From Yahoo Finance: 2025-05-31 09:59:00

Financial guru Dave Ramsey advises against taking out more than a 15-year mortgage and keeping mortgage payments under 25% of take-home pay. However, with rising housing prices, many may struggle to afford a home following his rules. Even in Mississippi, the most affordable state, the average household falls short of Ramsey’s guidelines. Critics suggest using his rules as goals rather than strict requirements. Ramsey’s advice aims to promote responsible wealth-building, but flexibility may be needed in today’s economy.



Read more at Yahoo Finance: Is Dave Ramsey’s Home Buying Advice Realistic For The Average Homeowner?