'We Can't Afford Our House Anymore!'

Next Steps:

Explore More Shows from Ramsey Network:

Ramsey Solutions Privacy Policy

Product Links:

[TheFinanceZone]

It's gonna be so difficult to ever buy another house with a $1, 700 per month payment. Keep the house and sell the cars, take the gift and apply for another job!

[TheFinanceZone]

What if they sell the $16k car, take the $10k gift and pay off the second car and get a second job? At that point they'd be able to afford their house payment. I feel like there are more options than selling their home.

[stevengtv]

Don’t sell the house! Sell the 16k car, take the gift pay off the other car, get a side job, rent out a room, don’t buy anything. Keep the house! You will easily get thru this if you make the house a priority over anything else.

[tarawhite]

I have the feeling there's gonna be a lot more of this in the not too distant future

[goofygirl]

We need Dave and Rachel to look at the rents in Orlando, FL and tell this young couple where they are supposed to rent and also what less expensive vehicles they can get to replace their current vehicles with. The problem is that houses and cars have gotten crazy expensive.

[mominthe]

If you MUST stay in Orlando, don’t sell the house. I though she said she was a nurse. Take the weekend shift, pack a lunch, and you’re fine. Rent would be outrageous and you walk away with nothing like leasing a car. More income will fix this problem.

[glennz]

It's going to be hard for them to find an apartment for less than $1, 700 a month

[HairyTornado]

Yes, get rid of the $1700 mortgage so you can rent for $2700 😂

[YoutubeFabLifeOfJan]

The blessings of the Lord has no sorrow added to them. I receive that Dave.

[rodneyperry]

The problem is that those costs you experience as a homeowner will be passed onto the renters. Do what you can to stay in the house.

[TheFinanceZone]

Keep the house, accept the $10k gift, sell the cars, and get a second job while applying for a higher paying job. There's a job surplus right now and lots of places are hiring. Selling the house is just going to put them in an even worse position of having to find an expensive rental

[katyedwards]

I love Dave's laughter. He needs to laugh and have fun more.

[nopenope]

Wow, they are about to destroy this family's life, and they smile while doing it... what are they supposed to do after they sell the house? Pay even more for rent? You have to ask more follow-up questions. It is $3, 900 take-home after taxes. If so, then they can more than afford that house over renting. What is the payment on those cars, and what are the interest rates? Where is the rest of their $2, 200 going? Pick up a second job for a while, at the very least, until the cars are paid off. Make some sacrifices, and don't tell them to destroy their future for a bit of comfort today. Heck, God even dropped them a supply basket of You got everything but the writing on the wall here, and you still missed it.

[Iburn]

I'm paying my mortgage off Jan 1st and I cannot wait! Bought for 205k 8 years ago, worth 455k and I'm PUMPED

[bobbenoit]

Okay, Dave advised her to sell their house, but then what? Buy another one with a monthly payment less than $1700 or find a rental for less than $1700?!?!?! No way! Keep the house, sell one of the cars and try to increase your monthly income. That's should solve the problem. Making just $500 more a month would help alot. That should be easy for 2 healthy adults.

[chuckiedavidson]

I wouldn’t sell the house with a $1700 payment just to go pay $2300 in rent on not as nice a place. That $16k car needs to be gone now.

[kimferzoco]

The better questions are “what would your rent payment be if you sold?”, “how can we increase your household income?” “What’s the interest rate on your home?”, and “can you make the house payment if you cut out other excess?”, “can you get a second job?”

$3900 take home for 2 people is probably about $15/hr first each person. Idk what it’s like in Orlando, but I see signs for part time jobs with no experience offering over $20 per hour. I saw one sign offering $20 to $23 per hour for someone to scoop ice cream.

[carsonroberts]

They seemed set on answering her question. Dave is usually better at this, but when she asked “sell the home or accept the gift” he should’ve dug into the 3rd and better option which is increase income. They didn’t ask if there’s kids but assuming 3 years into marriage there isn’t, why is their income only about 48, 000 a year? Two working adults should be bringing in close to double that and makes their mortgage totally fine. Plus they’re gonna end up with more expensive rent. They totally missed on this one unfortunately I hope she gets someone else to tell her that. She obviously should sell the car in the meantime to get a cheaper one and get everything back under control until the income is increased and stabilized.

[trebmaster]

This is definitely us ever since my wife lost her job and her medical bills went through the roof. There's nothing out there to rent or buy that's cheaper anywhere.

[BagsNBaguettes_]

Love when Dave asked about the car debt knowing they had it. 1700 a month is affordable in Florida now, rents alone are 2000 for a 2/2. Add to that car payments, food, daycare, etc.