'What Are You Smoking?' Dave Ramsey Blasts $130K-Income Couple After $315K Home Flip, $22K Car And 'Stupid Cars' Spiral'
Yahoo Finance·2026-01-04 20:00

A 100,000homesalegainunraveledintofinancialchaosafteracoupleusedthecashoncarsinsteadofobligations.Logan,callingfromLexington,Kentucky,contacted"TheRamseyShow"seekingclarityonthetaximpactofarecenthomesale.Hesaidheandhiswifeboughtthehousefor100,000 home sale gain unraveled into financial chaos after a couple used the cash on cars instead of obligations. Logan, calling from Lexington, Kentucky, contacted "The Ramsey Show" seeking clarity on the tax impact of a recent home sale. He said he and his wife bought the house for 315,000 and later sold it for 415,000.Hesaidthecouplewalkedawaywithabout415,000. He said the couple walked away with about 77,000 after fees, but tensions rose when 22,000oftheproceedswenttowardacarforhiswifewhilehestillowed22,000 of the proceeds went toward a car for his wife while he still owed 37,500 on his tru ...