10.30.20 How to pick a contractor when renovating; Clark Stinks

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 30 October 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

People are spending meaningful amounts of money to renovate their homes now. Clark talks about how to proceed and what to look for when you're vetting contractors. Kim and Joel share the Clark Stinks posted on the web and share with Clark. Submit yours to: Clark.com/ClarkStinks. Want more money advice? Sign up for Clark’s free daily newsletter! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:26.6	Not investment advice, crypto trading involves risk of loss.
0:30.2	It's my pleasure to welcome you here at the Clark Howard Show,
0:39.2	where it's about you learning ways to save more and spend less.
0:42.9	And don't let anyone ever rip you off.
0:46.2	Home prices around the country have gone up over the last year on average,
0:54.8	about 5.5%.
0:57.5	The case shiller index, which is considered to be the most authoritative on home prices,
1:04.5	finds that the actual number they came up with is 5.7% over the last year.
1:11.6	So significantly more than the rate of inflation,
1:14.6	obviously much more than people's incomes have grown over the last year.
1:18.8	And if you go back to the low point of the housing bust,
1:23.2	which was eight years ago, home prices around the country have gone up 80 to 100%
1:30.8	from where they were just eight years ago,
1:34.6	that has dramatically affected affordability of homes for so many people.
	...

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