂😂😂 Portland has changed Dave.

Dave was fed up! 😂 I don’t know why people call and then don’t want to hear the advice. Girl, please take the advice! 😅

Melissa will be fine. At one time or another all of us have been at that "can't see the forest for the trees" intersection of life. Sounds like she's doing well as a sole proprietor, so she's got that going for her.

I live in Portland. Unsafe area and bad schools. No S*’t….? 😂😂😂

Yes renting now is a great idea it’s not like that’s inflated to all time highs and keeps going up 😂

I am surprised Dave jumped on her about the neighborhood. There is a chance a 500k house in Portland is in a bad situation.

He’s clueless about Portland and housing prices…. Most definitely 500k is still a house in the ghetto there

Cities can be very expensive. We live in Philadelphia. Plenty of neighborhoods here have $500K houses with terrrrrible schools and pretty high crime. And Portland is about twice as expensive on average. I mean, literally 1 mile from us is a neighborhood with enormous houses where very few kids are meeting proficiency standards at the elementary school. Now granted, there are MUCH cheaper houses in much worse neighborhoods. But it's still a city with city things happening almost no matter where you go. I say this as someone who has personally in the last year witnessed with my own eyes a shooting on my block (plus we had 3 around the corner that my neighbors witnessed), and a car jacking immediately in front of my front door in broad daylight in a somewhat pricey area. In our prior apartment, we overlooked a busy street and a parking lot in an area with a good school and expensive homes and witnessed frequent parking lot brawls, domestic abuse (in public!), and the like. In our 5 years here, I can name several friends who have been victims of crimes in neighborhoods that are not dilapidated, and our network is not that big! She probably does not live in the worst part of the city, but it is still highly believable! She should be honest about others who have it worse (we are super thankful for where we do get to live), but she also does not need to be ok with crime or bad schools in her neighborhood. I do agree about renting in a different neighborhood if needed to have a good school. We rented for 4 years here (plus the prior 9 years everywhere else we've lived, including the San Francisco Bay Area) and were finally able to get a house just recently. $300K is a large income, even in Portland. On $300K, they should be able to pay off those loans and save up for a new house, even in an expensive area, within 5 years.

I probably would NOT sell the house because with their income they could knock this debt out in 2 years or less easy.

Kids of ALL ages hate to be told "no,you can't have your way".Some kids are senior aged.Still don't tell them no or your get a fight every time.

Dave disconnected on her delusion.

Kevin Samuels said it best: “You can’t make this s**t up!!”

Makes me cringe when I see arrogant, unkind, ignorant behavior.

500K house in the ghetto. I'd like to see that. 😂😂

"No debt other than our student loans and our house." What more do you want? Lol

The best part was when Dave put her on mute 😂

They do have $500,000 home slums in Portland, Oregon. The neighborhood is called “Portland, Oregon.” I’d want to get the absolute hell out of there if I were her too. That said, her mortgage is low because it has the old interest rates. That’s going to get worse regardless if she rents or buys. If they move, they’re stuck on that front, so it’s not a factor.

Has selling a house and going back to renting ever worked for anyone?

The place is a slum by their high and mighty "we make 300k a year, all our work friends lives in million dollar homes" standards.

You’d be surprised. Don’t know how it happens, but in Portland you can be in a 500k house in an unsafe area. I live here. Rents are also astronomically high. I wouldn’t sell the house with that low of s mortgage. I would just attack the student loans

have you seen Portland lately? lol slums can be an understatement. btw why has Dave recently been getting testy faster and faster lol ?

Sell the house and move out of Portland. The city is crumbling and is a disaster.

I haven’t seen much of this Ramsey fellow but I gotta say it’s concerning if he’s generally encouraging people to pay off debt that has lower interest than current treasury yields. Her husband’s student loans probably fit this description, and what’s funny is nobody asked. Her mortgage too, but it sounds like she wants to move. You gotta be real bearish to think you’re not going to get a margin by investing instead of paying off these loans. And that’s ok, as long as you’re consciously being bearish instead of having an emotional reaction to a negative number on a balance sheet.

Update: she got a HELOC for the $200k in equity and bought a $987k house she couldn’t afford in a Portland “middle class” community.

But I want it now

Not sure why everyone is dissin' on Melissa. She just wanted to know how to get her kid in a better school but try to keep her house.

Melissa's question about paying more in rent than a mortgage is a financially sound question that deserves to be heard and answered instead of ignored. I think her point is why pay rent in the good school district area, when she can maybe pay a bit more on a mortgage. It's not a bad point, especially with a $300K/year salary.