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George Kamel

πŸ‘€ Speaker
See mentions of this person in podcasts
63410 total appearances

Appearances Over Time

Podcast Appearances

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

Have you crunched the numbers on a 15-year fixed rate to see what that payment would end up being?

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

I mean, obviously, it's appreciated, but I think that's because of the dirt, not because of the house.

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

So I don't want you to be misled thinking that, well, this house is going to be worth $500,000.

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

It may one day, but that's going to be largely due to the dirt, and that house will be scrapped, and they'll put something else on there.

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

We'd be lying if we were like it absolutely will do this or this.

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

I would just personally – if you're not ready to buy a traditional single-family home, then I would just pause and keep renting and wait to get that $400,000 house a year or two from now.

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

What do you guys make?

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

About $80,000.

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

Okay, I'm just trying to think, how long would it take you guys to save up another $50,000 or $70,000?

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

Would that be two, three years?

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

Yeah, but rent is temporary.

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

And this home is a long term decision.

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

So that's the piece I'm thinking through is 10 years from now, are you going to be really glad you bought this thing?

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

Or are you going to go, man, it probably wasn't the smartest decision at the time, we were kind of strong armed into it with this ultimatum of either go rent for 1800 or buy it.

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

And so that's the part that I don't like doing this from a place of sort of

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

urgency i have to i gotta keep my boss happy i've gotta keep my yeah yeah but it sounds like you guys what if we you've made the decision you're just like was this uh should we be go continue down this path yeah yeah what if you what what if we bought it thinking we would sell it in five to seven years

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

That's what you're hoping for in that scenario.

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

And that's just there's a gamble there.

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

Fashion has rules.

The Ramsey Show
Stop Looking for Shortcuts and Make Progress with Your Money

Yeah.