Dave Ramsey Listens As Parents Pressure 24-Year-Old Making $95K to Buy Manhattan Apartment

With the federal funds rate currently at 3.75% and the 10-year Treasury yield at 4.25%, mortgage rates are realistically in the 5.75% to 6.75% range. At those rates, a buyer in her position would face substantial monthly principal and interest payments on top of co-op maintenance fees.The caller said she could "reasonably look at anything between $300,000 to $400,000 in the city," likely a co-op. Ramsey questioned whether that budget was realistic, asking if she was looking at "400 square feet or something. ...