Dave Ramsey Doubts He'd Buy Property In New York City Under The Current Mayor. 'Something That Was Completely Freaking Crazy Has Been Normalized'

March 16, 2026 - 00:11

Personal finance personality Dave Ramsey has expressed serious doubts about purchasing property in New York City under the current administration, citing a climate of political and regulatory uncertainty. He suggests that the investment calculus for the iconic market has shifted dramatically.

Ramsey pointed to specific housing policies, including aspects of the city's right-to-shelter mandate, as factors contributing to his apprehension. He framed his concern around a broader normalization of what he considers unsound fiscal or governance principles. “Something that was completely freaking crazy has been normalized,” Ramsey stated, alluding to recent city policies without delving into specific details.

His comments highlight a growing wariness among some investors regarding major urban markets where perceived instability in leadership or abrupt regulatory changes could impact property values and livability. Ramsey, known for his debt-averse and conservative investment philosophy, emphasized that such uncertainty would be a significant factor in his decision-making process. For now, he implies that the risks in the five boroughs appear to outweigh the potential rewards for his portfolio, advocating for extreme caution until the long-term direction of the city's governance becomes clearer.