Dave Ramsey debunks key home ownership myth

Dave Ramsey explains why homeownership may still be within reach.

Transcript

00:00And would you say the American dream of home ownership is dead or is it just delayed?

00:05Oh, it's just delayed. You know, what you got to remember is in a given moment, your life is a

00:10snapshot, but your snapshot is not your, it's not a predictor for your whole life. Life is a film

00:16strip. It moves on to the next frame, the next frame, the next frame. And so, you know, a year

00:20from now is going to be different. It could be worse, could be better, but it's definitely going

00:23to be different a hundred percent of the time. And that's been true of every generation. I've

00:28been doing a radio show and a podcast as long as, you know, for 35 years now teaching people about

00:34money. And I've watched these markets come and go. I've watched people panic about real estate.

00:39I'll never own a home in 2008. Well, guess what? They've all got homes now. And I watched them freak

00:45out in 2000 with the towers coming down and the terrorist attacks on New York, and we're never

00:50going to own a home. Well, guess what? They all own homes now. And so, you know, right now at this

00:56moment, someone's income may have not kept up in this particular snapshot with the price

01:01increases, but I'm real bullish. I think that Gen Z is going to have plenty of housing.

01:06They're going to do great. Gen Z is a great generation and the millennials are great. We

01:11got a bunch of them working on our team and they're going to be just fine.