"Dave Ramsey Warns Homeowners on the 'Stupid' Risks of HELOC Trends"

Dave Ramsey, a personal finance expert, warns against using Home Equity Lines of Credit (HELOCs) for investments or debt payments, calling it a "stupid" housing trend. He outlines six major risks: potential loss of home, increased stress, variable interest rates that could rise, remaining in debt, owing more than anticipated, and relying on HELOCs instead of building an emergency fund. Ramsey advocates for a debt-free lifestyle and emphasizes the importance of having an emergency fund over using HELOCs as a financial safety net.