The reason for the homelessness epidemic across this country? Dave Ramsey?

[VirtualLarry]

MSN

As evidenced by this article, Dave Ramsey's advice to never get a CC, never take out a student loan, never get into debt, ever, results in people reaching adulthood, without a credit score, and being DENIED the ability to get a home. Multiply this out by his huge audience, and voila, a housing crisis in the making.

What do YOU think? Am I on to something here (and the linked article)? Should we try to silence Dave Ramsey's advice and radio show, in order to solve the homeless crisis?

 

[Brainonska511]

Want to solve the homeless crisis? Build more housing of all types in the places people want to live and where there are the jobs. And for those that have mental or substance abuse issues, which is just a fraction of all homeless people, increase social support services to help them get and stay in housing.

The biggest driver in homelessness is housing costs, and the biggest driver of that cost is a lack of supply in the places people want to live.

 

[VirtualLarry]

Want to solve the homeless crisis? Build more housing of all types in the places people want to live and where there are the jobs. And for those that have mental or substance abuse issues, which is just a fraction of all homeless people, increase social support services to help them get and stay in housing.

Whoosh. This is not an all-purpose thread about solving homelessness, just a thought exercise in extrapolating from the linked article, about that individual case where "listening to Dave Ramsey's advice" would have left the people without a home.

Therefore, I just extrapolated out the premise, to be behind the entire cause of homelessness.

Do you agree or disagree, and why?

 

[Brainonska511]

Whoosh. This is not an all-purpose thread about solving homelessness, just a thought exercise in extrapolating from the linked article, about that individual case where "listening to Dave Ramsey's advice" would have left the people without a home.

Therefore, I just extrapolated out the premise, to be behind the entire cause of homelessness.

Do you agree or disagree, and why?

I basically outlined why I would disagree with such a premise. Most people probably have never heard of Dave Ramsey, and debt or no debt, long credit history or no credit history are not the primary issues at play as to why people are homeless or housing insecure.

 

[VirtualLarry]

So you think that Dave Ramsey's advice to never get into debt, never getting a credit score in the process, does not significantly contribute to the homelessness crisis.

 

[brianmanahan]

are you talking about homelessness as living on the streets, or homelessness as renting instead of owning?

almost everyone uses the first definition, not the second.

i highly doubt dave ramsey's advice has any affect on homelessness (the normal definition).

his advice is generally suboptimal from a financial standpoint, but the situation of people following him is generally much different than the situation of people who are homeless.

 

[VirtualLarry]

are you talking about homelessness as living on the streets, or homelessness as renting instead of owning?

Talking about inability to own a home. Although, it's not unreasonable to consider not being able to be allowed to rent, either, and be out on the streets, with only cash in your pocket and no credit history.

 

[Brainonska511]

are you talking about homelessness as living on the streets, or homelessness as renting instead of owning?

almost everyone uses the first definition, not the second.

i highly doubt dave ramsey's advice has any affect on homelessness (the normal definition).

his advice is generally suboptimal from a financial standpoint, but the situation of people following him is generally much different than the situation of people who are homeless.

Also, nothing wrong with renting. Some people don't want the burden of owning a home, which also includes being more tied down to an area if you get a job somewhere else.

 

[akenbennu]

are you talking about homelessness as living on the streets, or homelessness as renting instead of owning?

almost everyone uses the first definition, not the second.

i highly doubt dave ramsey's advice has any affect on homelessness (the normal definition).

his advice is generally suboptimal from a financial standpoint, but the situation of people following him is generally much different than the situation of people who are homeless.

Yep. Dave's advice is geared to people who don't have a lot of money and who aren't good at managing it.

 

[purbeast0]

Not using a credit card would be dumb af.

I love using cc's because I love flying for free with a family of four.

Ramsey would hate how my wife and I churn through credit cards.

 

[SKORPI0]

10 Root Causes of Homelessness

Housing is a human right, but millions lack this basic right. According to a 2005 global survey, over 1.5 billion people don’t have “adequate” housing. It’s difficult to identify more precise numbers because countries have different definitions of “homelessness.” Tracking the issue is also...

www.humanrightscareers.com

Facts & Statistics About Homelessness- Family Gateway

Learn more about homelessness by reading these facts and statistics provided by The Bassuk Center on Homeless and Vulnerable Children & Youth

familygateway.org

 

[brianmanahan]

Also, nothing wrong with renting. Some people don't want the burden of owning a home, which also includes being more tied down to an area if you get a job somewhere else.

i have hated not being able to buy a house in the past 10 years

but changing jobs multiple times and unexpectedly not being able to drive a couple times would've made a house a real problem

 

[nakedfrog]

In fairness to Ramsey, he does not completely condemn mortgages the way he does other types of debt. He even recommends a mortgage company that offers no-credit approval if you meet other requirements. But these requirements include a 20% down payment and a 15-year term instead of a 30-year term, increasing your monthly payment. And then, even while making a higher mortgage payment, Ramsey advises that your housing costs (including utilities, taxes, and HOA fees) should not exceed 25% of your monthly take-home pay.

LOL, good fucking luck with that in 2023. It's not the 1970s anymore, Ramsey. But no, I think Ramsey's show probably applies to an insignificant portion of people who are unable to buy a home, and I disagree with advising against credit cards completely versus responsible credit card usage.

 

[Red Squirrel]

I mostly agree with his approach of avoiding debt but in some cases he is a little too extreme imo. I think it's good to have debt available to you, just don't abuse it. I got my first CC at 18, but I always paid it off right away. Got my house at 23 and my credit was more than good enough to get a mortgage even without co signer. I had saved up so I can do a decent down payment, and buy furniture etc as well. Right now I kinda go against my philosophy as I've had a balance on my credit line for several years now after buying my truck, then my off grid land, but slowly paying that off and trying to prioritize that. Once it's paid off I'll try to raise my mortgage payment.

 

[NutBucket]

Without risk there is no reward....

But "stupid" debt is always a bad idea.

 

[Meghan54]

So you think that Dave Ramsey's advice to never get into debt, never getting a credit score in the process, does not significantly contribute to the homelessness crisis.

Nope. Not in any way significantly.

 

[sdifox]

So you think that Dave Ramsey's advice to never get into debt, never getting a credit score in the process, does not significantly contribute to the homelessness crisis.

Nope.

 

[pete6032]

So you think that Dave Ramsey's advice to never get into debt, never getting a credit score in the process, does not significantly contribute to the homelessness crisis.

No. Do you think homeless people are just hanging around listening to Dave Ramsey all day? Have you ever had a homeless person come up to you on the street and tell you they made a bad decision by following Dave Ramsey's advice and they need $10 for a meal and gas?

 

[NutBucket]

So you think that Dave Ramsey's advice to never get into debt, never getting a credit score in the process, does not significantly contribute to the homelessness crisis.

Absolutely not.

Besides, nobody actually follows that advice 100%. His advice is used to get out of debt...and for that it is effective.

 

[Fanatical Meat]

Want to solve the homeless crisis? Build more housing of all types in the places people want to live and where there are the jobs. And for those that have mental or substance abuse issues, which is just a fraction of all homeless people, increase social support services to help them get and stay in housing.

The biggest driver in homelessness is housing costs, and the biggest driver of that cost is a lack of supply in the places people want to live.

I do not completely agree. Huge driver in homelessness is substance or drug abuse.
At least in Boston a large percentage of homeless avoid shelters because to enter they need to surrender their booze or drugs. They chose to sleep outside rather than surrender their “stuff”.
Addicts brains are wired weird and they make really poor decisions regarding things like this.
Sure having housing would help however the second you put any rules on what can be done in that housing it will lead to people on the street.
Point is homelessness is far more than housing or jobs.

 

[Pohemi]

Talking about inability to own a home. Although, it's not unreasonable to consider not being able to be allowed to rent, either, and be out on the streets, with only cash in your pocket and no credit history.

Homelessness isn't not being able to purchase a house, it means not even having a roof over your head or your own residence.

Couch-hopping between friends and family? That's homeless. Living out of a car/van? That'd be homeless too. Only being able to rent a small studio apartment? That's NOT homeless..

Honestly, where did this definition come from?
(Not ragging on you, but I've never heard anyone define 'homeless' as that)

 

[Brainonska511]

I do not completely agree. Huge driver in homelessness is substance or drug abuse.
At least in Boston a large percentage of homeless avoid shelters because to enter they need to surrender their booze or drugs. They chose to sleep outside rather than surrender their “stuff”.
Addicts brains are wired weird and they make really poor decisions regarding things like this.
Sure having housing would help however the second you put any rules on what can be done in that housing it will lead to people on the street.
Point is homelessness is far more than housing or jobs.

It's easier to treat substance abuse issues when you can have housing. We instead banned SROs and create arcane rules that serve only to keep people outside. Give them a place to call home and keep some stuff, and staff it with counselors.

We need only look at states ravaged by the opioid crisis to see that substance abuse issues are not driving homelessness: the rates of homelessness are far lower there, because housing is cheap and abundant relative to the populations of those places

 

[Captante]

Whoosh. This is not an all-purpose thread about solving homelessness, just a thought exercise in extrapolating from the linked article, about that individual case where "listening to Dave Ramsey's advice" would have left the people without a home.

Therefore, I just extrapolated out the premise, to be behind the entire cause of homelessness.

Do you agree or disagree, and why?

I disagree because MOST people don't even know who this "Dave Ramsey" character even is without Googling him lol (including me), and the majority of those that could pick him out of a line-up are too dumb to bother listening to "financial advice" anyway.

1000x more people screw themselves over WITH CC debt then the reverse.

America is rapidly devolving into one giant scam designed to separate normal working people like me and you from our money and our freedoms.

 

[Captante]

Talking about inability to own a home. Although, it's not unreasonable to consider not being able to be allowed to rent, either, and be out on the streets, with only cash in your pocket and no credit history.

If you're raising these points simply to spur debate that's one thing .... however if you genuinely believe "lack of credit" is driving homelessness in America in any significant way you need to get out more bro.

If you have the money to pay for it you can find a place to live in America and if not then you cannot. Yes it IS that simple.

We. Need. More. Affordable housing !!!!!!!!!

 

[VirtualLarry]

If you're raising these points simply to spur debate that's one thing .... however if you genuinely believe "lack of credit" is driving homelessness in America in any significant way you need to get out more bro.

Yes, and no.

Just wait until they implement social credit scoring... then what you post on forums may actually render you homeless and unemployable.