Episode
2023 Real Estate Trends: Should You Buy a House Right Now? (Hour 1)
43:40
Published: Fri Mar 10 2023
Description
George Kamel & Rachel Cruze answer your questions and discuss: "I was laid off right after buying a house", "Can I have fun and still save money?" High Interest rates and 2023 real estate trends, from the blog: 2023 Real Estate Trends: What You Need to Know, "What should I do with a cashed out pension?" Support Our Sponsor: Zander Insurance Churchill Mortgage NetSuite Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Take our FREE 3 minute assessment: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy
Chapters
The hosts of the Ramsey Show, George Campbell and Rachel Cruz, discuss how to manage your finances after being laid off from your full-time job shortly after buying a home.
00:00 - 02:02 (02:02)
Summary
The hosts of the Ramsey Show, George Campbell and Rachel Cruz, discuss how to manage your finances after being laid off from your full-time job shortly after buying a home.
Episode2023 Real Estate Trends: Should You Buy a House Right Now? (Hour 1)
PodcastThe Ramsey Show
The speaker is having trouble making their mortgage payments and the mortgage company won't accept a payment.
02:02 - 08:39 (06:36)
Summary
The speaker is having trouble making their mortgage payments and the mortgage company won't accept a payment. It's important to prioritize mortgage payments to avoid falling further behind.
Episode2023 Real Estate Trends: Should You Buy a House Right Now? (Hour 1)
PodcastThe Ramsey Show
The caller is currently working three jobs to make extra cash to spend and save while completing Baby Step 3.
08:39 - 13:30 (04:50)
Summary
The caller is currently working three jobs to make extra cash to spend and save while completing Baby Step 3. Dave suggests considering the intentionality of money management after Baby Step 3 and focusing on saving for larger expenses like tuition instead of spending money on non-essential items.
Episode2023 Real Estate Trends: Should You Buy a House Right Now? (Hour 1)
PodcastThe Ramsey Show
The speaker mentions that doing the work on the front end by choosing a career path that you love is empowering because you don't have to worry about student loan debt when you are making a steady income.
13:30 - 19:51 (06:21)
Summary
The speaker mentions that doing the work on the front end by choosing a career path that you love is empowering because you don't have to worry about student loan debt when you are making a steady income.
Episode2023 Real Estate Trends: Should You Buy a House Right Now? (Hour 1)
PodcastThe Ramsey Show
When thinking about buying a home, it's important to consider the impact that interest rates can have on your financial situation.
19:51 - 23:53 (04:02)
Summary
When thinking about buying a home, it's important to consider the impact that interest rates can have on your financial situation. Taking into account the amount of your income that goes towards your mortgage payment can help you put more money towards savings and investments.
Episode2023 Real Estate Trends: Should You Buy a House Right Now? (Hour 1)
PodcastThe Ramsey Show
Make sure you have a fully funded emergency fund and that the mortgage payment doesn't eat up more than 25% of your monthly take-home pay on a 15-year fixed-rate mortgage in order to have financial freedom for other things like retirement and giving.
23:53 - 29:43 (05:50)
Summary
Make sure you have a fully funded emergency fund and that the mortgage payment doesn't eat up more than 25% of your monthly take-home pay on a 15-year fixed-rate mortgage in order to have financial freedom for other things like retirement and giving. Also, take advantage of negotiating the price of a home when interest rates are higher.
Episode2023 Real Estate Trends: Should You Buy a House Right Now? (Hour 1)
PodcastThe Ramsey Show
Join the Money and Marriage Getaway in Nashville from October 19th through the 21st to grow in all areas of your marriage, including finance.
29:43 - 33:33 (03:49)
Summary
Join the Money and Marriage Getaway in Nashville from October 19th through the 21st to grow in all areas of your marriage, including finance. Retirement plans are discussed.
Episode2023 Real Estate Trends: Should You Buy a House Right Now? (Hour 1)
PodcastThe Ramsey Show
The speaker suggests figuring out the lump sum, discussing the tax situation, and potentially rolling over to a Roth and 401k.
33:33 - 38:17 (04:43)
Summary
The speaker suggests figuring out the lump sum, discussing the tax situation, and potentially rolling over to a Roth and 401k. They also discuss the importance of understanding penalties and taxes before making decisions about retirement savings. A brief mention of SmartVestor Pro is made, but no advertisement is present.
Episode2023 Real Estate Trends: Should You Buy a House Right Now? (Hour 1)
PodcastThe Ramsey Show
The hosts of a podcast chat about the importance of discussing financial matters with your partner, sharing tips and articles to help follow their method.
38:17 - 39:40 (01:23)
Summary
The hosts of a podcast chat about the importance of discussing financial matters with your partner, sharing tips and articles to help follow their method.