Dave Ramsey explains why homeownership may still be within reach.
Transcript:
REBECCA MEZISTRANO: And would you say the American dream of homeownership is dead or is it just delayed?
DAVE RAMSEY: Oh, it’s just delayed. You know, what you got to remember is in a given moment, your life is a snapshot, but your snapshot is not your it’s not a predictor for your whole life. Life is a film strip. It moves on to the next frame, the next frame and the next frame. And so, you know, a year from now is going to be different. It could be worse, it could be better, but it’s definitely going to be different 100% of the time. And that’s been true of every generation I’ve been doing a radio show and a podcast as long as, you know, for 35 years now teaching people about money. And I’ve watched these markets come and go. I’ve watched people panic about real estate. I’ll never own a home in 2008. Well, guess what, they’ve all got homes now. And I watched them freak out in 2000, with the towers coming down and the terrorist attacks on New York. And we’re never going to own a home. Well, guess what? They all own homes now. And so, you know, right now, at this moment, someone’s income may have not kept up in this particular snapshot with the price increases, but I’m real bullish. I think that Gen Z is going to have plenty of housing. They’re going to do great. Gen Z is a great generation and the millennials are great. We got a bunch of them working on our team and they’re going to be just fine.
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