Dave Ramsey Trending on Twitter and Getting Torched for this ‘Unchristian’ Advice
Evangelical Financial Guru Dave Ramseyย is trending on Twitter over some recent advice he gave a Landlord who was struggling with the decision over whether or not to raise the rent on properties he owns, with the vast majority of commenters critiquing him for his “unchristian” perspective and blasting him as a greedy, uncaring capitalist that most assuredly was not giving sound advice.
The ‘caller’ noted that the market rate for the property he owns has gone up significantly, and therefore he could get a lot more out of them if he raised the rent, but was struggling over whether or not he as a Christian should do that, as it would result in several tenants being forced to leave their homes and may reflect poorly on his faith. Ramsey had this advice:
Okay, I own rental property, single family homes, among many other properties that we own. And if I raise my rent to be market rate, that does not make me a bad Christian.
I did not displace the person out of that house, if they can no longer afford it, the marketplace did. The economy did. The ratio of the income that they earned to their housing expense displaced them. I didn’t cause any of that.
And so you are not displacing them. You’re taking too much credit for what’s going on. If they need to move to a cheaper house, because they can’t afford they’re going to move to a lesser house, because if they move they’re going to pay market rent.
Ramsey later continues that on occasion he will ‘have a heart’ and in the spirit of treating other people as he would want to be treated will occasionally give people breaks if they fall under hardships and will ‘work with them’ the best he can, but when it comes to cases where people have jobs and their job income ensures that they can’t afford fair market value, then that is a different matter altogether.
Despite the wailing and gnashing of teeth from pagans and ‘christian’ progressives, we see no issue with what he is saying.
Sounds good to us.
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The rate the owner is currently charging was determined at some point in the past by market value. At that point in time there were definitely people who couldn’t afford it back then either. The critics arguments all break down at some level. Why shouldn’t all Christian owners just provide free housing, free food, free clothes for those who can’t afford it? Why is it okay to earn money off anyone at all? Who determines how much a Christian is allowed to earn? Is it only okay to break even? Make a 4% profit but not a 10% profit?
What about the other facets of Dave Ramsey’s budgetary guidance? Who knows the tenants who think they can’t afford the rent increase aren’t paying for a multitude of items that aren’t necessities? They think they can’t afford an increase in rent but maybe they have a nice cable package or buy junk food or smoke or drink alcohol or buy the latest trendy sneakers or any number of things that aren’t life necessities but yet the building owner is expected to not raise his rates? He’s expected to keep their rent low so they can potentially squander funds on other things? Maybe they do, maybe they don’t, but it’s hugely hypocritical to expect the building owner to keep with current prices. There’s no reason he couldn’t consider hardship cases on a case by case basis and grandfather in some existing rates if there is truly a need.
That’s excellent insight and makes good sense. Very nice to see.
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Carl – My thoughts on this are that Ramsey and others are quick to forget about a biblically orthodox understanding of usury, which comprises virtually every credit card, index fund and financial vehicle out there. But giving sacrificially was never in fashion.
Grace and peace.
They’ll turn right around and bash reps like Joe Manchin for being concerned about deficit spending (money printing) and inflation. They’ll call for more unnecessary regulations that drive up costs, shutting down pipelines, and so on, which drives up costs. Shut down business and fire a massive percentage of the workforce all for a virus that probably has a 99.99% survival rate, counting only those who die from the virus and not just with it – and an omicron variant that is statistically about as dangerous as the common cold – far less dangerous, in fact, than the so-called “vaccine” they’re trying to force people to take under threat of having their lives destroyed. And then turn around and wonder why the cost of living is skyrocketing relative to incomes. Hello? And the same can be said for other sorts of unnecessary spending – interventions overseas, trying to police the planet, sending billions to other countries, destroying our manufacturing base in lieu of offshoring, etc.
The Bible speaks against excessive usury. It speaks in favor of treating others fairly, particularly those who are dependent on us. The way I see it is that it would depend, and it’s between the landlord and his Maker whether or not he is treating tenants fairly. If a landlord is losing, and is in danger of going bankrupt, obviously rents need to be raised. He has a higher cost of living just like everybody else. But setting rent based solely on the market value of the house may be problematic, in my opinion. In that case it would seem that you’re less interested in making a fair return, and more interested in making your tenants buy your property for you. Property values are not always necessarily in line with inflation and cost of living. So it smells a bit fishy to me when someone makes that the measure by which they set rent. But again, I don’t know the man’s situation.
I don’t always agree with Ramsey, but I don’t see anything inherently wrong with what he said. It is good that he qualified his statements by adding the part about working with them through tough times, etc., which I believe is the right thing to do. It’s also the wise business move – because you know what the affects of inflation are, and how it puts the extreme squeeze on the poor, that they’re always the last to catch up, and that means you could possibly find yourself with empty property, massive bills, and no tenants at all for many months, if not years – so it might be much wiser, and better for all involved, to work with the tenants you have and weather the storm, if at all possible. One thing is certain, if your property ends up sitting empty for a year, you might wish you hadn’t raised the rent, if it wasn’t absolutely necessary that you did so.
Inflation always hurts the poor the most. And both parties are to blame, but the current administration has put inflationary policies on steroids. Wages for those making the least are always the last to catch up. In the meantime cost of living skyrockets while income remains stagnant. That rent problem wouldn’t exist right now, if it weren’t for all the stupid mess being done in DC, and that’s a fact.
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So much ignorance about a proper understanding of money, Ramsey first of all.
He seems to believe that our current fiat money system is legitimate, so he plays the game as though a dollar is actually worth something. When in reality, it’s fake money based on an evolutionary, godless, ponzi scheme, designed to keep control in the hands of a few elites.
Other people, like the man asking the question, have real tangible assets (rental property) and do not understand that he’s going to play the fake money game, he must raise rent to keep up with the evil inflationary actions of the FED or lose some of the value of his tangible assets when he pays taxes, does repairs etc.
Finally you have the renter, who failed to build actual value by buying a home instead of renting and is constantly losing the inflationary battle. Of course Ramsy would tell him never to borrow money to buy a house, so he’s trapped in the inflationary whirlpool.
Better to borrow money to set a fixed rate of inflation of the money(interest) while building asset value, than to flush it all down the swirling drain by paying rent.
Stupidity all around.
Look up the numerous Scriptures about just weights and measures. Fiat money is wicked, because it makes the value of an
dollar an ever moving target not tied to real actual physical assets.
Fiat money does not meet the Biblical standard for just weights and measures and is an abomination to God.
Proverbs 11:1
A false balance is an abomination to the Lord,
But a just weight is His delight.
Deuteronomy 25:15
You shall have a full and just weight; you shall have a full and just measure, that your days may be prolonged in the land which the Lord your God gives you.
Leviticus 19:36
You shall have just balances, just weights, a just ephah, and a just hin; I am the Lord your God, who brought you out from the land of Egypt.
Deuteronomy 25:13
โYou shall not have in your bag differing weights, a large and a small.
Proverbs 16:11
A just balance and scales belong to the Lord;
All the weights of the bag are His concern.
Proverbs 20:10
Differing weights and differing measures,
Both of them are abominable to the Lord.
Ezekiel 45:10
โYou shall have just balances, a just ephah and a just bath.
Micah 6:11
โCan I justify wicked scales
And a bag of deceptive weights?
Deuteronomy 25:14-15
You shall not have in your house differing measures, a large and a small. You shall have a full and just weight; you shall have a full and just measure, that your days may be prolonged in the land which the Lord your God gives you.
Tom/Ben – Amen, dear Brethren!
Thank you.
Dave is a crook. He is a greedy bastard.
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Quit calling yourself an “Evangelical,” godless sodomite – you’re fooling nobody, dumbass.
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This is a complicated question. First, as a landlord, you can’t go bankrupt or your ability to provide housing vanishes. As a Christian landlord, you must do business in a charitable way without becoming a charity and that can be a difficult road to navigate. Raising the rate to market rates probably has as much to do with the tenant as it does with the market if you’re doing it right.