Dave Ramsey Discusses Subprime Fallout

By buying in 2005. I bought my house with 20% down and voila, it has lost half it's value, from $275,000 to $145,000 (Las Vegas market)
Yes, there are countless ways house values are affected, bad lending and bad borrowing is one of them.

Hello? Anyone home? Dave has helped thousands of families pay off their mortgages! Are those families in danger here? No, they have paid for homes with only property taxes to pay. Besides, we turned down a loan on a rental investment for 10% down! It was tempting. So Dave is right, conventional loans are readily available if we can get 10% down on an investment prop. Unheard of! And we declined it! Why? Because debt is a four letter word & we don't need it. We'll build wealth in the black.

If Dave Ramsey is such a moron, why does he have a television show, a radio show and 3 New York Times bestsellers, not to mention his endorsement of the common sense plan for fixing the housing crisis. Tell us what solution you have, dude?

and that is why you are a bad person.... just wait it out on the creditor and they cant collect.... you are a real scumburger! its your moral obligation to pay YOUR DEBT TO SOMEONE!

have you ever thought that he did not say anything b/c he is a gentleman and did not want to "on air" make this woman look like a complete dumbass? He made his point and maybie she will look at her life.

Dave has no clue on what is happening to the economy. This is not only a subprime problem. Good borrowers for one reason or another will have to move from their houses, how do you sell a house when you are upside down by 40%