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Brock's newsletter  |  April 24, 2026
 
The Big Dumb House.
Spend $100K on a kitchen, your home value goes up $100K. Money in the bank!
 
And that's true... to a point. You can add value by renovating.
 
But nobody retired early because of a third bathroom. Or new windows.
 
The financial planning mistake a lot of us make is this: we invest in a home, then we keep investing in it, and we overinvest. And the home ends up being all we have.
 
Which can still be a lot. But you can't retire inside a beautifully renovated house.
 
Paying It Off Doesn't Mean You're in the Clear
 
It used to be that a paid-off house meant you were sitting pretty.
 
But now that home insurance can run $15,000 - 20,000 a year (and for a big dumb house, well into the six figures), renovation costs have gone through the roof, and water heaters and AC units don't last half as long as they used to, even with a paid-off house, the cost of ownership has skyrocketed.
 
And on a big, dumb house with their big dumb water bills and their big dumb property taxes, those costs are exponentially larger.
 
In Conclusion, Lori is Right
 
So, can't wait for our new windows!
 
And we're probably doing the beach house the right way. I'm not actually anti-renovation and we are far from ever having a Big Dumb House.
 
I just don't want to confuse building wealth with quality of life. Try to do both.

 

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