Quote:
Originally Posted by DaFace
He's backed off on it a bit, but it's still just such a ludicrous position to take that people should avoid all debt at all costs. Granted, I kind of got lucky in buying to a housing market that has been red hot ever since I bought our place, but I calculated it up the other day, and the value of my house has appreciated more than the sum total of all of the money I have put into it (principal, interest, and repairs/upgrades/maintenance). It's like I've literally been able to live rent free in my own house for a decade.
To put it another way, if I'd rented all of this time, I still probably wouldn't have saved enough to pay cash for my place even in 2009 values, and the price has nearly tripled since then.
My net worth would literally be $300k+ lower right now if I'd followed R8ers advice.
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Right on man. I was too chicken shit. I put 10% down.
I have come to terms with the idea that from a practical perspective Ramsey’s stuff is probably good for those who would be irresponsible or otherwise wouldn’t manage personal expenses at all. From a technical perspective it’s inefficient at best. Garbage at worst.
As far as the zealots, I manage to tune them out. Most of them shut up when I tell them I have an MBA and make capital and debt decisions based on perspective returns.
Of all the shit that makes me ****ing crazy, Ramsey should be on it. But somehow it doesn’t ping the sonar.