Live from the headquarters of Ramsey Solutions, broadcasting from the car rental studios. It's the Dave Ramsey Show where debt is dumb. Cash is king and the paid off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. Dr. John Deloney Ramsey, personality and best selling author, is my co-host. Today, open phones, a triple eight eight two five five two two five. That's triple eight eight two five five two two five.

Orben is with us in Chicago.

Hey, Alben, how are you? Good, good. How are you guys doing? Better than we deserve. How can we help? So I'm twenty four. Two months ago, I had a net worth about one hundred and five thousand dollars. My parents wanted to buy a two flat to rent out. And they came to me, they said, we need 60 grand from you. And I said, we need want from you. 60 grand.

Right now for the help of the down payment on it, so when you say you get a net worth of one hundred five thousand bucks, I mean you one hundred thousand dollars in cash. Yes. OK. All right. And your parents want to borrow sixty thousand of it. Yes, but I love them and I and I said, I don't want to give it to you. What if I give you the 60 grand and then when we're done remodeling and everything, I live in the basement, which I thought was a good idea because there's no mortgage to me.

I'm not paying rent or anything. It's a place that I'm going to own later on in life because they're going to leave it to me. And now when we were remodeling in the basement, I was like. I don't think it was a good idea. I don't think I want to live here at all. So what's your question? So now it's like, do I? Well, now, because I only got 40 grand left out, I think I want to go and I want to move out to a different place.

But it's like I don't know how to say it is like. So I saw the money back with. Because I don't know, well, what are you doing? How old are you again? Twenty four. OK. I think I'm going to throw up. Yeah, I'm so mad at your parents right now, I can't breathe. This is so inappropriate and so completely out of control on their part. It's just wrong. Now, I don't know how to get you out of this either off the top of my head, mechanically or tactically get you out of it because you've already put a down payment on the house.

Your name is not on the even on the house. Right. No, it's not you don't own any of the house, you just gave them money and you have you have a handshake agreement. The way that you get to live in the basement, that you decided you didn't want to be more. First, I was like, you know what, this is great, you know, it's pretty much exactly the area, everything that's great about it, there's nothing great about this.

There's nothing great about parents asking a twenty four year old for sixty thousand dollars. It should be the other way around. Man, so what was the end goal here? Was it a mutual investment we are going in on this together or did they just want 60 grand to do their own thing? No, no, no, we already have a rental property and everything, so I knew they knew how to do it. They knew everything about it. Well, not good enough.

They don't need to borrow money from their child, but go ahead. And so they're not living in the house.

No, we we live rent free because my dad is a residential custodian, so we live rent free in the building and he takes care of we don't live there.

I do, I live with my parents. I thought you were living in the basement. He was about to and I don't want to anymore. Oh, right. Yeah.

OK. All right, here's what should happen, I don't think it's going to, but here's what should happen as gently and kindly as you can. You should talk to your dad and mom and say this was a huge mistake. I need my money back. And so we need to put this property on the market after it's renovated so that I can get my money out so I can get on with my life. I should not have done this. I'm sorry.

I didn't know any better. I'm only twenty four and I need my money back out of this house. I don't want to live in the basement. It doesn't make sense. And so let's please put this house on the market. This spring when they sell the house, they give you your money back and then you move out and get you an apartment and start your life, young man, and save up, continue saving and buy a home someday for yourself when you're ready.

I hope that you can convince them, shame them or something into selling this property quickly this spring and giving you your money back. And then you need to move out from under their roof.

But they're not they're not going to know. So the next step is going to be it's a, I don't know, really expensive. Sixty thousand dollars lesson for twenty four year old, right? Yeah.

It's just because he doesn't he doesn't have it any agreement at all. No handshake, no handshake. And there's no exit strategy, there's no promise of when he was going to get his money back ever. Instead he was supposed to live in the basement and perpetuation. All right. In return for 60 grand. So the deal sucked. Yep.

We'll leave it to you, though. Don't you worry. We'll leave it to you someday, son. Yeah. All right. When you're sixty sixty, you're going to get this house right after you've had your own grandkids.

Yeah, it's just I hate to tell a twenty four year old you learn to 60000 less and it feels better to say that when they learn, they learn a twenty thousand dollar truck lesson or something. But yeah, I hope I, I hope your mom and dad will. Have enough character to reverse this deal. I but I can't I don't have a lot of faith in that because they didn't have enough character to not do the deal in the first place.

Right. Oh, gosh, infuriating. Who does this to their own kid, right? Whether she see why some species, if they're young. Oh, my God. All right. Cindy is in Asheville, North Carolina. Hi, Cindy. Welcome to The Dave Ramsey Show. Thanks, Dave.

And Dr. Donnelly, it's a pleasure to speak with you guys. Sure. I am going to try and make this as brief and to the point, because there's a lot of details. My mother and her husband live in Florida and he has been given four to six weeks to live.

Oh, she has. He has. He has. I'm sorry. Thank you. He's in denial. And he never created a will, despite umpteen pleas to do so. The House has premarital asset, so it is paid for in his name only, including the property taxes. And it needs a lot of work due to water damage and mold damage from a few years ago. How long have they been? He's got by eight years, a little over eight years.

Why would he not do it? Well, he he he can't commit to any type of decision in his life. That's the nicest way I can put it, is it doesn't matter what it is. He has to research it. He I don't know if he doesn't want to think about it. I honestly don't know. But my husband's mother died a few years ago and there was a will and there was still a lot of problems because people didn't understand how it was going to be divided.

And so it was supposed to be a learning experience for, you know, for them that he just, no matter what, would not commit to it now that he's given. To tell you what, you hold on. We come back from a short break. We'll try to get to the bottom of this if we can help you. This is the Dave Ramsey Show. You've got a lot on your plate, a job, your home, your marriage and your growing family.

While you're enjoying the present, you can't help but think about your future and your finances as you explore your options. Consider Christian healthcare ministries or see for your health care. Their generous maternity program and budget friendly monthly programs have been a blessing to members welcoming children into their families. Visit S.H. Ministries Dogbert Budget to see if it's right for you that S.H. Ministries Dogbert Budget. Dr. John Boloney Ramsey personality is my co-host today here on the air. This is The Dave Ramsey Show.

Open phones at eight eight eight two five five two two five. We're talking with Cindy in Asheville, North Carolina. She's got a mom down in Florida who is married to her step dad or step dad's, got terminal illness four to six weeks to live. Won't do it. Will houses in his name. Is that a fair summary of what you told us so far? That is correct.

He also has several other cars and his name, one that's in both of their names. He's got several retirement accounts, but he's only put her name as beneficiary on one of them. So that pretty much he was the beneficiary on the other.

I have no idea. I don't even think she knows. OK.

Currently, I believe the current deejay still has his deceased wife on it.

That doesn't matter.

So, yeah, so she's just concerned. What is her rights? You have a right to live in the house, even though it makes a lot of work. And she won't she believes that his intentions is for the kids to have a house upon her death. But since his premarital and there's you know, she's not put any money into it, you know, is she going to have the right to even live there? I don't know, she needs to contact an estate planning attorney in Florida and learn the law there in some states.

She is a half owner by marital marriage and she'll get the other half by marriage without a will. And the kids will have no right to anything ever. It's her house in some states. I do not know how Florida works and Florida has some unusual real estate laws. So I would want to get some I'd want to get some legal counsel on that and not listen to some radio doube like me. It's too important question, OK? The thing that's bothering me and this is this guy has been for eight years misbehaving towards his wife and she's allowed it.

I agree. Now he's dying and it sounds a little bit.

A lot, I mean, for her to get all up in his grill, but I think I would and I actually had an argument let's hear a little bit, because prior to the termination terminals, you know, diagnosis, there was the hope that he would come home to get back. Things in order will get the house in order a few days later this year.

Yeah, but even even if even if there's not a terminal diagnosis, this is her literally her life is sitting right in front of her.

Right.

There is a chance in four weeks she is on the street homeless and kalush and and moneyless with the exception of one little pissant retirement account.

If there is a time to sound every alarm there is getting somebody's face get loud. As Dave said, this day has been in motion for a decade now, right?

Yeah. You know what? If you want me to take care of you while you're dying, you're going to have to take care of me. Right now, we're going to do a trade bubble because, I mean, it's that dire, right?

Because I'm leaving, right? Absolutely. But she's not going to do that because she's put up with it to this point.

You and me and John are the only ones upset about it. She added on the list. Exactly. Exactly.

And now she's like, well, I guess I'll really see if he loves me or not. No, she already knows this one.

He's got an answer for right in front that's already been answered.

So unless you can get her upset at him is enough to do something about this. There's nothing you can do. I agree, yeah, and you don't you can't do it. He's not gonna listen to you and you're not gonna listen to me.

No, he definitely there's a there's a small chance he's going to listen to her because he won't listen to his own pastor or he won't listen to anyone's advice. That has to be his his way or the highway.

Well, I get that you don't like him, but I'm just saying there's only one shot. He's got to turn this away. I don't like him. I don't even know him.

I'm mad at him because he took he took a vow to take care of my man.

I agree. Right. I'm me, too. I'm with it. But but I think the point is, is that the only one that's going to have an impact on him is your mom, if anybody does. And I give that a low probability. So if I'm in your shoes, I'm just going to pray for your mom and I'm going to tell mom when all this comes completely unravel because you're not going to deal with it. I'll try to help you some if I can, but I'm going to be limited on how much I can help right now.

You should help yourself in that.

Would that would take the form of you getting belligerent loud with your ridiculous husband, even though he has a terminal diagnosis.

Right. And Cindy, if she remains passive, at the very least, she's got to go sit with an attorney, then estate planner and find out at least what the law is so she can sleep at night. Right.

She at least needs to know she's not on the Internet, not just making it up. I think I heard a friend. She's going to sit with a lawyer and find out the A's and B's in the CS.

She may have full rights to the house. That's right. And she may become the owner of the house and regardless of what he wants. But that's what I have no way he can prevent that. She have a will, but she's still going to have two years of fighting those kids who are going to come out of the woodwork, those houses, there may be no fight.

If the law states it, then there's no fight. It's a mic drop. It's over. Same as the beneficiary on their life are retirement plans. There's no fight. It's just the money's issued. There's no argument. It's not there's no legal basis for a fight. There's none whatsoever. And he won't be heard a judge throw it out in twenty seconds or so.

But people get will get a will get a will get a will. I might die. You're going to die. You were going to do well. And if your marriage does not increase your statistical probability of death to get a will, you're going to die. One hundred percent of you get a will cowardice. And if you're married to somebody who doesn't have a will, you are choosing to put your head in the sand. You're making that decision. I love sand sands, a possibility under water, whatever.

Just just so you know how it works in my life. Over the holiday break, my dad and I had a conversation about his will. Me and my wife went through ours and redid them. We actually did the the notary in this office yesterday. We'll get that because you do it every year.

You have the conversations, you have a will, because here's the thing. You're going to die. Everyone around you is going to die.

Done detailed research. Nobody gets out zero.

None of them. Jesus and Elijah. That was it. Two to probability. The rest of you, not good stuff. You think I'll make it because you don't measure up to those guys?

Oh, man. Not a chance, Dave. That gets in my soul. And it just pisses me off, man.

Yeah, well, we we're not helping Cindy because she was already. I know Cindy. Yeah. Yeah. We could join you. We just did. Oh, I'm sorry. Cindy Turner is in Omaha, Nebraska. Hi, Turner. How are you.

I'm good. How are you? Better than I deserve. What's up? So I've got a little bit of a big picture question for you, I guess I my wife and I inherited a little bit of money about five years ago, not a little bit five years back, but one hundred and eighty thousand dollars as well is that. Now it's been sitting in investments. The only debt we have is on the home, but one hundred thousand dollars of debt left on the home.

We bought a business about a year ago, and it's a new franchise and it's it's just been exploding. And so I've kind of felt the pressure a little bit to expand. We owned the Omaha territory. We also would like to purchase the Lincoln in the Des Moines territory as well. And I'm just kind of wondering if it's wise to use that investment money to to buy those territories. On the other side of it is how much are they being there?

About thirty five thousand eight hundred seventy five thousand dollars or seventy thousand bucks. OK, so what have you made on their franchise in the first year? Yeah, so obviously, being in the you know, just the first year, it didn't make a whole lot of money, obviously were. So why should we want to expand this? Well, just because I think it's the pressure of they. So they sold.

Yeah, I'm glad they did. They're showing a whole bunch of franchises and you're not making any money. Right now, if you were if you told me you made 100 grand, I'd be all excited about you busting to sell the buy these other things, would you have made him money?

I'm confused why you're so excited other than they got you excited. Yeah, well, I'm confident in our ability to get any money with it yet. Many money. No, I would.

I would. I mean, if you had seven hundred thousand, I wouldn't spend seventy thousand on expanding this until you go make some money. I'd give him five thousand bucks for a one year option. If you can get your dadgum thing running, if you get it run and then maybe but not a chance. Now these franchise people can sell, sell, sell. Sounds like a fancy fancy Tupperware party. It can do is. Yeah, that's not bad.

Pampered chef. Maybe, but this is the Dave Ramsey Show. Coming up on this coming Tuesday night, January the 12th, at 7:00 p.m., you need to sign up for our free, free, free, free reset livestream event to kick start your money goals for twenty, twenty one. I'll be speaking to help you with that. Chris Hogan, Rachel Cruise and Pastor Craig Groeschel. We're going to give you the motivation, the guidance, the step by step plan you need to hit reset after 2020.

Some of you got to well, you got your wake up call. And you want to say good bye to money, stress, you don't want to ever be left in a position again like that, text the word reset for the free live stream text reset to thirty three, seven, eight, nine, text reset to thirty three, seven, eight, nine. Or you can sign up at Dave Ramsey dot com slash reset. If you're in the Oklahoma City area, that's where we're going to be doing the event at Live Church Dot TV.

Then we have a very, very limited audience due to spacing or social distancing or whatever the crap you call that stuff. Anyway, we're going to be there and there's some seats for 20 bucks. They may be gone by now, but go to Dave Ramsey, dot com slash events. If you're in Oklahoma City and you'd like to come out and watch the event live, we'd love to have you.

We will have a small studio audience and just a little over 100000 already registered for the livestream on Tuesday night. So make sure you get signed up. It might be one of the bigger events of this year. Again, reset, text reset to thirty three seven eighty nine on the debt free stage with a question in the lobby of Ramsey Solutions. Preston is with us from Destin, Florida. Hi, Preston. How are you doing? Good. How are you guys?

Better than we deserve. I understand you've got a question for Dr. John. Yes. So it's in regards to my brother, our last couple of years, he's gotten progressively worse with alcohol. Now it's gotten to the point now where, you know, we're starting to see some resentment between them. We're starting to see, you know, pretty much no affection between him and his wife. You know, there's there's just not much there. You know, it's past Christmas at movies.

They didn't sit together. You know, there was no affection to each other. I mean, they were just kind of there. You know, we've we've tried talking to him. I've tried talking to him. My parents have tried talking to him. You know, my grandpa who was in the same boat, almost lost his marriage to alcohol when he was young. Try talking to him. And I mean, nothing. Nothing's getting in. You know, nothing nothing is sticking with him.

His wife has tried talking to my parents about some situations that have happened. And I mean, just nothing is working. And we just don't know what else to do when we fear that the marriage is is going down the wrong road. Yeah, I'm sorry for you, Preston. That that's. How old is Utah now? He's twenty four. How are you talking to.

OK, so he's a young guy, huh. Yeah, yeah.

Yeah we are. We've been two peas in a pod since birth and he's, he's not let me and I, I've tried and he's just, he's not really he's not really open.

Hmm. So how can I help. Man I how else I guess what else can we do. You know we've tried different angles. My mom has tried the, you know, loving mom angle. My dad is kind of try it the tougher dad angle. I've tried the, you know, brother angle. And I mean, he's just nothing's working. He's he's shutting everyone out. He's he's shutting his wife out. And it's just not I don't know what to do.

So for some reason, you may know you may know part of it, you may never know.

He's running from something and he's found something that works in the time being. And it's going to cost him everything. And there's nothing worse than watching somebody you love just slowly sink. Right. You got your hand out for him and they just choose to hold tight to that bottle, to their heart. And they just as you watch him go underwater, at the end of the day, addiction is a connection disease. I don't even like using the word disease.

It's a connection issue. OK, and so I think you've got to find that sweet balance between letting your brother never forget, always know that you love him and you care about him and that you will go to the ends of the earth for him.

And at the same time, you have to protect your heart. You've got to protect your family. You got to make sure that you don't get suckered into funding his lifestyle. Right. That you don't end up being an enabler and an empowered right.

And so I think you what I've seen effective in these situations before is you've got to get with somebody that you trust, both your mom or dad and your sister in law. You'll have a hard conversation about a possible intervention. You have a hard conversation about what boundaries are going to be. And then I would love to see you sit down and write him a letter. And here's why that letter is important. It gives him a touchstone. He's going to roll his eyes as soon as you start talking brotherly stuff to him, he checks out.

Right. But that letter is gonna be something he's got with him and he gets to hold with him. And it's a place for you to be vulnerable and honest with him. Let him know how you feel, but he'll go back to that and go back to that and go back to that. And it may be two months, maybe six months, maybe a year, but eventually he's going to hold on to that thing as an anchor, as a tether back to land.

And at the end of the day, man, you've got to protect yourself because you are no good to anybody. If you're broke and you're sick and you can't you know, you can't sleep because you're worried about him. You're not putting your oxygen mask on.

First, you got to take care of you day. What do you think? What's the letter say? The letter says I love. The letter says it talks about the history you'll have together, it lets him know that he's ank whether he thinks he's untethered at sea, he's anchored into you, he's anchored into this family. You'll love him and that you want to see him come home. And that love is not going to change the way how he feels that love might change.

But your side of it's not going to change.

So you don't say anything about that, you're disgusted with his behavior? Oh, absolutely. You hold him accountable. OK, on the yeah. On the back end of letting them know how much you love them, how much he's tethered in, you let them know that the life you love. I love you. I hate what you're doing. That's right. And you're hurting yourself. You're hurting everybody around you. And we want you to come home and we will be here when you come.

Yeah.

That's not a that's a good idea. And plus, it probably it might take you a little while to craft that letter and it might help you. It will free you, too. That's the that's the secret side. I don't tell people that's going to it's going to untether you from the outcome of your brother's situation. OK, here's the hard reality. You can't fix him. You can't heal them. You can't solve him.

The frustrating, most frustrating thing as an adult is to watch people that you love deeply do incredibly stupid, destructive things. And there's nothing you can do about it. Yeah. Yeah.

It's just the most frustrating thing because, I mean, I've got friends and relatives and I got do it, you know, I just like and they just keep going stupid, you know.

I mean it's just like, oh my God, you're stupid. And it's just and he's just, it's just man it's so it's it's the one of the hardest lessons.

And I guess we relearned it every day, all of us, that you the only person you can control is you.

Yeah. And be wary of drawing alliances, drawn his wife into a triangle right. Where she ends up calling you for support, you for help. But be careful about that. Let her know that she needs to get her friends, her counselor, her pastor. Right. She's got to do the work on her own. And you are not going to I might be tethered to all three of them. Yeah.

What you said and I don't know, it depends.

It has a low probability, really. But the it it except in the movies and this idea that under the direction of a good counselor, a professionally trained pastor, maybe gather up everybody, grandpa, mom, dad, you wife and you all one night sit down and as a group, just explain to him what this is doing to all you. That's an intervention. But that's that works better in the movies than it does in real world.

But it does play a lot of people blow up, although blow up in those natural defenses come up and they come up with rage. But it plants a seed that, again, when there's going to be moments of lucidity over over the next couple of months, couple of years. And they'll remember everybody got in a room and said, they love me. And that will that will be a lifeline down the road. Right. Love you. And you're killing us.

That's right. You're killing all of us and you're killing yourself, right? Yeah. You're killing yourself. It's just this is what your your your drinking is doing to your wife. Just what you're drinking. You're doing your mom. Right. It's what you're drinking is doing to your brother. That's what you're drinking. You're doing your dad and you plan all of that. And it may take a little while for that to come out. I mean, that the mystique of that night of him walking out of there going, OK, I'll go to AA, almost none.

Right? Yeah, just it don't don't expect that. But and you would not do that off of. My guidance, because I'm not a pro, but I would get a pro and get with it if you were going to do that.

You take care of you, too, Preston. He needs a whole well anchored in brother. OK, I love you. And I'm I'm grateful for your heart, man. Yeah. Good heart. Good guy. Oh, open phones. A triple eight eight two five five two two five. Our scripture, the day Romans eight, twenty four and twenty five for in this hope, we were saved. Now hope that is seen is not hope for who, hopes for what he sees.

But if we hope for what we do not see, we wait for it with patience. John Maxwell said the pessimist complains about the wind, the optimist expects it to change, and the leader adjusts the sails. There we go.

Just like that. We say that again because all of us need to hear it.

The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails. And as we throw it around, as we say around here, just throw your shoulders back and lead, please, leaders that don't know how to lead are not leaders.

How's that for deep? How's that for deep? That's the most profound thing I've ever heard in 48 hours.

I mean, really, you know, we put you in these positions.

God help us putting up with you politician idiots and then, ah, and, you know, God help you.

You work for one of these ossified, publicly traded companies where they just are sitting around paralyzed and frozen and will not lead.

Oh, God, it's so aggravating.

Or if you're sitting at home and you won't get a will or you're letting your kids run your house or wherever you are, vision in your life, have a vision in your life, have enough have enough care and concern about yourself to bother to lead, lead and start with a mirror.

Man Let's start with a mirror.

Set open phones at eight eight two five five two two five. Kathleen is in San Diego, California. Hi, Kathleen.

How are you? I'm good. How are you? Better than I deserve. How can I help? So we were toying with the idea of selling our home right now, because it's worth a lot more than I ever thought it could be, but I wanted your opinion on if that was a smart move or not meant to rent for a little while while we wait to see what the market does.

If you're going to stay in the area because you want to long term now, well, I'm going to talk about long term.

I'm talking about short term. If you're going to stay, then you have to believe in the area. And if you believe in the area, then you should own real estate. What is the time frame is like six to 12 months. Why is it six to 12 months? We're just actively looking to maybe go out of state exploring some transfer opportunities with careers.

OK, well, what if I don't come through?

I would be very disappointed and you'd be homeless and homeless. That's right, yes. Yeah.

You have sold your expensive California house and be living in expensive California rent. That is true. Yeah. How much of this do you want to leave? And there's something psychological about selling your house that feels like that's a couple of you don't have a job. You don't have you're trying to make an emotional move before the reality is setting in.

There's something else driving this, just the political climate or what? A lot of it's the political climate.

And honestly, I never thought I would see this dollar value for home. And so I'm worried that if I wait six months or something huge happens with the market. Yeah, I would have a hard time dealing with that loss of life, I guess.

Could have been my former. OK. Huh.

Where do you want to move? So we're exploring some other states, obviously, like the Texas, Tennessee, just kind of I mean, we spent the summer kind of traveling to see, you know, get a feel for those areas and see where we might be comfortable relocating.

I think if you're going put your home on the market, you need to turn the heat up on the transfer thing to where you activate everything in sight and you're moving in 30 days. I think you're kind of. Exploring. Tinkering with the idea and I wouldn't put my home on the market while you're doing that, I think when you move from tinkering with the idea to or move moving, let's get this transferring gear and let's start talking about it or you here's a city we're going to and you need to make some decisions if you're going to put the house a big enough decision.

But the housing market, because I'm afraid that all of that might unravel. And then you're a renter.

And all you did was maybe sell the house at the top of the market, but, you know, that's not a plan if you're going to stay there. No good point, yeah, so I think I think, you know, what you began tinkering with last summer needs to become a thing like we're really freaking doing this. And so we're going to put in our applications and we are moving to X City or Y city and we're going to depending on which place we can land with these jobs.

And we're going to go. And as soon as you start getting some feedback on that, that sounds positive from your jobs, then you put the house on the market.

Michael, thank you. Thank you. I appreciate you calling in open phones at eight eight two five five two two five. I wonder what the census is going to show. I'm really truthfully curious.

I'm not being sarcastic because it's bizarre that every third person that we meet here or that I know from Texas says that there's just this exodus east.

There's you cannot find a U-Haul truck in California really to move out. Wow. There's not any just heading out.

The the the exodus out of that state in New York as well has been in New York City as well. It may take decades to repopulate.

Wow. Some of the areas the work force is gone.

Wow. And I don't I don't know what the numbers are. I mean, anecdotally, we're we're we're seeing it everywhere. Yeah. But I mean, it's got to be in the millions. It's unbelievable how every person I talk to you hear from God to be that when we do the Census Bureau, that we're going to see that those two states have lost millions with hours.

Wow. Of people.

So can I ask you, this quest you've been in you've been in real estate for years. Does this happen every five to 10 years? No, no, no, no. Not not the exodus. I'm talking about her question about the value of my home. I can't imagine it could ever be worth this. Well, California real estate has typically gone through a cyclical thing. It goes up and burst, and every decade or so it burst. And for one reason or another, I wait obviously a lot of places, but it typically has done that.

But over the scope of your life, it's been a good investment, you know, but there's been some high points and some low points. And she may be right. She may be catching a high point here because of this exodus. Right. If the if everybody's selling and very few are buying today or we're going to see prices go down, that's that's seventh grade economics, right? Supply demand curve, we call it. Right. And so when the supply is very high and the demand is very low, prices drop right on anything.

And we have not seen that in California yet. The prices have not weakened yet. So that's why I don't that's why I'm really kind of intellectually and emotionally curious what the actual numbers are, because it feels one way feels like it's large millions of people.

But it's not been enough yet to affect the real estate market because the real estate market that I've seen has not been solved yet. We've not our LPs are not telling California LPs are not telling us where California real states are in trouble.

Wow. But at some point. Right. It'll have to be right. I mean, I don't know what the tipping point is.

And it may be certain neighborhoods are affected more than others, you know, where they've been particularly draconian on the lockdowns and stuff. And people just like, screw it, I'm out of work. Yeah, I got to go to work. I got to go feed my family. I'm out of here. I'm going to the freakin Nebraska and or something.

And they're just bailing out and.

But it's it is going to reshape the landscape and reshape the economy of the entire nation, the last time I remember something this big was the number of people that permanently left New Orleans with Katrina.

Yep, they thought they were leaving to get away from the storm, but they just never went back. And I was living in Houston and I remember. Yep, it changed the real estate market in Houston.

So we we felt it all the way into Tennessee. But and truthfully, the joke is.

But it's not a joke. It really happened. There are Cajun restaurants all over America right now because of Katrina. Huh? You know, and they really are. Yeah. And they just never went home. They went to Minneapolis and Open Cajun Restaurant one. And, you know, that's it. So that puts us out of the Dave Ramsey Show on the Bucks. Thanks, John. Thank you to the team in the booth. We'll be back with you before you know it.

In the meantime, remember, there's ultimately only one way to financial piece, and that's to walk daily with the prince of peace. Christ, Jesus. Hey, it's Kelly, associate producer and phone screener for The Dave Ramsey Show. This episode is over, but if you heard about an event, product or service, it didn't have a chance to write it down. Don't worry. We list everything you've heard about during this episode in the podcast. Show us or head to Dave Ramsey, dot com.

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