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Kristina Ellis

👤 Speaker
1058 total appearances
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Appearances Over Time

Podcast Appearances

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

If you weren't renting from family, what's the average rent in the area for a similar house?

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

Not in a rough area.

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

So then you mentioned debt and that the money that you had from the home sale could pay off that debt.

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

How much debt is that?

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

Yes, that's everything.

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

And what was the equity from the sale of the home?

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

Okay.

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

Yes.

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

So who are you renting this house from?

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

Which family member?

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

Okay.

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

And he's had this house for a while.

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

Has he had a lot of problems with tenants in that area?

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

Uh, it's a three 25.

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

Well, Teresa, you said that it would take 30 to 35% of your take home pay.

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

A dream house is not a house that you can't afford.

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

And at 35% of your take home pay, that that's not a dream.

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

That's going to be real stressful.

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

And I think you know it.

The Ramsey Show
If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

Well, and when you're living in the ghetto, also seeing any house that doesn't have people shooting guns nearby.