THIS Is Why There WILL NOT Be A Housing Market Crash! - Dave Ramsey Rant

Explore More Shows from Ramsey Network:

Ramsey Solutions Privacy Policy

[Zorcon]

Massive amounts of people overpaying and losing their jobs soon? Surely nothing will happen

[efzjkbb]

I agree with Dave on everything except for this. Dave’s giving the classic real estate agent answer. We will see....

[jordancomfort]

He is so right on so many other things except this! The crash will happen due to rising interest rates, inflation, nationwide layoffs, and food shortages. It has the potential to be worse than 2008.

[fishjungle]

Dave, wages are not keeping up with the cost of living. People cannot afford to pay the current price of many houses at the moment not including the interest rates. Assuming you are correct, we would reach a point where only wealthy people can afford them. The rate of growth houses are going through is not sustainable! I will respectfully disagree on this video.

[jt]

It will be okay Dave

Denial is the first stage and you will eventually recover.

[Kyle__V]

Housing crash by Q4 this year. There are way more factors at play affecting buyers and sellers than Dave is apparently aware of.

Inflation.
Record gas prices.
Retail consumption down.
Consumer debt up.
Average household savings down.
Housing extremely over valued.
Interest rates up and climbing.
Layoffs starting.
New build inventory surging.
Resale inventory surging.
Lumber/steel prices dropping due to LESS demand.
Foreclosures up 41% Q1 2022 and climbing.

Also MAJOR RECESSION INCOMING.

Stack cash and buy a house outright in the near future. Deals are 6-24 months out, don’t believe the media.

[dylanlyons]

The scariest thing that make me think a full blown 2008 is coming is that…this isn’t just America Guys. I’m from Ireland…housing crisis, all time high property prices, serious rates of inflation on everything. It’s bad.

Housing crash…probably not. But a serious recession…likely.

[Noplaydre]

Dave is wrong about this one...the thing he is missing is "income". the average home costs 250k and folks making 40k-60k a year will never be able to afford those prices. So its going to crash because not only can they not afford those prices they can afford apartments either with the average cost of them going up to 2k a month.

[dougmiller]

During 1979-1982 the Nominal and Real US home prices fell. This coincides with the increase in inflation from 1978-1982. Why would Dave think home values wouldn't fall, given the historical data? For a guy who constantly brags about his research of millionaires, Dave is ignoring simple economic principles.

[rharris]

Dave was right on inflation and now he think's he's right on everything. He def going to be eating some of that humble pie soon.

[curtis]

It isn’t 100% based on demand. It varies with interest rates. And affordability dropping quickly drops the demand/prices

[Rickyyhu]

Dave is being a real boomer with this one

[jessem]

Dave also said inflation was kookoo a year ago and to adjust peoples tin foil hats. I trust Dave with personal finance discipline, I would never trust him as a macroeconomic advisor.

[timbatman]

Even at record low interest rates affordability was at an all time low. This is unsustainable and a correction will happen

[MrSdragon]

When there is no jobs paying for that mortgages housing will come down.

[kenny-qkkd]

There's going to be an EVERYTHING crash.

[ChadCandiceMorton]

I feel bad for people that don't already own a house.

[jdboyd]

The recent inflation numbers caused the mortgage-backed-security auction to fail a few days ago... There were NO bidders for the securities!!! So banks will at some point be forced to stop making home loans. Additionally, almost all real estate including the corporately owned houses, are financed. I can see the first signs of this going south in the next few years.

[lucid]

It’s ALREADY going down. What are you smoking? There are not more buyers when people can’t afford FOOD. You are wrong

[yayyareaa]

Prices are already coming down lol
Come on now Dave you’re better than this