The Ramsey Show Highlights My Girlfriend And I Are Building A $700,000 House (We Only Make $70k)
Dec 3, 2025
Joseph and his girlfriend, a young engaged couple, call in to discuss their ambitious plan of building a $700,000 house on their combined $70,000 income. They share hopes of living rent-free with parents during construction, but hosts challenge the feasibility. Crucial advice is given on the risks of 'house poor' status and the need for careful financial planning. Hosts stress the importance of getting married before buying and suggest focusing on increasing income and savings first to reduce financial strain.
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Don't Buy A House Before Commitment
- Do not sign a mortgage or put your names on a deed before engagement or marriage.
- Delay home purchase decisions until your relationship and legal commitments are settled.
Avoid A Mortgage That Eats Half Your Income
- Avoid taking a mortgage that will consume ~50% of your take-home pay.
- Aim for a house payment that leaves room for other savings and living expenses.
Callers' $700K Custom Build Plan
- The callers plan a $700k custom build in the suburbs to avoid maintenance and plan for kids.
- They expect to put $100–130k down plus in-laws matching to reach ~$260k down.