Listener Ray is wondering what to do with his home as he embarks on a nomadic, van-life journey in retirement. Should he sell it to finance his travels or retain it for potential appreciation and cash flow? James explores the nuances of home ownership as an asset versus an investment. He considers cash flow and leverage as he looks at Ray’s three options – sell, rent, or borrow – while emphasizing aligning financial decisions with personal goals and aspirations.Questions Answered:Why shouldn’t I consider my home an investment?What are the key financial considerations for retirees when deciding whether to sell, rent them out, or explore other options?Timestamps:0:00 - Ray’s question1:56 - Why a home isn’t an investment4:38 - Do you want to be a landlord?8:22 - The financials10:14 - Asset appreciation11:30 - Cashflow15:04 - Leverage19:02 - What should Ray do?20:33 - Reverse mortgage
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