Is Dave Ramsey Setting You Up To be A Renter FOREVER?

Описание: For Decades Dave Ramsey has advised his followers to never buy a home that is more then 25% of your take home pay and to only do a 15 year fixed. Dave Ramsey started giving financial advice in 1992 when the cost of a home was $147,200 and the average median household income was $59,210. In 2024 as we end the year the average housing price is $513,000 and the average median income is $74,580. In this video I do the math and ask is Dave Ramsey an elitist or has he and his team not sat down and down the math and are they just "selling" the same idea that initially made them rich even though in today's day and age that mantra only will work for the top 12%
Sources:
Average Home prices historically and current: https://fred.stlouisfed.org/series/ASPUS
Average Median income: https://fred.stlouisfed.org/series/ME...
Stats mentioned in video: https://www.statista.com/statistics/2...

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Timestamps:
0:00 His Ideal Mortgage
0:45 How Realistic is His Loan Advice
1:30 His Website is Out Of Date
2:30 The $400k House Example
3:15 225k of Income For a $400k Loan
5:00 Who Makes Over $200k
6:25 It Is Unrealistic Advice
8:15 Discouraging Homeownership
10:00 Restrictive Guidelines
10:30 My Advice