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Podcast: The Loan Officer Podcast
Episode: Episode 407: The Missing Math Behind Ramsey's Money Rules on Housing
Description: D.O. takes a thoughtful look at the math and assumptions behind some of Dave Ramsey's most well-known rules of thumb around buying a house. While Ramsey has undoubtedly helped millions gain control of their finances, parts of his housing guidance rely on now-outdated economic factors that many listeners may not be aware of.
By breaking down the numbers in detail, our goal is to start a reasonable debate on how Ramsey's widely adopted recommendations hold up in our ever-changing market. We discuss how everything from home prices to interest rates challenge rules like the 25% down payment...