The Ramsey Show Highlights I'm $70,000 Upside Down On My House!
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Feb 18, 2026 Caller wrestles with being $70,000 underwater on a house while eyeing a lower-paying federal law enforcement job out of state. They discuss using savings, paid training, and short-term housing plans. The conversation weighs timing the housing market, career passion versus pay cut, and the impact on a long-term relationship.
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Bought High, Now Underwater
- The caller bought a house two years ago at a high market price and is now about $70,000 underwater.
- They have significant stocks (~$110,000) and ~$12,000 cash but dislike using savings to cover the loss.
Consider Paying The Loss If You Must Move
- John Delony points out the caller could pay the $70,000 difference with savings if they choose to sell.
- He asks why the caller would move for a job that pays less, prompting reevaluation of the decision.
Big Pay Cut For A Dream Job
- The caller is a software developer earning ~$160k base and ~$210k total including $50k in stocks.
- The federal law enforcement job would start in the high $80k range and top out below current earnings (~$190k max).