How Much House Can I Afford?

How Much House Can I Afford?

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• The Ramsey Show (Highlights):

[silbarret]

No credit card debt. Car paid off. Working on paying my condo in the next two years. God is good! Blessed!

[DebtFreeDad]

Credit card and car paid off this month. You all keep up your debt free journey, you can do it.

[Culperrr]

4:18... "They charge for air out there". I'm dead.

[KT-yjzc]

The fact that so many people are upset that people with higher wealth/income are seeking guidance shows that you may not understand why they have their money to begin sharpens iron.

[Teannaschannel]

I hope to have these ‘problems’ one day lol

[Jhnny]

$2 million in San Francisco can buy what $45.25 buys in the rest of the country.

[ademd]

4:17 "They charge for air out there" 😂😂

[allthethings]

$500, 000 house in my area would need to be built on a 100 acre Lot. People in SF only knew they could leave with 1 or 2 million in cash and move. Then never work again with that much money in the bank. Get out of CA.

[youtubelady]

People with 2 million dollars out here stressed thinking about whether they’ll be able to afford kids lol

[chrisreynolds]

Right away you know she's on the right track since she has notes prepared.

[polyglotsjourney]

Good saving habits are crucial on your way to financial stability indeed.

[charlesnicholsonn]

I’ve lived in SF my whole life. The average home is not 500k its 1.5 million. 500k will take you to a trap house😂

[EMo-rxpm]

I had this same question 2 years ago. We paid cash for house for 520K with a 900K net worth also in our 30s. We make around 200K. We now have 1.2 million net worth and with no payments we have been investing 5K to 6K per month. Difference is we are in a very rural area so we have a 5, 000 sq ft home on 50 acres.

[TheLivedeath]

No reason to buy in cash now with under 2% interest rate on 15 year home loans. Pay 20% down payment and invest the rest.

[williambeyer]

Dave looks cold, think he keeps the heat off to save $

[einzgeisha]

I live in the SF bay area (born and raised in SF) and Yoon is correct in wanting to make the right decision with her spouse to survive and live comfortably . SF also has one of the highest homeless populations because so many people can easily lose their jobs or had a loss of income. so I'm glad she is being wise with her spouse on their income and how to safely invest. She can get a home in cash in Sacramento in the old area as houses are dropping, central california in the Modesto/Fresno/Stockton areas, and further northern california in the Redding area. I dont know anything about Southern CA as I dont travel there much anymore.

[danielbustos]

Move to Walnut Creek, CA. They got everything in this area, shops, good schools, safe neighborhoods, hiking trails and 2 Bart stations to SF. However it’ll cost you. Lowest I have seen a townhouse go for is 700k, and a 3/2 house for 1 million.

[jaesarchives]

Nice video! What about FBC 13 algorithm review?

[treyatl]

It’s going to be hard to find a million dollar home in San Francisco especially one that is big enough for a growing family.

[Beatyofeet]

Buying with cash seems silly. Interest rates are insanely low and they have $1M in investments. Even at only 5% annual return, they'd be getting $50k a year to service a mortgage. Even after a 35% tax hit, that'd be nearly $3000/mo. They could then continue to dump large sums of their income into investments for kids in the future and very quickly get to a point where returns on their investments pay for the home entirely. I'm not sure how trading immense amounts of capital for such a slow appreciating, and maintenance requiring, asset is a good idea.