The High Risk Allure of DIY Homebuilding Dave Ramsey's recent warning against a couple's plan to leave stable banking jobs and go into debt to build a house is more than just advice – it's a reminder that our society often romanticizes self sufficiency without acknowledging the risks.
Laura and her husband, for example, had spent about $2,000 on classes and exams, saved $40,000 for land, and were considering taking on debt in pursuit of creating a custom home.
However, their plan was fraught with danger, as Ramsey pointed out. The problem lies not in building a house itself but in the financing that often accompanies it.