Dave Ramsey Is Sometimes Right, But OH SO WRONG For First Time Home Buyers
Dave Vs. Dave Round 2For those of you new to the show, let me explain. I have a love/hate relationship with Dave Ramsey. Dave is great for debt but horrendous for first-time home buyers. The world has changed and his old-school philosophies do not take into account the challenges facing Millennials, Gen Z, and all the first-time home buyers out there. Even he says, “In 2022, the time to buy your first home was yesterday. There is no crash and no bubble.” That is right. Captain Conservative Dave Ramsey says the market is not going to pop. The only place for the market to go in the future is up. Congratulations to Dave for being right, but in this episode, we are also going to discuss where his advice is dangerously wrong for first-time home buyers. It is Dave versus Dave round two.
—What is happening, my How to Buy A Homies? I am the other Dave, David Sidoni, and for many years, this has been my jam, my complete and total passion. I have been fighting with Dave Ramsey loyalists for the entire time. There is nothing new for me in this episode. I have already been through this. In fact, I did it once already on episode 69 but this is round two. This is not going to be a complete-rag-on-Dave session. It is just a simple look at some simple math. However, I am going to get real and it might not be so pretty. Dave has cost his followers hundreds of thousands of dollars by giving awful advice. He loves to claim that he loves real estate, but he hates debt more. Where the problem is, is that he thinks that your home mortgage, he lumps that into all debt. Therefore, his advice on how to buy costs people big-time dollars, especially first-time home buyers. It is not up to date with the modern economy and the high cost of homes combined with ridiculous, constantly rising rent prices. I know people still think he is the best resource to figure it out. When you are a young person and you are working on getting your finances together, there are not a lot of good resources out there, so your options suck. You have either got the big baller want-to-be influencers giving you investment advice and taking pictures of themselves in front of private jets, the super adult-y high-level finance from financial advisors speaking way over your head, or the super sketchy credit-fixed specialists. You got to be careful. A lot of them are scams and they are trying to take advantage of you. Now you are already freaked out and sketched out when you are trying to find financial help online, so then you start looking around and turning towards the first-time home buyer resources. Your choices get even worse. It is newbies, rookies, part-time realtors, or mortgage pros desperate for a sale and hoping that you can be the client to help them finally get a paycheck or, even worse, to help them figure out how to do their job. What do you do? You turn to reliable Uncle Dave. Dave Ramsey’s over-the-top, ultra-conservative concept of no debt views a whole mortgage as a debt, and all debt is bad. This is where bad meaning bad, not bad meaning good. This has cost his followers tens, even hundreds of thousands of dollars. How so? It is something we call equity. Dave likes to play it safe. I call it old school over-simplified. That is a great way for him to run a business, but not necessarily a great way to properly serve so many of you out there that are just trying to figure out a way to dump your rent. It has cost millions of would-be first-time home buyers a chance to buy a home in the last number of years in the right way. Dave Ramsey is great for debt, but horrendous for first-time home buyers. The world has changed and his old school philosophies do not take into account the challenges facing Millennials, Gen Z, and all the first time home buyers out there. Click To Tweet Dave says, “Do not do it when you are broke.” He says that the average renter with an average of $35,000 in savings with four credit cards at an average balance of $5,000 for a total of $20,000 in average debt which pays the average $2,000 a month for their apartment, is broke. Do you feel broke? He says that broke fools should not buy until they pay off 100%of their debt and then they boost their savings to six months of complete reserves and then save up 20% down payment for that average $400,000 home. That is about $90,000 that you have got to save up to cover your down payment or 20% plus your closing costs after you have paid off 100% of all your debt and boosted your savings up to six months.
Dave Vs. Dave Round 2All the while, he says that homes are going to continue to get more expensive and the interest rates will likely rise too. I am going to break down that math, Magic School Bus style, in a minute, but let me explain how I got here. Why am I going into round two? This all started because Madison is my badass from episode 53, the 24-year-old single lady who bought herself a house. She sent me a clip of Dave Ramsey on TikTok. He said, “Summer of 2022 is the best time to buy a home. Prices are going to go up for five years. Do not wait.” When I saw that, my mouth dropped, I could not believe it. I have heard Dave say this before and seen him cost all of his followers tons of money, but I cannot believe he is still saying it. Going back to 2018 on YouTube, over 2 million views on one of Dave Ramsey’s rants back then. He said in 2018, “It was a scorching hot market, but not a bubble.” It’s like what he said about now in 2022. In 2018, he warned all of his disciples not to get carried away and buy a home because the market was so scorching hot back then, pre-pandemic. He said, “Do not buy a home when you are broke. That is why they called them mortgage brokers because they help you stay broke.” He said unless you buy a home his way, you are begging for trouble. Only buy if you follow his baby steps 3.B and get totally out of debt with six months of reserves and a full 20% down payment because PMI is the devil and ever buy on a 30-year mortgage. Always use a 15-year mortgage. That is how to do it right and not go broke. That is what he said. Do you see it? Do you see the fatal flaw? He said all that in what was a rising market. What he said was a scorching hot market, a non-bubble market, and this was pre-pandemic. If that does not sound contradictory to you, keep reading. With the almighty math, it should become very clear to you. Someone in the comments of this video actually said it a lot better than I could. Someone commented on this 2018 video with 2 million likes. I read this and it sounded like one of those documentary testimonials when the producer finds one of the people who got out of the cult and they took an interview with them to hear, “What happened to you?” This is what it sounds like. Read this comment, “I bought my first home at 47. I did still have debt, but not bad.” You had debt? Dave says you are broke. “I did not have 20% to put down, so I had PMI for several years.” Dave says PMI is the devil. “Seven years later, I have no debt but our home debt and a year of savings in the bank. I refinanced to a fifteen-year fixed four years ago at a lower rate. Our home has gone up in value by $100,000. Our home is a blessing, and if I had waited to put all those steps in place, I would have missed out on the opportune time to buy a home when housing prices were low, interest rates were low, and right before the values of homes started going up. I would not be able to afford nearly the home I have now if I had waited. We are in a much better financial condition because of it. Am I the exception? I believe God led us to our home and the time to buy it.” Now can you see it? I think it is great if you think God brought you there, but I am going to try to help the rest of you with one of my smaller gods. It is the god of math. Hopefully, this is getting a little more clear for you, and I am going to explain it to you with the map, but first, let’s see where Dave is. In the TikTok that Madison sent me that started this whole round two rant for me, Dave is answering a question from one of his listeners, and the question was, “Should I wait to buy a house?” Dave said, “Right now is the best time to buy a house in the next five years. Here is why. Prices are not going to go down.” Some of you are saying, “I am going to wait for prices to go down.” You are not going to get them. They are not coming down. They are going to go up slower, but they are not going to go down. They may hardly go up at all, but they are not going to go down. Five years from 2022, houses are going to be more expensive. This is as cheap as they are going to be in the next five years. Truthfully, I have heard him say 5 or 10 years since I started researching this, but that is what he said. Back to the TikTok, he said, “This is going to be the best price if you are going to buy a house. The people who say interest rates are up, I tell them, ‘Buy the house. If interest rates come down, refinance.’” Now, even in these high-price unaffordable times or even Dave Ramsey says buy now, I agree with him on that, but I totally disagree on how he says to buy because his how affects the when you can buy. He said, “We are in an upward trending market. It is not a bubble. Today is the best time to buy because houses are going to be more expensive. It is going up and you should not wait to go down.” That was his answer to the question, “Should I wait or should I buy now?” The time to market effectively, the how is going to affect the when, and economically if when, ASAP, is the best time to replace your largest monthly payment, your rent, with forced savings account mortgage payment that not only provides you shelter but also is going to gain you equity with that payment. That is fixed and will not go up as your rent will. The time to buy was yesterday. If you missed that, then the time to buy is today. Click To Tweet The how seems important when compared to the when if you are going to push the when back with the how. Does that make sense? It does to me, so I am going to keep going. Stop worrying about when you should buy a house. Why? It’s because we just got told this is the best time in five years. I disagree with Dave a lot, but in this case, I agree. The argument and the debate is over. The experts have been chiming in since before the pandemic, during the pandemic, and now in whatever the heck we are calling this time. The time to buy was yesterday. If you miss that, then the time to buy is today. This is not a bubble. Even now, Dave Ramsey, Captain Von Careful, Mister McCautious, says, “Do not wait.” Even though there is recession looming and inflation is straight up, blowing up. Is there uncertainty in 2022? Yes, I understand, but are things going to collapse and leave you in foreclosure? No. Data, math, facts, inventory, supply, and demand all say otherwise. I have given you the data in episodes starting way back in 2019. It might have been 2020, but they are there, episodes 29, 38, 40, 47, 57, 67, 68, 70, 73, 74, 75, 84, 92, 93, and 101. That is why I dropped the mic. That is why I say fight me. I know that all that data might not wrap you up like a warm blanket in these freaky economic times. It is like Stranger Things out there. It is hard to figure out. Fear grows in the unknown, so this knowledge reduces the fear. That was poignant. Someone put that on a mug. It is natural and logical to think that bad headlines mean bad things about buying a house, but sometimes bad meaning bad is bad meaning good. We already went over that. Remember, the data does not support those crappy headlines even Dave, Mister Play-It-So-Safe-With-Your-Finances, that you are going to look like a Puritan from the 1600s with no skin uncovered and your wardrobe from head to toe. Even he says 2022 is the cheapest it is going to be for five years. You have options to get in and start building wealth now at the cheapest time to buy. There are and there always have been. Not always, but since I have been doing this for many years, there have been tons of options to help first-time buyers get to the market with low down payments. Dave and the other old-timers stick by their Jurassic philosophy saying that, “The only way to stay safe is 20% down.” He tells you the market will keep going up but then delays your entry into it. I am agog and aghast. I am downright flabbergasted that this dude has been holding back an entire generation of home buyers with this 20% down and 15-year loan BS. I will say it again. This is what Dave says. Dave says, “Do not buy when you are broke. The average renter with the average $35,000 in savings, four credit cards for $5,000 each for $20,000 in debt which pays the average $2,000 a month is broke.” Is that you? Do you feel broke? He says that broke fools should not buy until they follow all his steps. All those steps are about $90,000 you have got to save after you have paid off all your debt and boosted your savings. All the while, he is also telling you the homes are going to continue to get more expensive, and interest rates are going to rise too.
Why I’m Not Just A Dave Ramsey HaterDoes this make sense to you? Do you still think that I am a hater? Let me break this down, math style. It is time for me to get all up in the numbers like Matthew Math Matthews. Do you remember him? He was from The Magic School Bus. Dave Ramsey’s mortgage calculator is a pretty good mortgage calculator. I give him that, but if you go and put in $400,000, the average price for a home, at a 5.5% interest rate, might not be the average by the time this episode drops because rates are going up, but we will use that number. Instantly, it is going to recommend that you put 20% down and you do a 15-year loan. If you try to change it to a 30-year fixed, it straight up tells you right on the calculator, “We only recommend a 15-year loan.” If you do it his way, that is going to show a monthly payment of $3,138 for PITI, but that also includes $86 for an HOA. For this math example, I am going to eliminate the HOA. That $86 throws everything up. We are just going to do the PITI, Principal, Interest, Taxes, and Insurance on a single-family home with no HOA. If you do it Dave’s way, it is $3,052 a month. That is with 20% down and a 15-year fixed loan. You can go Google it right now and run the numbers for yourself. 20% down on $400,000 is $80,000, plus you have to add another $8,000 to $12,000 for closing costs for total all-in of $88,000 to $92,000 on the monthly payment, as I said, $3,052. Now, if you take that same price in the same calculator and change it from a 15-year loan to a 30-year loan, it is $2,254 a month, Principal, Interest, Taxes, and Insurance. That is a difference of $800 a month, but Dave does not want you to do that because then you are going to have debt, and that is a terrible thing. That is just the beginning. It is an $800 difference if you spread this out and if you actually leverage this home payment. I am under the assumption that if you can afford this payment for the next 15 years, you are going to be able to afford it for the next 15 years after that. If $800 a month of savings is the difference between a 30-year loan and a 15-year loan, it means you can get in now before home prices and interest rates keep going up, then maybe you should do that and get the equity. Fear grows in the unknown. Knowledge that reduces that fear. Click To Tweet Let’s see what happens when you put 5% down, which is only going to cost you about $28,000 to $32,000 all-in for your closing costs and your down payment. If you do that and monthly, it is going to cost you $2,753 PITI. What about PMI, the devil? Throw that in for $100 a month and the PMI does not stay on your loan forever. The payment goes up to $2,853 a month. It does not sound much different, but let’s see how it works. You manage your debt and you only save 5% down as opposed to saving 20% down. That is $28,000 to $32,000 to buy. You are going to pay $2,853 a month, which is $200 less than Dave’s 20% down and 15-year loan program. All of that is after, according to Dave’s plan, you have already paid off all your debt down to zero and you have saved six months. That is why I say and the 47-year-old dude from the comments from 2018. This is the cheapest it is going to be in five years. In other posts and comments, Dave said it might be ten years. If you need to save 20% down, what are you going to be paying while you save up? Rent. What is going up? Rent. What is the same about buying with a 30-year fixed with 5% down versus buying with 20% down on a 15-year fixed? The payment is fixed. What is different? The years you take to pay off your debt down to zero, save up to six months, and save up $60,000. That is the difference in the how to buy. It just kills me. In a world of high inflation and rising rents, if you do not explore the alternatives and you are not being conservative, you are just being naive. I say that with love. This is not your fault. You do not make money for anybody who is going to give you the plan to do this correctly. No one is out there building a business to give you this plan. Back in episode 53, I interviewed the 24-year-old Madison, who I talked about earlier, who sent me the first TikTok. Thanks to Dave Ramsey’s teaching because she was a disciple. At 24 years old, she had a ton of money, and she was able to buy her first home just a couple of years out of college. That is awesome. That is great for her. Thanks, Dave, for helping her learn how to save money when she was 14, 15, 16, 17, and 18. She tuned in to the show and then she came to me. After talking with me for a little bit, she figured out, because she is a smart cookie, that she had some alternatives. She found herself in a unicorn bubble. That is the good kind of bubble. Honestly, she wanted to buy earlier because she hated her rental so much. She wanted to do something with the savings that she had worked so hard to accumulate. After having deeper conversations with our unicorn lenders and me, she decided that buying with a low down payment is the better alternative for her. It could maximize her savings while she wrote out the appreciation on the home. She ended up buying an April of 2021 for $475,000. A bit over a year later, her $475,000 home is worth $625,000. This is not what I am promising you. That type of promise, if you hear that from anyone out there right now, that is the headline. That is the scam artist. They are trying to sell you to dunk Dave’s theory now and buy with them or buy their seminar, workshop, or webinar. You will not get that kind of return if you buy in ‘22 or ’23. You are not going to get that much equity that quickly. I do not promise that. This is not the land of ice cream, rainbows, and Willy Wonka. This is the reality of where the market is, but I’m also telling you how you can still take advantage of what is happening. Things can change and will change, but if Dave is right, we are going to have five years of slow growth with no crash or no drop. I am glad he said that in one TikTok because I said it in those bazillion episodes that I have been producing for a number of years. If he is wrong, then I have also produced episode 98 on how to handle a flat or dipping market with a 7 to 10-year plan of owning that home. It is still better than waiting it out, renting, and sitting on the sidelines.
What Listening To Dave Ramsey Will Cost YouYou are covered either way, but let’s suppose that we do not have to go to episode 98 for a flat and declining market. What if we just have a flat or a slowly rising market and Dave and all the data is correct? Let’s talk about the how you buy and what it is going to cost you if you follow his don’t-go-broke plan. How much are you going to pay in rent to save up that $60,000 that you need to go from 5% to 20% on the purchase? $60,000. That is assuming that you already have the 5%. If you do not have 5% and you are starting from nothing, you have got to rent and follow his plan to save $80,000 for 20% down. For the purposes of this math, let’s say that you have already got the 5% down, so you are sitting there with about $30,000 in the bank, but you listen to Dave, you do not do the 5% down, and you do not buy a house now in 2022 because you do not want to go broke. To get to a 20% down payment, that means over the next three years, you would have to save a minimum of $20,000 a year. That is no easy task. In a world of high inflation and rising rents, if you do not explore the alternatives, you are not being conservative; you are just being naive. Click To Tweet Let’s use this example to show how preposterous this old-school thinking is in this high-rent world. $60,000 in three years is what you have got to save. According to Rent.com, the average two-bedroom is renting for $2,065 a month and has gone up 25.7%. That is crazy. That is over $500 each year, but I will go conservative on that. We will say that your rent at $2,000 comes back at $250 added every year. That is a number that might ring true to a lot of you out there. Even at this half, the actual 25.7% number that came out, the math of your rent going up to $250 a year is still no bueno for Uncle Dave’s plan. If rents go up to $250 a month each year for the next three years, then you are going to pay $3,000 more next year, $6,000 in two years, and $9,000 the third year for a total of $18,000 extra that you are going to have to pay while you are trying to save up to get that 20%. You would not have had to pay it if you bought it because you would have locked into a fixed loan amount. I love home ownership. It is locked. That is one important little piece of information that Dave neglects to tell you. It is about the whole awful mortgage is bad and it is a debt thing, so compare that to rent and how rents have been going. That locked payment kicks booty over this modern rising non-fixed rent world that we live in. I have been screaming this since 2011. I said the market was going to come back, and the rents were going to keep rising, but I did not have a national show yet. The only person that was watching those YouTube videos were my local clients and maybe family if my mom and dad could figure out how to use YouTube. The point is not only are you saving up, but you have got to pay an extra $18,000 in rent while you are trying to save up $60,000, and home prices and interest rates are all going up. Your rent is being paid out to nothing. I do not think that is what Ms. Frizzle meant when she said, “Take chances, make mistakes, and get messy.” I cannot be clearer than that. You have to save $20,000 a year for three years, plus the extra $18,000 that you have paid in rent, making that total $60,000 plus $18,000. The last time I checked, that is $78,000 that you will have to save while you are trying to sit there and make the smart purchase, according to Dave. One more thing. In those three years that you are trying to save $78,000 while you are paying rent goes to nothing, and if you had bought instead of owning that place, your monthly fixed payment would have paid down the principal on that home by $16,239. That is you putting payment into an asset. The sooner you own, the sooner you are paying down the mortgage. There are simple facts here. Renting goes to nothing. Owning even in the first few years, when you are paying lots of interest on your payment, you are still going to be paying down your mortgage. On a $400,000 loan in those first three years, you are going to be paying it down $16,239. That principal reduction will increase every year because the interest is up top and just a little bit of principal. Every year, it shifts and you pay more and more principal. Do not even make me extrapolate. This math is for the new era. Math for those of you out there who could benefit greatly from some new generation thinking beyond those basic old-school formulas, is designed for a different world. It is still the biggest resource out there because no one else is out doing this kind of information and helping you try to beat the new game. It is totally different than it was in the years past. While Dave has been telling you since 2011 to save up 20% down, so you did not get in trouble each year, the people that followed his advice could have bought with 5% down and not lost out on an obvious coming appreciating market. In 2011 and 2012, we had been going down forever. What goes down always goes up when it comes to real estate. How much did Dave and these old-school principles cost everybody? Shall I extrapolate? In my example, I said that if you were waiting, you would have to save $20,000 a year for three years. It is $26,000 because we forgot about that whole money you lose and the rent increases. Think about it. Could you be paying your rent and save $26,000 a year? What if you could only save $10,000 a year? It is time to extrapolate. Let’s go back and see where the home prices were and the Dave Ramsey followers were looking to figure out how to buy a house. Let’s say from 2015 to 2021. They are figuring out that they had to save money and could only save $10,000 a year. They did not want to put that 5% down. They wanted to put the 20% down. To be fair, the medium price back in 2015 was only $289,000. It was not the $400,000 it is now. Back then, if you were trying to buy that $289,000 house, you would not have needed to save the whole $78,000 to go from 5% to 20% down. The 15% difference would have been about $43,000. If you followed his method, you would have to save a little over $7,000 while paying rent over those six years. You could get from 5% down to the full 20% down, but what do we forget with that? Your rent would have increased every year. Let’s say, back then, your rent would go up to $100 a year in this example. Doing that math is going to kill you and your soul, so let me add it up for you. $1,200 more the first year after you could have had that locked-in fixed payment, but you are paying the rent to save money, $2,400 the next year, $3,600 after that, $4,800, $5,000 more in the fifth year, and $6,200 in the sixth year for a grand total of $23,000 extra that you would have had to pay in rent over those six years. The 15% difference between buying a 5% down and 20% down that originally was $43,000 is actually $43,000 plus $23,200. You have to save an extra $66,200 to buy that $289,000 home if you do it the safe, non-broke way at 20%. Fast forward, it is 2021 and the $289,000 home that you have been saving up to buy with 20% down costs $400,000. You need more money. Dave Ramsey was telling all the people what to do to be safe and not be broke. Instead, he caused them hundreds of thousands of dollars. He sidelined thousands and thousands of potential homeowners and strapped them into a rent cycle when they could… Click To Tweet It also shows you that if you would go back and purchased the home for $289,000 with that smaller payment, you would have been paying just a little bit more than the rent you were already paying anyway while you are trying to save up and buy the home safely and not be broke. In 2021, you would have owned that $289,000 home worth $400,000 with your fixed payment. You would have paid off $55,000 of your loan principal while owning a home with $111,000 of equity on top of that. That, my friends, is why when people say, “Should I buy now or should I wait for it to go down?” Do not just wait. Find out every way that you can buy right now. This is not like anything else that you have ever bought. This is not a TV where you are watching the price for it to drop and get a good deal. This is a moving target, and you already pay a TV payment every month. You cannot buy it the same way like you are buying the TV that you want to add to your life. It is already there. In fact, you own that TV. You do not own it, but you are paying for a TV that your landlord gets to watch. It is one of those 98-inch bad boys with movie sound and he gets to watch it every month, but you are still going to wait until you can buy it when the price drops.
Who Is Dave For And Who Is Dave Not ForWhat really sucks in my extrapolation calculation that is sweeping the nation is that it was not sweeping the nation back in 2015. Back then, it was just Uncle Dave. Dave Ramsey was telling all the people what to do to be safe and not be broke. Instead, he caused them hundreds of thousands of dollars. He sidelined thousands of potential homeowners and strapped them into a rent cycle when they could have been earning equity, costing them hundreds of thousands of dollars in their financial portfolio. I love him for helping people get out of debt, but I am super bummed and do not like everything that I just talked about. I do not agree with his prehistoric old-school principles. To all of you that are thinking that buying a home is risky, all those who are listening to Uncle Dave and thinking that right now, you just need to hold off. I extrapolated and did all the math and data for you. The safe, conservative guru, Dave, says that the market is not going to go down for five years. Even he says the best time to buy is now because it is going to be going up for the next 5 to 10 years. Dave, will not like to hear this, but let’s get these people looking for answers in the entire picture. If you are going to tell them, “Now is the time to buy,” give them every option, like the how. I have been saying it since 2011. I am no genius. I wish to sell the houses in an area where it is freaking expensive. I had to research the how for young Gen X-ers and Millennials. Now, I am trying to do it for the Gen Zs. I had to find a way to help people fight the rising rents and still be safe. I have been advising people to buy with a 3.5% or 5% down with one of those loan programs. I have been advising people to use it for decades. For some of my super scaredy-cats who had 20%, I even told them maybe they should look at a 5% down and put the extra 15% into a money market account. What is the worst thing that can happen? You can always pay down your principal anytime you want to. You have got the money right there and it is liquid. We know the when and now you know the how. You are aware that you have missed the huge explosion of equity. You are not going to get the gaudy numbers from my time machine extrapolation that I did, but this is still the right plan. You are still going to lose if you wait for a crash. If you buy now or as soon as you can with 3.5% or 5% down, going into a slower appreciating market, you still win. I did the math. I only tell you this so you see what you can do, what you can take advantage of, and what you should not do, which is wait. I understand not everybody out there can buy a home. Dave, for many of you out there, might be your best play to get your finances together. That is his jam. I am down with that. Mine is to help people buy their first home. I am not selling you a credit cleanup or a sure-thing seminar on how to buy a house. If you struggle to make your rent, if you have had to move into a cheaper place because you could not afford rent, if you have ever been evicted, then you are not likely to be able to just pick up and buy a home immediately. Maybe you need some of that over-the-top discipline or you need Dave, his plans, and his change in lifestyle until things change for you, like your career or income changes. Straight up, some of you were bad with money. I can say that because I know it is not totally your fault in a lot of ways because the resources suck. The reality is if you do not have a lot of money and you cannot pay a lot of money, there are not a lot of quality services out there for you to help you because you cannot pay a lot for the service. For many people, Uncle Dave and his strict disciplines are necessary. It is something you need to use to relearn or learn, for the first time, these adulting techniques. For many of you, homeownership is closer than you think, and it is still safe. If you have got a regular life plan, a little bit of savings, a decent job going, some good career opportunities, or never had to worry about missing a rent payment, you have never been close to being evicted. If you know that you have a decent career ahead of you, you might not be in a current job that you are in forever, but you are starting to build enough of a resume that you know that you are going to be able to work for the rest of your lifetime. If you know that your rent is pissing you off, they are not going to threaten to make you homeless. With all that, maybe you are looking to explore something else that is better for you, then it is time to get a more organized financial plan that takes into account this new economy. Debt is bad and I get it. Lumping this home and this mortgage debt into something you cannot afford is holding people back big time. This is not that new computer that you need to buy, but you decide to buy on credit anyway. That is bad debt and going to keep you broke. This is something that you already pay for every month. It shelter. It is a need, not a want that you are buying way out of your budget. It is time to work as planned, time to get smart, and time to get out from under your landlord. This is their time to make out like bandits. They are. How about you do not stuff their pockets anymore? Homeownership is closer than you think. It is still safe. Click To Tweet We got the when. Now let’s focus on the how. If you want more insights, it is @DavidSidoni on Instagram, @HowToBuyAHome on TikTok, and the How To Buy A Home Podcast kicking it all over YouTube, even though we do not have a lot of subscribers. Come find us. I saw a comment that said, “This is the most underused channel on the internet. Why don’t more people know about it?” I do not know. Find me on YouTube. If this helped in any way, do me a favor and share this show. Ratings and reviews always help to get the word out. I take a lot of time to research the facts and the data and get it to you. All those episodes that I mentioned earlier took a long time for me to make sure I was giving you real information and not just fear headlines. Each one of them took hours and hours. Spread the word, get it out to other people, crush the confusion, and squash the fears. All those headlines out there that are creating that fear in you, squash it. We are all going to be like Eleven and just point our hands and blow things up. Do not sleep on this. If you cannot buy it now, hit me up at HowToBuyAHome.com. Everything is there. We will give you a personalized plan. If not in 2022, then how about 2023? You know I am still going to be here every step of the way and be sure that you are on the right path. I have seen this work in every kind of market. I can see a plan that will be better than renting even if the market starts to slow. It is not the right plan for me. It is the right plan for you because you can do this.
- Episode 69 – Dave Ramsey Is Dead Wrong When It Comes To Buying Your First Home In 2022 and Beyond
- Episode 53 – Real Story From A Real First-Time Homebuyer – Madisons Story
- Episodes 29 – How Do I Time My Home Purchase If A Recession Is Coming
- Episode 38 – Housing Forecast 2021 For First-Time Home Buyers
- Episode 40 – Should I Buy My First Home Now, or Wait? Question of the Week
- Episode 47 – Is This A Housing Bubble Ready To Burst?
- Episode 57 – It Will Cost You Much More To Wait For Things To Cool Down
- Episode 67 – How High Inflation Is Affecting First-Time Home Buyers?
- Episode 68 – 2022 Housing Market Forecast For First-Time Home Buyers
- Episode 70 – Urgent 2022 Housing Market Update For First-Time Home Buyers
- Episode 73 – Emergency Information Again On 2022 Bidding Wars and Your Realtor Representation
- Episode 74 – The Bubble Bursting and a Market Crash and What To Do as a First-Time Home Buyer
- Episode 75 – Inspection Red Flags New Tips For 2022 Bidding Wars And To Wait Or Not To Wait
- Episode 84 – 2022 Crucial Market Update And Bidding War Winning Stories
- Episode 92 – Is The Crazy 2022 Housing Market Changing?
- Episode 93 – Truth Bombs On The Housing Market Bubble Watch Or Ride The Wave
- Episode 101 – Google Searches For Housing Bubble Has Been Spiking
- Episode 98 – Time For A New Game Plan To Buy Your First Home My Story
- @DavidSidoni – Instagram
- @HowToBuyAHome – TikTok
- How To Buy A Home Podcast – YouTube
This podcast was started for YOU, to demystify things for first time home buyers, and help crush the confusion. After helping first timers for over 13 years, I knew there wasn’t t a lot of clear, tangible, useable information out there on the internet, so I started this podcast. Help me spread the word to other people just like you, dying for answers. Tell your friends, family, and perhaps that random neighbor you REALLY want to move out about How to Buy a Home! A really easy way is to hit the share button and text it to your friends. Go for it, help someone out. And if you’re not already a regular listener, subscribe and get constant updates on the market. If you are a regular and learned something, help me help others – give the show a quick review in Apple Podcasts or wherever you get your podcasts, or write a review on Spotify. Let’s change the way the real estate industry treats you first time buyers, one buyer at a time, starting with you – and make sure your favorite people don’t get screwed by going into this HUGE step blind and confused. Viva la Unicorn Revolution!