Why would someone listen to Dave Ramsey of all people? He is neither an economist, nor a Christian, he has nothing to contribute to the subject!
His shtick is real estate investment, of course he wants to see Joe Public buy a starter home. The trouble is: real estate as a government-guaranteed investment vehicle is what brought us the housing affordability crisis.
> nor a Christian
... what bearing does that have on anything?
His "schtick" is having people pay down and reduce debt. What's noteworthy on this video is that he's calling for the government to fix the problem. He's normally anti-government involvement in business. This should speak to the severity of the problem when someone like him is calling for the government to step in a fix it.