Our House Payment Is 50% Of Our Income! (We Can't Breathe!)
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- Опубликовано: 6 апр 2023
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If I’m spending 10 bands on a dog it better be solving mysteries like Scooby Doo 😂
🤣🤣🤣
😂😂😂
🤣🤣🤣🤣🤣🤣🤣
😂😂
@@tawandaw.7816 You mad cute, u got a man? 👀
This is why I LOVE My $250K house I paid cash for. Allll my friends talked down on me for this house and wanted me to get a new $500K house close to them. No Thank You! Waking up on the first every month and NOT having to pay rent or a mortgage is priceless.
What a concept. Buying something that you can afford with cash you actually have. How old fashioned.
@@davidbrayshaw3529 Before you get on your high horse house prices everywhere are insane and only ever going to go up. People will always pay what they can as it is a basic human need
@@anthonyfaucy2761 If prices are insane, than don't buy a house
@@anthonyfaucy2761 Buying a house you can't afford is not a basic need.
Amen! I'm mortgage free also. It's wonderful. I almost cried the first month I didn't have to make a mortgage payment.
They could not afford the house they purchased BEFORE she lost her job.
You’re right, but unfortunately this is today’s America. Housing and cars cost a fortune.
Yep.. I agreed too. If she has a job, things will be better for them. But she needs to find a new job quick
@@ms4687not 5k a month. Maybe in certain areas thats normal but not where I live
normal in Greater Boston…$500-$600k is a starter house
@@jeffreylynch7155 Except they bought a $750k house that is now likely selling for $850k. They bought more than a starter home.
Problem is alot of people are buying homes they can't afford and it's helping to drive up prices on housing.
No Tristan, corporations are buying up homes en masse and turning them into rentals.
Very soon you will own nothing and be happy!
That's fine. Let the adults make adult decisions. If they lose their butts, everyone that spent wisely during this time can get a great deal in the future. It's happened before. It will happen again.
This is so true!
I don't mind. Just don't become one of them.
Be patient and wait for opportunity.
That's how I bought a $560k short sale beach condo for $240k cash back in 2008 after housing crash.
People make financial mistakes and while others pick up the pieces after they fail.
we’re stuck between a rock and hard place, at some point we just have to live and make peace with the insane financial times we were born into
750k home on a 150k income is not a good financial decision
Only way it makes sense is if they put down like $300k+....5% lol
Why not?
I bought an almost $2M house on a $300k income at the time and haven't lost one night of sleep over it.
Imagine the property taxes on a 750k home...brutal
Their income was $200k when they bought it (still way too much)
I'm just wondering who was the sketchy lender that approved for this mortgage?
$5200/mo for a mortgage is insane
Depends on how much you make. Everything comes down to percentages.
@@darex0827 exactly. 5200 is wild but then again it was about 1/3 of their takehome pay which isn't bad at all
@@jrey1 But it’s on a 30 year not a 15. It’s insane.
It’s all relative to your income. Although 5,200 is still too much even if they’re making 200k imo
Too much on their income for 30 years
Income has decreased, Upside down on the car, Mortgage is 52% of take-home pay, No Emergency savings, and yet they spent 10k on their pet! This is insanity!
It's the terrible habits
People never learn their bad habits.
She might as well start selling it
Well it's like spending 10k on your child. You would take on any debt to do thatm
@Marcey your right a dog is better
Everyone shocked about their $5,200 mortgage, Im more shocked they were previously renting for over 8k 😂
I know right!😬😯
He was paying 3000 and she was paying 5000 whilst still cray cray to me.
They were living la vida loca
@@anishnewton100So the only reason the $5,200 mortgage now seems much to them is because she lost her job.
However if she was earning 100k, her rent should have been 2k - 3 maximum per month: she had always been paying to much on rent.
It actually makes the 5k rent not seems so much to me again.😂
Many live above their means. 🤔
120k In student debt, only makes 150k a year, and decide to buy a 750k house. Yikes! They really weren’t thinking at all. those house finishes must have been to die for!
Just to clarify, they make $150k now, after the $100k job loss/pay cut. So, $250k when they bought the house. Still a lot but 3x is not as crazy as 5x income.
@@Run4Ever77 $50k paycut from $100k, so $200k income not $250k
I wish Dave was on this call because he would be yelling.
Buying houses while drinking tequila is ill-advised!! 😮
@@Run4Ever77 That's the point. People buy a house because of a large income thinking that they will always make that money. That's the 1st mistake. Don't ever think your income will always be the same or get better. Loss of a job or a huge income cut is not uncommon. Too many people think that they are immune to bad things happening and this couple is proof of that.
10k for a vet bill? That dog better get a job and chip in on the bills. $5200 a month on a mortgage, upside down on a car, paying a financial advisor, etc. This is wild!
RIGHT!!!
This what happens when people live to impress others
@@lingra1438 exactly!
That dog would've been cremated already. Sorry, but I'm not spending that much on a dog, and that comes from a person with 6 dogs.
@@6Midnite6Raven6 facts! 💯
I'm a dog lover. My wife volunteers at a rescue. $10k on one dog, in an emergency, is insane. It would be different if they had cash. This is a classic case of, just because I can doesn't mean I should. It's difficult to use your reasoning powers when you're highly emotional.
You're exactly right you would need to have the money to pay for the bill.. otherwise it could be a deal breaker..
Fix the dog. Money is not everything
@greg_rrt_001 You're absolutely right. Every decision we humans make is affected by five life factors. Financial, physical, emotional, spiritual, & mental. Your "logic" says my pinky toe hurts, so cut off my leg below the knee. If you don't have the money in cash. You can't afford it. Animals aren't people. Most of the time, they're better. Would you make your daughter suffer to fix a dog? Nope we don't have any food this quarter. We need to fix Rover. Nope we can't go to work. I don't have any fuel in the car. We need to turn the heat and water off to fix the dog. Burn down your house so you don't have to pay taxes. Shall I keep going?
Exactly it would’ve been my dogs time to go 🙏
Well yeah but they should definitely not do it again.
My wife and I make $360k per year and our home cost $320k at 2.9% interest. So our mortgage is $1100/month after making a down payment. My wife was not comfortable buying anything more expensive than that until we save up more money and can pay cash for the next one, and then the next one. Young people think they need a mansion before they have put the time into their career to build up a little net worth. That's how they get in trouble. (like the caller)
Unless your down payment was $100K, there's no way a $320K home is $1,100 a month. A $300K home is about $1,600 - $1,800 a month for 30 years.
@@blackworldtraveler3711 And I said, "UNLESS your down payment is $100K ((transparent)), there's no way you can get the monthly payment to $1,100". You need to think like a loan officer.
@@iforgotmyscreenname1
Apparently it’s not under $100k down payment.
I’m thinking like someone who paid off 30yr mortgage in nine years in my 30s.
I was saving over $60k/yr. making $160k a year.
At $360k a year I could save over $100k a year by accident.
LoL 😂. All the back and forth for nothing
@@blackworldtraveler3711 good point
This answered my question of, " I don't know how people could still afford to buy house today." They can't.
No one except for super high income 300k and up should be buying houses right now. Unless you happen to have generational wealth, hit the lottery, or somehow get some cash windfall. And then you must have 20% down. Anything lower is a waste due to the high rates and PMI on top.
If we all agree to this as consumers, then maybe house prices would actually crash down to some sane level.
Right now the market is taking us on a ride and only realtors and mortgage brokers are benefitting.
I bought a very small condo here in LA in February of 2022. When I bought it I got it with the intention that I would be able to make that payment no matter what job I have. Never buy above your means just because two of you have good jobs. No matter what, I know I will always be able to make my house payment and HOA payment.
Before you buy a house, be very considerate of your income and house prices. Don't buy something to look cool.
Smart! That’s a much better way to live… And less stressful too
Good for you. Right attitude!!
Old school way for a couple is buy what can be afforded on one income
@KLUV Now ..Everyone wants to look Rich
Same!
Their mortgage is $5,200 a month!? Omg!
Must hurt sending the payment
Yeah, I had trouble breathing when she said that. I get that they make pretty good money, but they should be bringing in 500k a year, not 150k with a mortgage that big. Not to mention, when you have a house that big and expensive, you need a really heavy emergency fund. The bigger the home, the more things that will go wrong with it, and the more these little emergencies will cost. And that's all assuming that you don't lose your job or have a massive pay cut like she did.
If you think the mortgage is bad, the property taxes must be brutal lol
The taxes are included with the monthly mortgage payment.
@@superblump87 Sometimes. Most people dont even know the difference between escrowing or not
@@superblump87 $900-1,200 average monthly property taxes. Insane 🤦🏽😬
@@rickjames4031 how is that relevant?
In California property taxes are rigged in our favor thanks to Proposition 13 in 1978.
Dave would have lost his mind on the $10k dog bill to save Fido. Insane
Sell the pets, sell the kids, rice and beans, beans and rice 😂
He did that on a different video haha. Not sure his exact words but something along the lines of "fluffy has to go"
@@langs089that’s fucked up
😂😂😂
Would of wanted to hear want he would have to say
Love when they pair Jade and George together.
Me, too!
Nobody is talking about how they just dropped 10k on a dog when they already didn't enough money to live.....
Exactly. Bye bye Fido
8:44
Yes, but it was more of like "let's throw it on there". There was no response from the caller unfortunately
@@The.Dude.Abides. right
I love my dog but 10k would never happen. I'm mad my girl is trying to spend $500 on it now
@@Tunechi65 lol, totally agree dude. My wife and I differ on how much we are will to pay to keep our dogs alive. I am capped out at $1000 if it’s to save the dogs life but also if the dog is already like 10 years old I am not paying that. Let nature take its course
This is why we live WAY before our means. So many people wrap themselves up in payments to "live their best life" and drown in debt and payments. House and car poor.
Sell the house, take whatever equity you get out of it to knock out the lowest balances and wipe those out, rent below your means and try again.
This is literally the only option I’m supposed they weren’t more frank.
5200 mortgage making 150k is not doable unless you increase income or get promotion
@@lukabeast1150 e a😂
No way to close the mortgage without a short sell. They will be underwater nearly $30k with Capital Gains taxes.
@Free Wifi
How? Capital gains is calculated on the difference gained. Even if they paid ordinary income rate, it would not be 30K.
@@temioni2744 ?
I would have loved to have seen Dave take this call.
He probably would’ve cursed 😳?
@@dasheffield5596 and broke a BILLION views on RUclips 😅😂
@D A Sheffield - He’d have said, “GOOD Lord!” when he heard how much the mortgage was.
He probably would have said.... "Sell the dog".
Their mortgage is insane. It’s sad they may have to sell a home they just bought, but it sounds like they are left with no choice.
Pride comes before fall
Don't buy more than you can afford.
The marathon continues...lesson learned
@@karlabritfeld7104 THEY have to impress friends.and post pictures on Social Media
It's not a good situation. The real question is if her commission job will double in salary in the 6-12 months she mentioned. If she really will be back to 6 figures in that time, it might be worth holding on. Otherwise, she needs to find a new job or they sell.
Something that really bothers me as a vet student is people who buy animals and don’t have emergency funds set aside for their animals. Or at least a cap on how much they’re willing to spend before euthanasia. I can’t tell you how many people I see go into serious debt over vet bills because they were unprepared.
100% agree. Wife vet here.
Vet nurse for over 15 yrs. I've seen people pull from their 401k to pay vet bills. Now I per diem in hospital and work pet insurance FT. In my area 5-6k for a TPLO. Basic exam, labs, rads in ER is around 800-900, before answers LOL
@@buzzybee186what's tplo?
Vets have lost their moral compass and will use a families pet to line their pockets instead of recommending that the animal be put down.
@@mxbadboy263 I wholeheartedly agree with you
THANK YOU, Jade, for bringing up the need to place limits on pet bills! 10k on an animal while broke?! Check emotions and priorities before spending - always.
As someone who’s worked in a vet clinic (and has spent $1,000s on my own pets trying to save them), I’ve learned that the more expensive a procedure is, the more likely it either won’t survive or the quality of life decreases. Of course that’s not always the case, but it has been true in many that I’ve seen.
I agree 👍
I think it depends on your priorities. Personally, my animals are my family. In this case, replace "animal" with "child" or "parent." Should there be a limit on spending for your child or parent? I don't understand why these people call in and take everything these people say as gospel. They are human like the rest of us. They do have some good advice, but they also give bad advice.
@@brenthouseholder4174 technically yes there is a cost/benefit to the amount of resources expended to keep someone “alive” relative to their quality of life, they can be hard decisions, but it wouldn’t make sense to take out a mortgage for an extra week of poor life quality
Exactly! Let the pet die! 🤡
I don't get why people don't think about their decisions. Oh that's right, they need a big house to keep up with their friends and show how good they're doing, even if they're not.
😂
Wait.. $150k income and they bought a $750k home!? They made a horrible decision.
That was after she lost her job
@@Gigilovehugs Exactly. If I'm understanding, they bought when their income was $250k. Still stretched beyond their means, but not as insane. Bottom line, when your student loan debt is 6 figures, it's not time to buy a home.
Jade kept it 💯 at the end about the dog! Someone had to say it!!
Life or death decisions shouldn't be made based on money. That's keeping it 100
@@whitneyw.7919 yes, natural selection should be allowed to always take place. That would cancel every single medical procedure.
in debt 850k and you all are focused on the 10k vet bill
I am an absolute dog lover, but there has to be a cap with vet bills. I absolutely agree, Jade
Pet insurance
No cap for my fur child. Find the money elsewhere.
Completely disagree. $45 a month for pet insurance. Stop giving people more reasons to bail on their pets!
@@erikmarchese4290 Find it next to the dumpster when you're thrown out because you spent your mortgage on vet bills.
Get rid of the stupid dog.
The fact you can get approved for 750 on an income of 150 bloooooows my mind
2007 all over again😢
They were approved on an income of $250k. She said their income has dropped by $100k due to her job loss.
She lost her job
Thank you for mentioning putting a cap on the vet bills.
Agreed! Listening to the caller, I was thinking that Dave would’ve probably said something about that real quick.
Came here to say the same thing
I train horses for a living so my pets also bring income, but they’re insanely expensive. My husband and I have put a cap on what we can invest in each pet’s health as well as getting life/ health insurance on my most valuable horses
So important that family comes before pets
Some people treat them like their children but at the end of the day… they’re animals.
@@cindymann3673 Good! Dave can say whatever he wants... That doesnt mean he's correct. He gives plenty of bad advice, but as long as people still line up seeking his advice, then I guess it works out for him.
@Claymore93
They are family. You don't kill your kid because they're sick, do you?
When looking at income. It is important to look at your net income instead of your gross income. Those are two different things. Always use your net pay to decide what you can afford when it comes to loans.
And I always guess that most people calling the show only know their gross income they file on their tax return
I don’t understand why lending companies look at the gross and not the net. You’re always going to have taxes and other things taken out.
@@Gentilejedibecause they want to lend people more money than they can afford to pay. That’s really there goal so it traps you!
Exactly
@@Gentilejedi loan officers are Salesman and get commissions on the size of the loan.
I'm glad she brought up the idea that owning a home isn't something to rush into just because.
Good thing that Jade was the one to bring up the vet bill. George must’ve been having “sell the horse” flashbacks.
George is a dog lover. He probably the type that believes no amount of money spent on a dog is never too much. I'm sure of that. But that one thing these financial advisors on these shows never bring up is the amount of money people throw away on dogs. Jade is the first bold person to say so and at the end she knew she would get some hate because dog lovers are a special kind of stupid. They treat loving dogs as a religion.
That’s unreal to me. Our family income is 180k and we bought a fixer upper house for 150k. The fact that people sign up for $5200 a month for 30 YEARS!!!!!! Just wow!
I could never sleep again.
I listen to things like this and hear people say they purchased a $750k house on a joint $200k income, in August, when rates were skyrocketing, and it makes me feel quite nice knowing that my wife and I purchased within our means, in the town we wanted to live in, on about a quarter less income for $450k less. Makes me feel quite quite nice. $5200 a month on a mortgage IS NUTS!!!!!!
Not if you make 8 figures!
They are good people to save their dog! My cat needed surgery 10 years ago. I paid several thousand for her and people said I was crazy. I still have her and she is happy and healthy!
We’re you in a financial strain though?
Helping a pet pass is also being a good person. Not letting them suffer can go two ways. One helping them pass or getting them care. Both come from a place of love. Neither is wrong if you have the funds to pay for the care. And choosing to have them put down is just as humane as saving them. Sometimes it’s the best choice for them.
Listening to Dave Ramsey channel has made me feel smarter than majority of people WITH MONEY! I cannot believe this! How do you sit and convince yourself it’s okay to spend 50-60% of your income on a house you cannot afford?
Sell the house and don’t spend anymore on the dog!
Home is where you make it, and there will always be another house to buy.
My dogs are like my kids. I know it’s a very emotional time when something happens to them. It’s ok to let them pass when things happen. Be there to hold them when it’s time. Letting them pass is not horrible, it’s just another form of taking care of them. You’re not failing them, or saying you don’t love them. It’s helping them to not be in pain anymore, same as giving them the care to help them recover. Just two different outcomes and costs. Both are of the same place of love. That’s something I remember all the time.
I could not let my pets pass when their lives are saveable. That's why vets are so exploitative
Holy cow we make a similar income and we felt comfortable at paying 300k for our house but we’re in IL. I would sell!
Yup it’s look at me look at me I go to the gym I got a really big house I’m so cool we as a society have to get away from that mindset asap !!!!!
@@mikeberardi3985 Never ever going to happen. You are asking people to behave sensibly. Humans are dumb. Simple as that
@@mikeberardi3985 p people out here are really flexing when they don't even own their cars or homes. I recently got a 500 ft² condo in Los Angeles over a year ago, but I got it with the intention that I knew I could make the house payment without fail every single month. No regrets and don't care what anyone thinks of me.
@@EricAndradeMusic absolutely I at the end of the day and you have to live your every day life and stop worrying about impressing people you’re doing it right 😎
Same
We spent about 7K on a surgery for our dog about two years ago. Ironically, he is actually another $1000 surgery today. I was willing to do the expensive surgery once but won’t do it again.
I don’t think any form of pet insurance would help with situations like these either. Some people I have talked to say those products don’t cover many expenses surrounding a major surgery.
Trupanion paid for 90% of my pet's expensive surgery. I didn't even have to pay first and get reimbursed later.
Sorry but you gotta treat animals like farm pets. They come and go, circle of life.
I would spend $1k on my cat. But honestly not every pet is the same. The cat I have now is the best pet on the planet so I would spend that. But $7k honestly I just wouldn't be able to afford. If you already spent $7k I'd spend another $1k.
You can try surgery in Mexico. I did few dental implants in top clinic in Cancun and roughly 4x cheaper than in Texas. If I include staying in hotel and flight, still 3x cheaper. Besides dental tourism, a lot of people started going for plastic surgeons and vet clinics now.
@@brent4073 '*looks pet in eyes*' It's time to come with me scruffy. We are going on a road-trip. '*grabs crow bar*'
Sounds like they need to move into a 1 bedroom for about $2k/month… $3k apartment is still luxurious in most cities. She was paying $5k a month for an apartment. That’s ridiculous. They are definitely living beyond their means.
Not necessarily in Boston. Boston is neck and neck with San Francisco for cost of living.
@@angelmyers869 dude, it ain’t that bad… the average persona ain’t paying $5k/month… she has lifestyle creep…
@@angelmyers869 This is wants versus needs. She likely wants to be right in the most expensive section of Boston. She could easily live in Medford and work in Boston. Those rents seem to be around $2.5-3k. I also see lots of rents in Boston for $3-4k. Studios go for that $2.5k range.
as my grandpa said, if you cant buy or pay for it twice you cant afford it
The hosts need to start asking who the bank is that is giving these loans out.
I suspect the bank didn't see any problem when they decided to lend the money - after all, the problem started when she lost her job....
They were making $250k when they were given the loan, which follows the 1/3 rule. With a loss of $100k in income, they now absolutely can't afford the home.
Listening to their situation I started having anxiety and almost couldn’t breathe…
More Jade please!! She keeps it real!
There is no apartment or house worth thousands of dollars a month in rent no way!!
David would’ve flipped out about the vet bill 😟?
Let him... Who cares? He is a human being like the rest of us. Yet, people that can't adult properly hang on every word that he says.
For those unfamiliar, a $750K house in Boston is actually on the cheaper side. Super cool city but yikes. And rent is outrageous also.
Yes, I was just looking it up and that seems to be about as cheap as you can go in the area. However, they could have looked at condos in the $500k range.
Great reminder, Jade, on debt vs. pet spending
Her advice is garbage. Yet, people who can't adult will listen to everything they say.
Agree, Andrea
@@brenthouseholder4174 She does give good advice on most things, but I disagree with the pet part. Some of us love our pets more than we do people.
She’s irrelevant to the program
@brenthouseholder4174 dude, you are so butthurt with anyone who thinks people have more value than animals. I'd say it hilarious, but it probably means you have poor relationships with family and former friends, which is sad.
I bought a house 10 years ago for 135k. Lot of my coworkers and friends would talk down on me because it wasnt new. I was very happy with my decision then and more even now. I since got married and now 2 incomes help pay the mortgage. Our monthly payment including escrow is about 1k. Most people who talked down on me are still renting or at mommas house. My point is make a decision that suits you and not other people who only care for themselves. We live in a society where we have to show our success with material stuff which is okay if you really really have it.
Amen!
Don’t keep up the Jones’s!
THANK YOU JADE! "Don't go into debt for a pet." Exactly what I was thinking.
Interesting that people do not thinks before buying and than start regretting…
The problem is they bought way too much home then they could afford. You should buy a home that is sustainable on one income. They likely figured bcse of the low interest rate they can buy more of a house. She obviously had an issue with overspending b4 they got married. Not sure why she was paying $5k per month rent on only $100k income all while having student loan debt. If he was only renting for $3k she could have done the same. That additional $2k could have been used to get rid of the student loans. And they obviously just looked at the payment and not beyond that. Likely in her apartment that may have included all utilities. Now your paying sewage, garbage, electric, gas, water and maybe landscaping + need to set aside for emergency repairs. Then factor in the increase in fuel and food. Likely she's still trying to spend like b4.
Gotta keep up with the Jones.
@@TWLogik Funny how they didn't tell the woman to get a better job. If it was a man they would have straight up told him to get a better job especially if it was Dave Ramsey
It happens all the time 🤷🏽♂️?
Many people do not think in general these days
That's why I don't like it when people overly rely on their high income when they consider buying stuff with payments. It sounds crazy, but in America, you can get fired fast and without warning. I think it's better to base your payments on the type of job you can get ASAP if you get fired. That would be low key retail or burger flipping. If you do that, you will probably save a lot from your high paying job, since you bought a house or car based on a lower income.
That should save you if you need to take a cut in pay and even if you didn't, it would get you income from the money you saved and invested, hopefully to a point where you have a good backup of money coming in and you don't have to worry about getting fired.
Popping in to support Jade. We are dog lovers, but yes, I agree 100% on having a cap for this type of expense.
Corporations own vets offices now.
And it’s a puppy!! $10… sorry little guy
I think the vet took them for a RIDE
Great advice, love the Ramsey family of advisors. Thank you.
It's amazing that people come to Dave when they are desperate. It would be better to come before desperation kicks in. Always have a buffer, because the unexpected (i.e. job loss, major equipment breakdown) can happen.
I think the 25% rule is not possible in this day and age unless you want to live in an unsafe neighborhood and area.
If you can't afford the 25% rule you have no business buying a house.
I make more in 1 week than my mortage in nice area of NY. It can be done.
I heard a saying that said if you’re willing to pay whatever it takes to save your pet, get pet insurance. I got one year of insurance 1,000 deductible covers 70% unlimited after $1,000 and it was $141. Highly recommend pet insurance.
My mortgage is $1750 a month and my wife and I make about $15000 a month!
BTW we owe 60k on the house can't wait to pay it off, don't understand how some people live way above their means.
Similar situation here, wife and I together make 250k and our mortgage is 1750. Gives us so much wiggle more to do anything we want..
It’s a great way to live
👏
@@Quy3344 May I ask why keep so much depreciating cash while paying interest on the borrowed money? Seems like an unnecessary double loss on your hard earned reserves.
Just think how nice it’s going to feel when you pay that 60k off well done all the luck in the world 😊
Your situation is my goal.
Get out of Boston!! I will never understand why people live in those horribly expensive areas.
Because the horribly expensive areas are the places with high paying jobs. The inexpensive places to live are the places with terrible paying jobs
There are plenty of places with high paying jobs and costs that aren’t as high as places like Boston and your income grants far more purchasing power.
PREACH, JADE!!!
I'm so happy to see these comments about this dog. I felt like a heartless heel cause ain't no way. That dog would have been past tense.
Finally someone talking sense into pet owners that have lost their mind on what it means to own a pet! Outrageous... I know so many people that are broke barely making it yet they try to give their pets a better life than their own. SOMETHING IS VERY WRONG WITH PET OWNERS THESE DAYS. I know this ladies dog had a medical emergency, but that's just unwise to spend 10k on a dog.
They live beyond thier means period
Way beyond.
Finally, someone says to put a cap on dog expenses. Flat out respect for saying that.
This is why, if you're married, you shouldn't buy a home that you can only afford on one income.
I'm guessing you meant, "Shouldn't buy a home that you *cannot* afford on one income." I would agree with that sentiment.
@@eurekahope5310 yup. This situation is making people type fast. We are feeling the stress.
That is a good idea
That's the old saying
*cannot
It’s what we’ve always done. It’s great advice.
I would not have spent 10k on the dog😕she sounds like she likes to spend money. Glad she found the program hope things get better for them
Very happy the puppy expense was addressed
I own 5 homes all paid for and all inherited from my family, I own 35 acres paid for and inherited from my family, I have a full retirement from the US Navy, all of my medical is paid for life through the VA and Medicare and Tricare, I drive a 2021 Chrysler Pacifica Touring L I just bought and put $10,000.00 down on and when they pulled my credit it was 821, and I have multiple emergency funds in place...I would never hang myself the way these people have...make smarter decisions and live well below your actual means...
@Jade I’m glad you mentioned the dog at the end. I was thinking the same thing but it’s reality.
"Greed is sincerely a disease." W. Jones
10k to save a puppies life ? After you lost a 100k job and you got a house you cant afford ? I had to pause the video …
Some things more important than money.
Just buy another puppy at that point
I lost a dog over 12 years ago due to not having enough money to save him. I still think about that regularly to this day.
I love animals but not putting out $10k. If this dog has this much of serious health issues then there will be likely future issues.
@Adventure Edgar sometimes it's just that dogs time. Just reflect on the good life you have him/her
Clearly bothof them were buying just to impress. And they are both going to hate eachother in a year
Its obvious most people only hook up to buy a house or to double their income rather than actual love nowadays. Once they lose the house won't be long until they each get served divorce notice
Nah, buying a home in Boston for $750k is not impressive; it’s pretty much average. The home will look average too
When I started reading your comment, I wondered what "bothof" meant. I thought it was a word I had not learned yet.
These people and these pets. Wow when I was a kid $10k on a dog would have been that dogs is "going to a farm up state" 💀🐕
If you cant afford an animal, or dont want to give them reasonable care, then people shouldnt own pets. Animals arent disposable! I dont see anyone saying "If my child needed a $10k surgery we should just euthanize them."
not sure why do you speak like it's a bad thing? Just because you grew up in a household without much love or respect
That's fine if you don't care about animals. I never liked kids, which is why I never had any. Just don't get any pets. See, it's really that simple.
Crazy one needs a 300k-400k income to comfortably afford a 750k home XD
They were at an income of $250k when they bought, so they bought with it being a little tight and now they are way tight because they have lost $100k in income.
Bought a 750k home with 100k student loan debt?? My goodness.
Housing prices/rent in some parts of America has gotten out of control.
There is no plausible reason a 400 sqft studio should cost $2500 a month to rent.
I'm all ears when it's a call from Massachusetts. I'm in Mass right now and this call is helpful for future prep when I finally get married.
She could try to get a roommate yes a roommate, or tenant. But it’s not easy. You run the risk of having to evict if they then don’t pay the rent.
Why did neither one of them tell her to find a different job that's not commission??? Heck you don't even know what she's doing for commission!?!? Find something that you know you're going to get paid to do any work!!!
I understand that a dog is a part of the family, (was a puppy too) but 10k was money you didn’t have.
Wow, I felt like I couldn’t breathe when I heard how much they paid for mortgage each month.
I’m so sorry, but if you are in that kind of financial hardship, you do NOT have the financial freedom to spend $10K on a dog. It’s harsh, but that is reality. Sure, spend that much for your child, but not a pet. 🤦🏻♀️ Pretty foolish.
Edit: What?!? And you actually have 125K of student loan debt, too?!? Even more reason why spending on that dog was really a bad idea…
$5200 on a 30 year even when you were making 200K combined with no debt that is nuts!
That's almost 1.9 million dollars! For an 800k house! Wow.
@@mattschmitt9924 exactly! We are looking for a house, we make more than that and we plan to stay under $3800 per month!
I doubt they will walk away with anything from selling, after closing and realtor fees. But, the point is to unload it, not make a profit. They might even come out negative. Good luck to them.
$5200 mortgage payment even pre layoff was OBSCENE. Sell the house and rent. This house is murdering you.
Yes, in their region, homes cheaper than that are hard to come by. They should have probably looked at $400-500k condos or just rented.
$10K for a puppy's life? Insane decision.
George was definitely careful not to make the same mistake he made with the horse video 😂😂
This has been every home buyer for the past 20 years. Best you can do is increase your earnings. After a few years it isn't too bad.
At least this happened early on, they can come back from this.
I really love you two together! Jade is amazing!
I think a lot of people are in this situation 🤣
They need to sell the house now. God bless these young people in their future.
That last bit was so important. I love my dog too.
I just don't understand why people have so much trouble with money.
Did you not hear her say she lost a job? Man your life must be perfect.
@The Deel’s You should only be living on one income. People lose their jobs all of the time. I have always lived below my means and that's why I never have to worry about money.
They paid 10k on a puppy ofcorse there broke lol
Duh
Easy, their upbringing and “knowledge” of how to handle money, maybe insecurity, status, external influence, etc. This is why it’s important for the ones that know better to share the knowledge and encourage others
$10k to save a puppy? Unwilling to make the best decision for the family in favor of the dog. I think I see the problem.
First mistake was buying a house for $750k and only making $200k.
Some peoples rent is 70 percent of their income sad reality
You can rent in Boston for well under $5000. These people are just living beyond their means and were ill-prepared for unexpected changes.
0:55 George is about to tell her to sell the dog lol
😂😂😂