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Full Episode
Hey guys, Dave Ramsey here. Me and Dr. John Deloney are coming to a city near you on the Money and Relationships Tour. It's happening soon, so don't wait. Get your tickets at ramseysolutions.com slash tour. Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work. that they love and create actual amazing relationships.
Rachel Cruz, Ramsey personality, number one best-selling author many times over, host of The Rachel Cruz Show and co-host of the Smart Money Happy Hour on the Ramsey Networks, and my daughter. She's my co-host today. Open phones at 888-825-5225. You jump in. We'll talk about your life and your money. Tim is with us. Tim is in Minneapolis. Hi, Tim. Welcome to The Ramsey Show.
Hey, how's it going, Dave? Thanks for having me, guys. Sure. What's up? Yeah, so, you know, long-time listener. I hear you guys talk a lot about how housing prices aren't coming down, you know, due to supply and demand. But with boomers owning, you know, almost 40% of houses in America, is that something we should expect, you know, in the next 10 to 15 years just based on life expectancy?
Well, I'm a boomer. I'm 64. My life expectancy, having made it to 64, is 90 statistically. Is it really? Yeah, statistically. You're going to be around for a while, Dave. I mean, if you make it to 60, you know. So the average male death in America right now is 76. Average female death is 78. But that includes infant mortality, teenage death, and so on.
So when you have a healthy boomer make it in, so the gradient is not 10 to 15 years. The gradient is 20 to 30 years. Got it. To which point the answer is the absorption rate will not even notice it. You won't even know it happened because the inventory shortage is far superior to that gradient.
Okay.
That make sense?
Yeah, no, that makes a lot of sense.
Literally, I'm 64, and so over the next 30 years, the boomers will die off. Roughly. Not over the next 10 years. If they were all to die in the next five years, then your question would say, okay, there's going to be a rush of supply into the market, and he could cause prices to adjust.
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