In this episode, we discuss why your house isn't an asset, particularly when you begin to plan your retirement. The conclusion we come to is that the reason your house isn't an asset is that it doesn't produce any income. Sure, you can build wealth within your property, but you can never use it or unlock it unless you borrow against that wealth to pull the cash out to get started in property investment.
We also discuss the option of putting a minor dwelling on the back of your existing property, which you may be able to rent out in retirement, in order to turn your house into an asset.
