Real Estate Prices Aren't Coming Down - Dave Ramsey Rant

Everyone is acting like how it was before 2008. And plus real estate doesn’t crash overnight. It can take years of going down like from 2008-2012 at the bottom.

Just wait for the housing market to crash. It'll crash just wait.

Ramsey....you are always right

In 2021 Dave recommended to "sit back and wait the madness to clear out". I'm so glad I didn't listen to him as I have a mortgage with less than 3% interest rate and no PMI as I put down 20%. Surely even at that time I overpaid my house by a good 50k compared of what it was worth in 2019/20 BUT today the same house can be sold ( not doing it) for more than 100k the price I paid. Massachusetts

It might go down. Or it might not.
Either way remember that a house is primarily a place to live in. Not an investment.

Not sure where they are getting their numbers at for this. But last year, my house was valued at 430k now its sitting at 317ish. The way I do my math that's a decrease.

For more than a decade interest rates were artificially low and prices went up. Now rates are high prices must come down one or the other has to happen. Proces will come down of rates do not come down.

So according to your philosophy how is someone to buy a house going forward. Say in 2024. Wages are crap. Homes are too expensive. According to you laws of buying and debt idk how anyone leaves their parents basement this decade.

Home values are declining in every state. Carve your knives, boys. These declines will last for over a decade.

You also told your listeners to buy real estate all the way through the 2008 crash and many were financially ruined thanks to your advice. Today, rinse and repeat. You know damn well real estate corrections take several years to happen and you don’t get to take a victory lap after a year. Better take a good look at where inventory is right now in Nashville and where it’s going. I’ll wait for the “I was wrong” episode. Within a couple of years Nashville (and many other boom markets) will be down at least 25%. You hate economists, often saying they are wrong but quote one as gospel as he is pushing your narrative. I bet the same economist you’re quoting said at the beginning of the year mortgage rates would be down to 5% by now. Sorry Dave, it’s denial and greed (your ELP real estate referral system) making you lie like the politicians you claim to hate. I was a supporter of yours for years, live debt free in a million dollar home and have a 1.8 net worth but you lost me with your real estate stance. Your reputation will take a big hit when you’re proven wrong and you’ll be devoured online like an old lion that can no longer fight off the hyenas.

It’s a low inventory of land

Real estate in Florida still sells in a couple of days.

David you’re doing your math that’s cool there’s a few more to the equation you’re leaving out. Layoffs are on the way student loans are due people are at their wits end on credit.
Will be a lot of natural surplus entering the market.
I think David needs to re-search more to the equation than what meets the eye.

Sold the house in March 1923. Turned it into silver and gold Now let’s watch and see who’s right.

"That's not a price." dude gives himself the biggest out ever.

Does she say anything or just agrees with everything he says?

Lets wait to see how commercial real estate spills over to housing.

Listen to Melody Wright. She said that based on her research we are about to have a repeat of 08 housing crash.

there isn’t a bubble in america…. canada however, yes.

We must increase supply

Your student loan payment testimony was a break thought to start pay off mine. Thank you lady!

Another war in an energy-producing region could rekindle inflation

Rent and house prices dropping in CA

Homes haven’t came down because no one is selling because they can’t afford 8% mortgages.

A flood of supply happens if they peel rates back and then boom the market crashes

I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

Bought house in july 2022 for 750k. We are DOWN 200K Why why???

I feel dramatic price drop will require a sharp inventory increase due to some sort of unpredicted event. What would such an event be? Massive layoffs, large amount of investors existing out? Anything else?

This clowns a covid denier

2008 damaged alot of peoples thought process. My friend has 450k from a house sell totally convinced theres gonna be another 2008 and hes gonna swoop in and buy a mansion for cash

When prices come down and people end up losing their homes because they believed you they can use your shows to sue you.

There are a lot of variables in supply and demand Ramsey. When people don't make enough money to afford that will bring the demand down. When investors don't see a profit that will bring down demand and increase supply. When people lose their jobs and cannot make mortgage payments that will increase supply

Show figures for your statements - as nice as your opinions are, so they aren’t true without the support of reality.

I don't agree, because I think the US economy is in dire straights. The cost of everything is up. The cost of labor is up and is one factor in increased prices. The job market is in for a blood bath. Automation and outright elimination of positions will result in foreclosures and those peole won't qualify for a mortgage for a while if and when they land on their feet.

"Real estate prices are not coming down!" says increasingly nervous house selling man for the 34243665673 time

The beauty of real estate is that prices can never decline....until they do.

Damn I'm glad I bought mine for 220k 1 acre land 5 beeedrooms 3 bathrooms new house now they selling over 600k

Here in tampa prices have doubled/tripled the last 5 years i bought a little too late in august 2022 and got a 5.5% rate for a $140k home which is now worth about $160k but am hoping i can refinance soon

Ya sure. Prices can go up but who's gonna buy? Median income is still 58k/household.

Dave was totally wrong. Home prices have gone down. He’s trying to get more business to real estate company. Disgusting 🤮

My grandpa bought his farm and house for 7500 in 1964. It’s now worth 500k plus 😂

Def Leppard!!!!!!

Grant Cardone says we will have a "housing correction," and It will be an amazing time to buy a trophy style house for a lot less money, I've got a feeling grant will be right.

Florida is still crazy.

But Mortgage De.and is falling off a cliff. Everyone even Dave doesn't remember how he was wrong in 2008 housing Market Crash😂

I would love to buy my future kid a house. In fact, if all of you could do me a favor and only have 1 kid, or maybe none at all, it would really help me out in about 20 years.

Dave made the comment, "real estate prices are not coming down" so he can get all you idiots to pour in comments like Niagara Falls and get the forum rockin'. He likes being the slippery salamander and smarter than the average bear. Gotta be on your toes and have your wits about you when you're around Dave. Yessirreee 😊

One year later he was right...

wrong 👎