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I’ve done this twice and one house I’m still living in and it’s raise the value with help of inflation 200,000

I retired, as a finish carpenter at 61 yrs old, to renovate our fixer upper, 18 months later, it’s nearly perfect, and worth about 150k more. Now I’m bored!

Better to live within your own means. It is much better to never, borrow money from a bank, especially leveraging your house, with the possibility of becoming homeless as a result, of getting a home equity something. It is only good, to use credit cards to get the cash back, not to borrow money you don't already have, in the bank. That way you use the bank, and the bank does not use you. There are rare circumstances when borrowing may be your only reasonable option, but usually never. Borrowing very usually bad, the most reckless option.

This advice is about 5 years too late. Rates and home prices are now too high for mortgage payments on the average home to have any chance of being lower than comparable rents in 90+% of the country, and the average home now requires *over double the median household income* to even qualify for a mortgage on. Only the upper quartile of income earners are even buying homes as a primary residence; the rest are investors buying homes as rental properties, and financial firms buying them for speculative purposes or as a hedge against inflation. The market remains hot with price corrections in overbought markets being staved off only by supply conditions being so tight that a even a much smaller pool of buyers are still climbing over each other to continue to bid prices up on the slow trickle of eligible properties hitting the MLS. Supply can't catch up in terms of demographic turnover because the retirement generation, rather than downsizing to condos, apartments, or smaller homes in adherence with previous generational trends, are not selling due to the fact that a majority of their net worth is tied up in the form of their overinflated homes while their fixed incomes have been rendered insufficient to support a desirable lifestyle due to monetary and price inflation throughout the rest of the economy, making them all want to subsist on escalating HELOC borrowing to cover their retirement spending while hoping that their home's value continues to rise to offset the borrowing. Supply can't catch up from a production standpoint because hyper-restrictive zoning laws, building codes, and inefficient bureaucracy, in combination with monetary inflation's effects on the costs of labor and building materials conspire to prevent the creation of new affordable high density housing where it's most needed, and have also shunted most of the investment in new construction homes for the past several years to crowd around overbought major metro markets in hopes of maximizing RoE, causing bubbles in these markets that have now begun to burst leaving large swathes of inventory unsold and unoccupied yet wildly overpriced relative to the local market and doing nothing to help first time home buyers.

Good advice. A home is a true investment. If you're handy, all the better.

Wtf it's not even something that interest me

This is clearly a fake podcast

Why would you want to though? Stock market grows at avg 10% while real estate grows avg of less than 5%

Looks Awesome Kelly!!! Can't wait to see it in person.