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@UziCryptoo Dave's advice saves people who can't trust themselves with credit. This caller isn't that person. Treating everyone like they're one swipe away from disaster is bad financial advice dressed up as wisdom.

CALLER: I put my rent on a credit card. Landlord charges 1% fee. I get 2% cash back. I profit 1% every month. DAVE RAMSEY: You are paying your rent on a credit card?! CALLER: I net positive every month on the transaction. DAVE RAMSEY: What if you can’t pay the balance?! CALLER: I have 4 months of expenses saved. I always pay it. DAVE RAMSEY: This is how people end up homeless!! In reality, turning a fixed expense into a 1% monthly profit with zero behavior change is just efficiency. Every dollar matters.

@MariaDavidson Spending up 48%, results down across the board. That's not a funding problem, that's an accountability problem. More money into broken systems just funds the dysfunction at scale.

Over the last decade, California's state spending grew 48%, inflation adjusted. Population grew 0.4%. Only 25% of 8th graders hit the math proficiency level. Homelessness increased ~20% since 2019 despite us spending $37bn. We can do better!

@CaptMarkKelly Corporate landlords owning 3% of single family homes isn't the crisis. Zoning laws blocking new construction for decades is. Fix that first, then talk about who's buying.

It’s becoming far too common for corporate landlords to buy up single-family homes by the thousands, pricing out hardworking people from owning a home. We’ve got to crack down on these predatory practices and build more housing.

@financedystop Nashville following Austin's path is the real story here. Austin dropped 25% in 3 years. When cash buyers from California start selling all at once, the demand that drove prices up leaves with them.

During Covid, states like Tennessee, Florida, and Texas saw an insane surge in home buying. Demand was through the roof, and a lot of homes were bought with cash. Now you’re starting to see more homes hit the market, even ones with great mortgage rates, while prices begin to come down.

@KobeissiLetter Lower income wages up 1%, inflation at 3.3%. That's a pay cut in real terms. Higher earners up 5.6%. Widest gap since 2015. If you don't own assets right now, the math is working against you.

The US wage growth gap is historically wide: After-tax wages for higher-income households rose +5.6% YoY in March on a 3-month moving average basis, the highest in at least 3 years. At the same time, lower-income earners saw their wages grow just+1.0% YoY, near the lowest in at least 3 years. This marks the widest gap between the highest and lowest earners since data began in 2015. By comparison, middle-income wages grew +2.0% YoY last month, near the lowest since mid-2024. Meanwhile, US CPI inflation jumped +3.3% YoY in March, meaning lower and middle-income households are seeing their real wages decline. In other words, inflation is eating all of the wage gains for the bottom two-thirds of American households. Asset owners are the only winners.

@theficouple Paid off a $100K home, sitting on $500K equity, why would they trade that for a $450K purchase at 6.5%? The math doesn't work. Boomers aren't being stubborn, they're being rational.

Baby boomers aren't selling their homes & why would they? They paid $100,000 for a home 25+ years ago, owe $0 & have $500k+ of equity. "Downsizing" means they'd need to buy something for $450k + take on a 6.5% loan. Many won't move & this will keep inventory low.

@financedystop New Jersey buyers paid $370K to $400K over asking on three homes. That's not a hot market, that's a supply problem. When inventory is this thin, the listing price is just the starting bid.

The housing market in parts of America is completely insane. This agent in New Jersey shows three homes that sold way over asking: Home 1: listed at $959,000, sold for $1,330,000 Home 2: listed at $1,099,000, sold for $1,402,000 Home 3: listed at $1,099,000, sold for $1,500,000

@sophielouisecc The argument sounds clean until you price in housing benefit. Most of that money goes straight to landlords, not recipients. Taxing poverty level support without fixing where the money actually flows isn't fairness, it's optics.

If you earn over £12.5k - then you pay tax on anything you earn over that If your pension is over £12.5k then you pay tax on anything you earn over that. So - if you get benefits in total value of more than 12.5k (inc housing benefit etc) then you should have to pay tax. That is fairness. All political parties should be looking at this. We cannot continue to have a two tier system between those who do contribute and those that don’t - especially a system that benefits those who don’t

@UziCryptoo Banks won't give a $1M mortgage on $100K income. But the federal government will co-sign $250K in student debt for a $40K career. One system has accountability built in. The other doesn't. That's the whole problem.

You can’t get a $1 million mortgage if you make $100K/year. You can’t get a $75K car loan if you make $35K/year. The fact that you can get $250K in student loans for a college degree where you’re expected to earn $40K/year is unacceptable and a complete failure of US society. We have 18 year old kids making financial decisions that all but guarantee a lifetime of economic insecurity. These kids do not have the capacity to understand the implications of the debt they are taking on. The corrupt university system has successfully convinced them going to college is the “smart thing to do” and that it will all work out. These colleges should have to take the financial hit when they load up 18 years olds with hundreds of thousands of dollars in debt that basic math would tell you will never be repaid. The federal government backstopping all these student loans does nothing but enable colleges to jack up their prices every year with zero accountability. Shameful.

@theficouple That 3.75% rate is basically an anchor now. Selling means giving it up forever. This is why transaction volume is frozen. It's not about prices, it's about what moving actually costs you monthly.

We know someone who paid $390k for a home in 2020. They have a 30 year, 3.75% mortgage & home is now worth ~$550,000. They're outgrowing their home & need more space but buying a new home would 2-3x their housing costs. They feel trapped & millions are in this situation.

@WallStreetMav This is the lock-in trap millions of homeowners are sitting in right now. Move and your payment jumps 40%. Wait and prices likely run again. There's no clean exit, just different tradeoffs.

The real estate market is broken with mortgage rates above 6%. I was looking at houses and moving ... but when you do the math, it is crazy to give up my 3.9% mortgage and move to another area and do a 6.3% mortgage. But then if I wait until rates are back near 4%, house prices will likely skyrocket with cheaper money. Tough decision ...

@KobeissiLetter Own assets or work for people who do. That's basically the whole game since 1976. The bottom 50% had more debt than assets for nearly 20 years. Stimulus checks shouldn't be the turning point.

Wealth inequality in the US has never been wider: The real wealth of the top 0.001% of US households has grown +3,500% since 1976. At the same time, inflation-adjusted wealth of the top 0.01% and 0.1% has surged +2,200% and +1,200%, respectively. By comparison, the average household has seen just a +200% increase. As a result, there are now ~430,000 households worth $30 million or more, with ~74,000 worth over $100 million. Meanwhile, ~72% of wealth for the top 0.1% is concentrated in corporate equities, mutual funds, and private businesses. To put this into perspective, the bottom 50% of US households had more debt than assets for nearly 2 decades, with their average wealth turning positive after the 2020 pandemic, following stimulus checks and growing home values. Asset owners are the only winners.

@SandyofSuffolk £2,100 lost and nothing to show for it. That's not bad luck, that's a broken system that puts all the financial risk on the seller with zero protection. It needs serious reform.

We've spent £2,100 already because our buyer pulled out yesterday -searches, solicitors' costs, home buyer's report etc. Plus 4 nights accommodation up north viewing houses, and the cost of petrol. And this is the second buyer we've had withdraw. The system must change.

@Aaronbennett Saved everything, spent nothing, left it all behind. The hardest part of that story isn't the sacrifice. It's that he never let himself live the life he was saving for.

My uncle saved $900,000 for retirement. Lived on nothing for 40 years to do it. Brown bag lunches. No vacations. Same car for 15 years. Clipped coupons until the very end. Died with $900,000 in the bank. His kids split it. Spent it in 12 months. He saved 30 years of living for people who spent it in a year without thinking about him while they did.

@GrantCardone Florida and Texas are winning on income tax. But Texas property tax rates average 1.6%, higher than California's 0.7%. The migration story is real. The details are messier than the headline.

Your property is not safe in blue states! Radical Liberal politicians will continue to increase taxes on those with property. Those with property will continue to move their families, business; homes & money to avoid the tax. Losers: Cali, NY, Mass, Illinois. Winners: Florida, Texas, Tennessee Az

@TonyWard867811 The real story isn't prices going up. It's that owning anything, a house, land, assets, protected you. Not owning anything left you behind. Inflation doesn't hit everyone equally. It never did.

The pound has lost 69% of its purchasing power since 2000. A loaf of bread that cost 50p now costs £1.40. A pint that cost £2 now costs £6. A house that cost £80,000 now costs £280,000. Your wages did not keep up. Nothing you did caused this. They printed. You paid. And they are about to do it again. You and your children will work harder for less forever to pay back decades of government incompetence.

@theficouple Most people who missed it were either too young, didn't have the down payment, or were told to wait by the same experts now calling it obvious. Hindsight is a clean story. 2020 wasn't.

This was a once in a lifetime home buying opportunity. …did you miss it?

@texasrunnerDFW The $750K to $950K range in North Texas is genuinely stuck. Too expensive for first timers, too cheap for move up buyers who already locked in sub 3% rates. Classic middle market squeeze.

There’s a glut of homes for sale in North Texas in the 750k-950k range The buyers just aren’t there. Most people wealthy enough to afford these already own homes and are either staying put or are upgrading to 1m+ properties Entry level buyers are typically looking for under 650k This range is the no-man’s land of the housing market right now

Before August 2024, buyer’s agent compensation was baked into every deal. The NAR settlement changed that. It’s now negotiable. On a $400K home, that’s ~$10K–$12K (2.5–3%). Most buyers don’t know they can question it. Most agents won’t bring it up first. That gap? It’s where the money goes.

@Nithya_Shrii Rent keeps rising, wages aren't keeping up, and a 30 year mortgage at 7% on a median home now costs $2,800 a month. The math stopped working for a lot of people and that's not a mindset problem, it's a structural one.

What's the point? Can't own a home, can't afford to start a family, can't afford vacations or nice things, just pay rent and go to work 50 hours a week.