Dr. Delony did a great job of getting the caller from this is a short term math problem to looking at what they want their life to look like in the long term👏🏿👏🏿
Yes it is. Everything I own in my 1500sq.ft. condo can fit in less than half the space of my two car garage easy. A 5000 sq.ft. house lived in for over 20 years will be a nightmare.
@@blackworldtraveler3711 there can be other circumstances, as well. I had to help empty both my mom and dad's properties, they had divorced .. so quite a lot to go through, to decide what to keep and what not.
Do not underestimate the sentimental value of the house that has the memory of your family life. The older you get, the emotional welbeing is more important.
A home is where you are. The memories remain with you in your mind and photos. The house is just a house, the home are the memories you can take with you wherever you are.
It is exactly the sentimental factor that gets people stuck and living in a big home on a large lot well into their 70's and 80's. They wind up hiring everything done and become so overwhelmed by their enormous amount of stuff that they can't wrap their heads around getting rid of any of it. When an emergency happens it then becomes up to the adult children to drop everything in their own lives to come rushing and try to get their parents downsized and into more appropriate/manageable housing . Don't put that stress on your kids.
@@goofygirl1311absolutely. And greater health happens when we are able to stop clinging to the past and free our minds and hearts and lives to make new memories. Then we can be vibrant elderly people living in a hime that doesn’t overwhelm us and our children can come visit and enjoy us and hear about the good times we are enjoying instead of having to do triage on our overwhelmed lives that we can’t take care of ourselves.
@@bangladeshirealtor Thats where americans are different from europeans. We dont sell houses. We live in them our whole life and than our children life in them there whole life.
@@kingofrivia1248 lol check the data , what you speak of is incorrect . plenty of ppl are selling homes for record prices in europe at the highest volume ever . it’s no different than America . You may have more multi generational housing , but it doesn’t mean ppl don’t sell at some point , esp the elderly .
People call in to get a pat on the back for being so $ shrewd and Dave cant give em an 'attaboy' fast enough. Does Dave ever really pull someone out of financial trouble ? Every caller is fine.
We did exactly that except in addition to a smaller house also bought a condo on the beach. Emotional attachment to the old home is very strong, four years later I’m still having dreams and flashbacks. Money wise we got exactly same appreciation on a house and a condo combined as had we stayed in our home. The plus is that my husband’s health improved in a new climate, the minus - I miss our home to the point that I’m ready to build one more house in old area on available lot we are still holding. Tough decision for sure but its a great problem to have.
They are in an excellent place financially regardless of what they decide to do. If you can easily afford a 4k a month rent, you won at the money game. Just enjoy your retirement, and congrats!
I live in coastal Florida and near me the home prices did not get back to pre 2008 levels until 2014. Now in 2024, a home that was $250k in 2015 is $600k.
This man is having a mid life crisis (nothing wrong with that). He wants to have fun and enjoy life. He’s worked hard for the things that he has. Now it’s time to let loose . I just hope his wife can keep up with his young spirit.
@@taylorsmith9629 maintence. It is hard to be that carefree person when you need to have a new sewer installed and the pool filter keeps plugging and the city or HOA just instituted a new rule about bushes and grass height. Then the windows need up-graded and the sump pump isn't working quite right but you can't get a new one until Aug and who needs it then?
This guy is a cultural icon.Most don’t know it until decades later.Including them.From a Bobby Fischer to a Frank shorter….they change millions of us just by being who they are.He has CERTAINLY altered my brain when it comes to how I exist with money.
well, I wouldn't rent again. I would purchase a condo or a smaller home. Renting is $4k a month on the area, and its money wasted you can just purchase a condo/home for less and its less hassle.
I agree, but the problem is that the smaller house or condo is going to cost pretty much the same as the house they are in and probably appreciate slower.
Keep the house and take out a 7-9 month lease (in a luxury spacious apartment) in the trendy area of your choice. See if the hustle and bustle of urban living is really what you want. It may be energizing.....or soul crushing. Give it a trial.
Living in a place that’s hopping with activity is different from going and doing things there several times a week. All the activity destroys the peace and quiet for residents. If you rent your house out, it will never be the same. Tenants aren’t going to care for it. Don’t you want grandchildren to come and stay?
It's like Dave completely forgot that there was a pandemic, massive materials shortage and record low interest rates. I don't think they will crash, but correct back to pre pandemic numbers seems logical to me. Fuel and food prices are already cutting into budgets, thus less money to move up in house.
Someone mentioned investors, I feel that investors should be required to wait until at least 30 days until after a listing goes online. My wife used to work in a real estate office and her boss would buy properties to rent out, and she mentioned that her many times had to wait due to some rule/law
I just double and triple checked your timeline for 2008 real estate crash and full recovery took till 2017. In fact it didn't bottom out till 2012! BIG difference from your numbers!!!
Housing prices in Las Vegas took over 10 years to come back in many newer communities. I know this because I bought a home in 2006. I think all the advice here is spot on I just wanted to mention that Las Vegas was an anomaly given that it was the biggest boom town in the country. Even homes in well established neighborhoods took 5+ years to get their value back.
I bought a foreclosure very early on after the crash. You’re correct, Vegas did not rebound back to baseline in 18 months. When Dave misses, boy he really whiffs.
We felt it too in Pennsylvania. Bought in 2006, took 10 years to recover our house purchase price. Fortunately we still live in the same house and have now seen some appreciation.
@@dragonjourney2012 because he thought house prices were gonna fall. I have my brothers old address. I’m pretty sure if I looked it up It would be well over $500k now. Now he is paying rent.
Dave, in 2019 houses were half the prices they are now... Houses are going to go down, but they aren't going to go way down! You are saying down as another crash where you can get a house for 40k.
It's whatever happens. The key is to be prepared. People with the cash and don't need to depend on selling their home will benefit no matter what. There were people lining up to buy the beach home I wanted in 2008 after the housing crash. I slammed down $20k over the asking price and paid cash.
"I'm just ready for a change." is code for something else. Does he want out from under the maintence of the existing home? A smaller yard, no yard? No room for kids to come stay when their Life goes flooey? Does he think he is missing something and is looking for whatever he missed while raising kids & keeping the nose to the grindstone? We hear that he loves the area with the coffeeshops and the restaurants, but does she? Or is she going along hoping this is a phase he will grow out of like he has others? Ready for a change makes me think he's looking for a place to make him happy, when we all know happiness is a state of mind.
Yeah he wants to be happy because hes probably spent his whole life making sure shes happy at his expense. Please forgive this man if he wants some happiness in his retirement.
We are not downsizing! We retired last year. It’s paid off! We are debt free! We going to downsize within our home meaning declutter so it easier to clean etc. A smaller house 1/2 the size of our current house would cost us like $400k and that more than we paid for our current house 12 yrs ago so no!!!
My husband wants to downsize. I don’t want smaller, and we’re using 90% of our 2000sf house. I’d go to a one level home that’s a similar size, but he is only thinking cost. I appreciate the discussion guidelines.
It's not just that. The sentimental value for her is probably stronger than just living in a smaller space. It's her memories of raising her children etc.
From what I understand a new house must be purchased within six months after selling in order for the funds to not be taxed. Maybe she likes her house and doesn’t want to move. Why is he so eager to throw away a good family sized asset that will only appreciate in value? IMO Those hustling and bustling places are nice to visit but I certainly wouldn’t want to live there.
It’s their house. They can keep it if they want. The trend of the future is to have caregivers in, so people will need their houses. Condos are too cramped for wheelchairs and walkers, and caregivers need a bedroom and bathroom.
Rationalizing with a women about a house good luck. Life and free will ended for you when you signed the marriage certificate. Those should come with black box warnings. 👰=✂️✂️⚾⚾.
It sounds like this caller is a well-rounded guy who has a healthy detachment from his house. It's just a building and it's too big for them, so he wants to move. John and Dave want to turn it into this psychological/emotional thing about "grieving the home" and "picturing your future." Give me a break.
Our kids are grown, there's only two of us, and we live in our big house. So what? The house is paid off, we can have a home theater room, we can remodel, whatever. And we don't have to move.
At the 30 second mark Dave says that Las Vegas snapped back in 18 months? What? Those who bought in the top of the bubble did not see their house appraised at that value for 12-13-14 years. Same in Arizona. It take no effort to see these value charts. Is he really saying that those who paid 500k (for a house that had been 200k just a few years before), then saw that house dip to 22oK,.......then saw it "snap back" to 500 in 18 months? Why doesnt anyone challenge him on this gross error!!?? It's is just not true! No body would have been turning in their keys to the bank if that were true. Anyone can wait out 18 months. It was more like 12 years!!
He didn't say how old he was if he's a young guy or an older guy. Older people yes I can understand they want to sell the house and get something to rent to avoid maintenance, having to remodel the house to fit growing older and rising taxes
Does anyone else get the feeling this guy is planning to leave his wife? I have friends that the husband talked them into moving and within a year or two the husband left them. This man sounds more unhappy with his life than with his house!
Wrong. The great depression was in 1932 and there have been many other downturns throughout the entire history of the country, just in different varying levels of severity. Like all countries.
$4000 a month for a rental? Take $4000 in cash and throw it in your BBQ and watch what happens that money is gone. Its the same concept when you rent. When you rent your at the mercy of the landlord telling you what you can and can't do and what you're monthly rent is when you live in a paid for your its yours
Him: Kids are gone, let's sell asap. Her: Kids are gone, I'm in my feels and memories. Typical men are physical, women are emotional. He needs to give her time to grieve the loss of her kids that she has nurtured and raised in that home. Slow down and take time to nurture and support your wife through this phase of her life instead of pushing her into what you want.
What I got out of this call was - the wife is a status seeker and can’t fathom downsizing and the husband is looking to get extra cash for a sports car and airplane because he’s going through a midlife crisis. Mic 🎤 drop
It cost alot of time and energy along with money to move and set up a home. Having a bigger home to care for and live in includes good physical activity. Men who have not put their time and energy into creating a home might not get it. What are the ages of this couple?
@@thedopplereffect00 well, it depends on the family. My parents had all twelve grandkids over every week for dinner once a week and let all their kids and spouses have a weekly free evening. It is great fun for the grandparents and the grandkids if you can handle it.
Marriage is not a one way street, it's a two way street, no one person should make a decision, u didn't marry yourself u married your partner, so therefore it called PARTNERSHIP OK .
A man having leadership in the home doesn't mean that he never takes his wife's feelings and ideas into consideration. If you feel that you are the only important person in a marriage, and that your wife should have no say in important decisions, then (sorry to say) something is very wrong with your attitude. A husband and wife are to make important life decisions together.
Wow, that’s the most ridiculous thing I’ve ever heard. So you’re basically saying that men are smart and know what they’re doing and women don’t get to have an opinion. You’re a special kind of stupid. Marriage is a partnership and you’re significant other can help you make better decisions when you work as a team.
Bep4 you also sound like the type of man who would potentially be abusive (to be honest) with the type of attitude you have of "I'm the only important one around here so my wife better do as I say or else!"
I'll never forget that advice from someone...then he got divorced years later. Yes you want your wife happy but within reason...if it's going to bankrupt you that's not an option.
Dr. Delony did a great job of getting the caller from this is a short term math problem to looking at what they want their life to look like in the long term👏🏿👏🏿
Lol....some say bankruptcy is a math problem too.
No way would I rent if I had a paid for house. Sell and buy something else.
A big benefit of being a minimalist is that moving is way less stressful
Yes it is.
Everything I own in my 1500sq.ft. condo can fit in less than half the space of my two car garage easy.
A 5000 sq.ft. house lived in for over 20 years will be a nightmare.
@@blackworldtraveler3711 there can be other circumstances, as well.
I had to help empty both my mom and dad's properties, they had divorced .. so quite a lot to go through, to decide what to keep and what not.
@@kbanghart
I’m just talking about minimalist which is what I am.
Paying 4k a month for rent isn’t being a minimalist though…….
Do not underestimate the sentimental value of the house that has the memory of your family life. The older you get, the emotional welbeing is more important.
A home is where you are. The memories remain with you in your mind and photos. The house is just a house, the home are the memories you can take with you wherever you are.
It is exactly the sentimental factor that gets people stuck and living in a big home on a large lot well into their 70's and 80's. They wind up hiring everything done and become so overwhelmed by their enormous amount of stuff that they can't wrap their heads around getting rid of any of it. When an emergency happens it then becomes up to the adult children to drop everything in their own lives to come rushing and try to get their parents downsized and into more appropriate/manageable housing . Don't put that stress on your kids.
@@goofygirl1311absolutely. And greater health happens when we are able to stop clinging to the past and free our minds and hearts and lives to make new memories. Then we can be vibrant elderly people living in a hime that doesn’t overwhelm us and our children can come visit and enjoy us and hear about the good times we are enjoying instead of having to do triage on our overwhelmed lives that we can’t take care of ourselves.
Las Vegas did not come back in 18 months. Most houses here didn't get back to 2008 values until 2016/17.
Same thing here in Florida. They didn't bottom until 2011/2012 and then got back to where they were in 2016/2017.
Same in Arizona and outward suburbs of D.C. Not sure that Baltimore has ever come back.
Dave Ramsay is wrong on this 100%
Why the heck would you go from a paid off $500k house to $4k per month in rent?!?
because they want a smaller property in their advanced years ….it will have to be sold at some point .
@@bangladeshirealtor Thats where americans are different from europeans. We dont sell houses. We live in them our whole life and than our children life in them there whole life.
@@kingofrivia1248 lol check the data , what you speak of is incorrect . plenty of ppl are selling homes for record prices in europe at the highest volume ever . it’s no different than America . You may have more multi generational housing , but it doesn’t mean ppl don’t sell at some point , esp the elderly .
People call in to get a pat on the back for being so $ shrewd and Dave cant give em an 'attaboy' fast enough. Does Dave ever really pull someone out of financial trouble ? Every caller is fine.
Exactly. How dumb. I’d never pay 4000 for rent
Hate when people say waiting for prices to lower sounds so dumb. Renting isn’t the move pal.
Buy & Hold. Either way, with a paid off home, you can’t lose… there is flexibility in this situation.
We did exactly that except in addition to a smaller house also bought a condo on the beach. Emotional attachment to the old home is very strong, four years later I’m still having dreams and flashbacks. Money wise we got exactly same appreciation on a house and a condo combined as had we stayed in our home. The plus is that my husband’s health improved in a new climate, the minus - I miss our home to the point that I’m ready to build one more house in old area on available lot we are still holding. Tough decision for sure but its a great problem to have.
They are in an excellent place financially regardless of what they decide to do. If you can easily afford a 4k a month rent, you won at the money game. Just enjoy your retirement, and congrats!
I would only downsize if I could pay cash for the new home and pocket about 25% of the new home. No rent.
In addition factor in maintenance costs. Not immaterial.
Facts!
4K a month rent? That's nuts! (for most people)
yeah that's ridiculous before he knows it he wont have any more money from the house sell. I say purchase a smaller home.
Exactly they would have to take home more than 16k a month to comfortably afford that.
John identified an important first step and I like the simplicity with which Dave restated it.
Come to California and live in a tuff shed in someone’s backyard
The new American Dream !
benefits of downsizing is cheaper bills too yes yes esp if they are in a high taxed area
That's such a great discussion! It also shows how wealth allows you to create that future that you want, it brings you options.
This couple owns a 5000 sqft home. There is absolutely no reason to stay in it, whether they decide to go to an apartment or buy a smaller house.
House prices did NOT "snap back" in 18 months in 2008. It took 4-5 years before prices really started going back up to where they were at the peak.
Right? Those folks that bought in the expanding areas like Tucson, Phoenix, outside D.C. were stuck for 4-5 years to barely break even if lucky.
Yes I agree. We bought in 2011 for very inexpensive because it still hadn’t snapped back until closer to 2012.
Yeah, he says this all the time and he’s delusional.
He forgot about the housing mess in the 80’s
I live in coastal Florida and near me the home prices did not get back to pre 2008 levels until 2014.
Now in 2024, a home that was $250k in 2015 is $600k.
Dr. Delony nailed this one👌
This man is having a mid life crisis (nothing wrong with that). He wants to have fun and enjoy life. He’s worked hard for the things that he has. Now it’s time to let loose . I just hope his wife can keep up with his young spirit.
Why does he have to live in an apartment to have fun? What is it about living in a house that prevents people from enjoying life?
I hope she can keep up too cause he’s ready! 🏎
He’s forgotten that a house and yard are a buffer zone keeping other people and their noise away.
@@taylorsmith9629 maintence. It is hard to be that carefree person when you need to have a new sewer installed and the pool filter keeps plugging and the city or HOA just instituted a new rule about bushes and grass height. Then the windows need up-graded and the sump pump isn't working quite right but you can't get a new one until Aug and who needs it then?
This guy is a cultural icon.Most don’t know it until decades later.Including them.From a Bobby Fischer to a Frank shorter….they change millions of us just by being who they are.He has CERTAINLY altered my brain when it comes to how I exist with money.
well, I wouldn't rent again. I would purchase a condo or a smaller home. Renting is $4k a month on the area, and its money wasted you can just purchase a condo/home for less and its less hassle.
I agree, but the problem is that the smaller house or condo is going to cost pretty much the same as the house they are in and probably appreciate slower.
Sometimes condos can be really hard to sell.
@@Aggie4life77 in some places u can get houses for around 200k-300k and profit 200k
Asking your wife to move into a smaller house is going to go over as well as asking her to lose weight to fit into a smaller dress.
lol.....lol
Lol perfect!
Or like asking him to get his dumpy rear off the couch, put the can down, and start being a real man. 😉
@@FR-tb7xh how do you have the slightest clue of what a real man is?
Or telling him for the 100th time to please put the toilet seat down.
Keep the house and take out a 7-9 month lease (in a luxury spacious apartment) in the trendy area of your choice. See if the hustle and bustle of urban living is really what you want. It may be energizing.....or soul crushing. Give it a trial.
Yup, you could always move back in but once you sell your house, well, it’s pretty much gone at that point.
Living in a place that’s hopping with activity is different from going and doing things there several times a week. All the activity destroys the peace and quiet for residents. If you rent your house out, it will never be the same. Tenants aren’t going to care for it. Don’t you want grandchildren to come and stay?
Fast forward to 2024. Dave NAILED IT on the housing not going down. September fed meeting they just dropped rates, housing is going to go even higher.
It's hard to imagine home prices not going down quite a lot.
How many times in history have mortgage rates doubled in under 12 months?
Meet supply/demand. Price doesn't matter if you don't have a supply and the demand is still high. Prices are moving up and demand is hardly going away
@@Gibb591 how are people finding another $1k/month to buy the houses with rising prices in everything?
@@thedopplereffect00 People aren’t, investors are.
It's like Dave completely forgot that there was a pandemic, massive materials shortage and record low interest rates. I don't think they will crash, but correct back to pre pandemic numbers seems logical to me. Fuel and food prices are already cutting into budgets, thus less money to move up in house.
Someone mentioned investors, I feel that investors should be required to wait until at least 30 days until after a listing goes online. My wife used to work in a real estate office and her boss would buy properties to rent out, and she mentioned that her many times had to wait due to some rule/law
I just double and triple checked your timeline for 2008 real estate crash and full recovery took till 2017. In fact it didn't bottom out till 2012! BIG difference from your numbers!!!
Housing prices in Las Vegas took over 10 years to come back in many newer communities. I know this because I bought a home in 2006.
I think all the advice here is spot on I just wanted to mention that Las Vegas was an anomaly given that it was the biggest boom town in the country. Even homes in well established neighborhoods took 5+ years to get their value back.
I bought a foreclosure very early on after the crash. You’re correct, Vegas did not rebound back to baseline in 18 months. When Dave misses, boy he really whiffs.
Ramsey is notorious for dated information like this. How can he not know something so basic?
We felt it too in Pennsylvania. Bought in 2006, took 10 years to recover our house purchase price. Fortunately we still live in the same house and have now seen some appreciation.
My bro recently sold his home in LV.
$455k. Sold first day.
I think he made a big mistake
@@dragonjourney2012 because he thought house prices were gonna fall. I have my brothers old address. I’m pretty sure if I looked it up
It would be well over $500k now.
Now he is paying rent.
Dave, in 2019 houses were half the prices they are now... Houses are going to go down, but they aren't going to go way down! You are saying down as another crash where you can get a house for 40k.
It's whatever happens.
The key is to be prepared.
People with the cash and don't need to depend on selling their home will benefit no matter what.
There were people lining up to buy the beach home I wanted in 2008 after the housing crash. I slammed down $20k over the asking price and paid cash.
They are unlikely to go down.
100% sell now and buy now. Just be sure to find something that makes you say "heck yes!" and enjoy your new phase of life. :-)
"I'm just ready for a change." is code for something else. Does he want out from under the maintence of the existing home? A smaller yard, no yard? No room for kids to come stay when their Life goes flooey? Does he think he is missing something and is looking for whatever he missed while raising kids & keeping the nose to the grindstone? We hear that he loves the area with the coffeeshops and the restaurants, but does she? Or is she going along hoping this is a phase he will grow out of like he has others? Ready for a change makes me think he's looking for a place to make him happy, when we all know happiness is a state of mind.
Yeah he wants to be happy because hes probably spent his whole life making sure shes happy at his expense. Please forgive this man if he wants some happiness in his retirement.
The wife may want to keep the house, in case their children need to move back home
Or when grandkids stay over.
Right????
How about selling the house so the kids don’t even think about moving back home🤣🤣🤣
John is coming into his own. Actually changed Dave’s mind lol didn’t know that was possible
We are not downsizing! We retired last year. It’s paid off! We are debt free! We going to downsize within our home meaning declutter so it easier to clean etc.
A smaller house 1/2 the size of our current house would cost us like $400k and that more than we paid for our current house 12 yrs ago so no!!!
Do not rent your home. 500k in gains will be taxed if you rent it long term AND eventually do sell. Sell or stay.
For married couple up to 500k gain is tax exempt for the primary residence
My husband wants to downsize. I don’t want smaller, and we’re using 90% of our 2000sf house. I’d go to a one level home that’s a similar size, but he is only thinking cost. I appreciate the discussion guidelines.
"I'm just ready for a change" sounds like he's excited for the next 'new' thing in his life rather than affording something or making money.
This is definitely hard thing to get your wife to want to downsize. If you upgrade a woman’s life it’s going to be hard to bring it down.
Hypergamy 101.
@@caliopeknows844
Your case is rare.
Most of the times, it's the women who refuses to downgrade their life standards.
Indeed.
He created this over 20 years ago wanting a 5000sq.ft. house to raise 2-3 kids.
It's not just that. The sentimental value for her is probably stronger than just living in a smaller space. It's her memories of raising her children etc.
@@katinas1100 Women like to make house a home.
From what I understand a new house must be purchased within six months after selling in order for the funds to not be taxed. Maybe she likes her house and doesn’t want to move. Why is he so eager to throw away a good family sized asset that will only appreciate in value? IMO Those hustling and bustling places are nice to visit but I certainly wouldn’t want to live there.
I want this problem in the future 🤗
Older people staying in their single family homes longer while the country underbuilds isn't a good combo for the next generation of home buyers
Its always been like that. No different now.
Nothing new.
Would you prefer they hurry up and die so you can buy their house?
It’s their house. They can keep it if they want. The trend of the future is to have caregivers in, so people will need their houses. Condos are too cramped for wheelchairs and walkers, and caregivers need a bedroom and bathroom.
@@genxx2724 I don't think I or anyone would suggest they can't keep it. I'm just pointing out the reality of the housing shortage.
Rationalizing with a women about a house good luck. Life and free will ended for you when you signed the marriage certificate. Those should come with black box warnings. 👰=✂️✂️⚾⚾.
"I'm the tiebreaker" says Uncle Dave 🤣
Sounds like this dudes going to leave his wife
It sounds like this caller is a well-rounded guy who has a healthy detachment from his house.
It's just a building and it's too big for them, so he wants to move. John and Dave want to turn it into this psychological/emotional thing about "grieving the home" and "picturing your future." Give me a break.
Why not buy a condo & sell the house. Then buy a smaller house and rent the condo.
Why not answer the question about letting out the house and moving? That was a good question.
Las Vegas learned nothing from 2008 and is overbuilding again. This time I'll be on the sidelines with 💰
a senior community would be good, less maintenance and they have things to do in the community
Why doesn't anyone take something like the Caribbean tropical island option in this situation? Why do people have to always be near "family"?
Jeremiah Dicharry, to a lot of people, family is important, although it may not be to you.
They could be foster parents, that way their square footage would be used to the max!
One thing to remember on your current house is it is just a house. Home is where you currently live.
Our kids are grown, there's only two of us, and we live in our big house. So what? The house is paid off, we can have a home theater room, we can remodel, whatever. And we don't have to move.
You cannot convince your wife. They are from different planet.
Don’t downsize if you want kids, their spouses and grand kids to all come to visit you and host family celebrations/holidays.
At the 30 second mark Dave says that Las Vegas snapped back in 18 months?
What? Those who bought in the top of the bubble did not see their house appraised at that value for 12-13-14 years. Same in Arizona. It take no effort to see these value charts.
Is he really saying that those who paid 500k (for a house that had been 200k just a few years before), then saw that house dip to 22oK,.......then saw it "snap back" to 500 in 18 months? Why doesnt anyone challenge him on this gross error!!??
It's is just not true!
No body would have been turning in their keys to the bank if that were true. Anyone can wait out 18 months. It was more like 12 years!!
Sell the 5000 sq ft home and move into a 1400 sq ft home. You'll be fine.
He didn't say how old he was if he's a young guy or an older guy. Older people yes I can understand they want to sell the house and get something to rent to avoid maintenance, having to remodel the house to fit growing older and rising taxes
He’s been married 30 years.
Renting the house and renting the condo just to see what it will be like is the answer. This guy doesn’t need the Ramsey advice.
Does anyone else get the feeling this guy is planning to leave his wife? I have friends that the husband talked them into moving and within a year or two the husband left them. This man sounds more unhappy with his life than with his house!
But you can get evicted ! Houses track inflation usually , always “up”.
he is insane $4,000/month
He's got his mind made up.
Funny how the only downturns happened within the last 20 years. You see, this is the end of a very short empire.
Wrong. The great depression was in 1932 and there have been many other downturns throughout the entire history of the country, just in different varying levels of severity. Like all countries.
Not true. It went down 25% in 1990 in CA .
Idk paying 4k in rent sounds stupid for me.
$4000 a month for a rental? Take $4000 in cash and throw it in your BBQ and watch what happens that money is gone. Its the same concept when you rent. When you rent your at the mercy of the landlord telling you what you can and can't do and what you're monthly rent is when you live in a paid for your its yours
Marry a second wife and you have convinced your first wife that downsizing is no longer needed...:)
Yeah, thats a cheap option...
not goes down is national ... locals can go down based on remote and employer
can you rent out the extra space currently not using?
Take it from me. Its a pain.
Its pain to stay in a huge house as well. Nightmare maintenance
Good luck
There’s no convincing. Just do it , we all have free will
Another caller in great $ financial shape looking for a pat on the back.
You don’t convince your wife to do anything. You tell her you’re downsizing, downsize, then explain why you downsized. Tf?
Very wrong about THE housing market…
Rent in the area they want to live and keep the home and rent that out.
I think that he thinks that if they do that they'll net $496k
Him: Kids are gone, let's sell asap. Her: Kids are gone, I'm in my feels and memories.
Typical men are physical, women are emotional. He needs to give her time to grieve the loss of her kids that she has nurtured and raised in that home. Slow down and take time to nurture and support your wife through this phase of her life instead of pushing her into what you want.
Honey-do projects on a 5k square foot home is a nightmare for most men. And she should have grand kids that she can be emotionally occupied with.
@@FortuneSeek3rz He could hire all of the honey-do projects done for a fraction of the cost of rent money he'd be paying.
Downsize. Won’t regret it.
Housing prices will definitely go down. Disagree with Dave on that front
5000sqft 🤣😂🤣😂🤣 first world problems. We live in the land of plenty and to most it is still not enough. 🤦🏻♂️
What I got out of this call was - the wife is a status seeker and can’t fathom downsizing and the husband is looking to get extra cash for a sports car and airplane because he’s going through a midlife crisis. Mic 🎤 drop
It cost alot of time and energy along with money to move and set up a home. Having a bigger home to care for and live in includes good physical activity. Men who have not put their time and energy into creating a home might not get it. What are the ages of this couple?
Plan to have enough room to have grandkids visit and play.
Oh yeah, spend another $100k on a house for kids visiting once a month. Take them outdoors to explore.
@@thedopplereffect00 well, it depends on the family. My parents had all twelve grandkids over every week for dinner once a week and let all their kids and spouses have a weekly free evening. It is great fun for the grandparents and the grandkids if you can handle it.
Took 10 years for property values in the Bay Area to bounce back after 2008 - 2009 mortgage crisis.
Asking a woman to downsize??? LOL Good luck with THAT.
They need to stay where they are. It’s a jungle out there.
Gay
Get rid of the wife
His wife is right un this case
My family has ecpanded i would need to upsize we were 4 now 11!!
Move into a smaller place you will insure you will always be an empty-nester. We will always be looking to move up in house. Always.
36th, 21 May 2022
Why would any man need permission from his wife to do anything? If your woman doesn't like your leadership she shouldn't even be in the marriage.
Marriage is not a one way street, it's a two way street, no one person should make a decision, u didn't marry yourself u married your partner, so therefore it called PARTNERSHIP OK .
@@bnepaul9268 👍
A man having leadership in the home doesn't mean that he never takes his wife's feelings and ideas into consideration. If you feel that you are the only important person in a marriage, and that your wife should have no say in important decisions, then (sorry to say) something is very wrong with your attitude. A husband and wife are to make important life decisions together.
Wow, that’s the most ridiculous thing I’ve ever heard. So you’re basically saying that men are smart and know what they’re doing and women don’t get to have an opinion. You’re a special kind of stupid.
Marriage is a partnership and you’re significant other can help you make better decisions when you work as a team.
Bep4 you also sound like the type of man who would potentially be abusive (to be honest) with the type of attitude you have of "I'm the only important one around here so my wife better do as I say or else!"
Happy wife, happy life.
@@caliopeknows844 Are u a happy one? :)
honestly just don’t get married
🤮🤮🤮
I'll never forget that advice from someone...then he got divorced years later. Yes you want your wife happy but within reason...if it's going to bankrupt you that's not an option.