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@xxmobstrxx8535
What people don’t understand is he’s saying rent your home while you build up your income. if the home wont produce income then don’t buy it is what he means.
@d122376
Get a duplex home .
@user-dr9gs6wh1k
I always knew this was the dumbest take but I really hope Covid showed you guys the REAL LIFE and extreme replications of thinking his advice somehow applies to you or really anybody regardless of net worth. The landlords don’t give a flying fuck about you please OWN YOUR WALLS
@judethree4405
Where’d he get 12% broker fee from. Buyers usually pay between 2-5%
@Bobthebuilder-gn8ur
This grant Cardone guy is one of the biggest scammers one of the biggest liars you’ll ever meet in your life. Anytime you see him speak do not take his advice. Trust me.
@CrimzinEclipse2010
It’s somewhat possible that the guy who owns roughly $3 billion in real estate assets worldwide, might have an ulterior motive for telling you to not buy a house.
@arijitpanda7321
Where isnthe broker fees 12 percent. You don't pay anything when you buy.
@CebuRealEstateForSale2024
Nice tip
@YouAreNotThatGuy4844
The only people who say "don't buy a house" are multi millionaires who won't ever end up in the streets. They see houses as a mere investment, not a place to live. These people live in a different world and simply will never understand.
@dhrubo9140
Lol 😂 sell that house
@CRA404462
It is different depending where you live
@afterdark6822
The key is to rent a cheap apartment not some luxury place for $2,800 a month.
@mauricesmith3608
Smart money move wise it’s better to buy a condo or live in a suite?
@Amiralishaikh_.
Bullsh*t
@michaelhorn8962
Right. We should all just keep paying rent, and NEVER having anything we can grow equity in for the future.
I guarantee this guy is heavily invested in rental property
@appleztooranges
Agreed 100%. After paying house off at 31
@ohmy...9007
Buying a house u can comfortably afford and living in it for a substantial amount of time can be one of the greatest financial decisions you make
@119Agent
This works until the market tanks and your passive income dries up but the bank still wants their mortgage payments.
@zm14705
Buying a home now is worse than setting money on fire, as you will owe a lot more than it is worth and not get the original amount out. No… Setting it on fire or buying rides on private jets is actually worth more than real estate these days.
@Entrepreneurusa
Yes 🙌
@Entrepreneurusa
Poor peoples own a house and work hard to pay the mortgage and get stock in that same boring life , rich peoples don’t get attached they invest into assets that generate cash flow and keep growing toward freedom , that’s the difference . Owning a home and not being able to move on when you need to grow is the biggest trap as the years go by , taxes going up , insurance going up , maintenance is insane now and repair costs , and shit might even loose value if real estate crash .
@BD-qq4fn
Owning a home is about stability, raising a family, making memories that are permanent….not transient while renting. This guy is a salesman….that’s it, nothing else.
@CarniverousMiscreant
YOU FORGET IF YOU DONT OWN A HOUSE YOU PAY RENT MORON
@AmanSS890
Don’t buy a house rent out his apartments 🙄of course he will
Say buying a house is a bad investment 😅 for most people buying a house is how there networth went up they buy the house refinance the property after 2 years and buy a second house and rent that second house and later repeat the same thing. Buying a house is not a bad move don’t listen to him. You can also rent out the basement to help with the mortgage payment. When rates are low that’s time time to buy a house your months mortgage will also be low
@catmatiskam7092
Talking about not buying a house, while he owns houses.
@mike2959
Before everyone flips out about his comment on the 12% broker fees.
Look at your settlement statement when you bought.
Then look at your settlement statement when YOU SELL.
All the costs of those 2 transaction ARE between 10% and 14%.
Not just the agents commission.
Title fees. Appraisals. County taxes. The list is huge.
And at $576K you ARE getting drilled for 30K
Then you sell at 900K. You get drilled for 54K.
You have over 80K just in fees.
Over 10 years
20K in real estate tax
15K in maintenance
And how much in INTEREST!?!
300K +++
You MIGHT break even.
@poundedlizard
Horrific advice
@abrahamklafter9083
What if I don't want to buy a car, or a watch, or a lampshade, or whatever else and I WANT to buy a home
@JohnnyGat-ym4yh
His dumbass self started off by saying dont buy a house and ends it with buy a house.
@KoRn_Boi
Don’t take advice about where to live from a landlord.
@tylerwirtz124
Who said you have to buy such an expensive house too, buying an affordable house with the mortgage being cheaper than rent is the best way to go
@alex5308
The numbers are a little exaggerated but he is absolutely right. Don’t be to proud to listen.
@melthompson8928
Buy house do nothing for 5 years, sell triple price, welcome to Australia 😂
@TheDiaryofDaniel
😂😂 He’s using 30-year interest totals for a 10-year scenario, which is misleading. His calculations are waaaayyyyy off.✌️
@ryaniam22
This guy is a weasel grifter. Like nearly all billionaires
@mikelindner2646
I agree with him if you have the discipline to do this. 90% of Americans don’t, so buying a home you live in is still a good investment for people who aren’t good at saving.
@sanchoramirez8357
Hah? Don't buy house but rent the one your in. But I'm renting it? 😂😂😂😂😂 should teach this in school….
@inattentioneconomy
Okay. I guess I'll just rent forever and never get anything back.
@jdz1921
Not true
@RickDohe
A house is not an investment. He didn’t even include Home Owners Insurance which increases as the house increases in value. He also didn’t factor in maintenance and property taxes also increase as a house increases in value. Then their utilities which will be at least a few hundred dollars per month. He’s right.
@travisschwartz3397
Build a house instead
@kantorzoltan941
This is right you own a house but iff don't use it you don't rent it you hev hev too pay for water end other stuff wher I stay cu can not rent the house the government take your all money iff you rent it so what is suppose too doo whit this house? 😂😂😂😂😂
@ChefBryDurag
Bruh when he first started he told everyone to buy a house lolll shill
@featheredfriend3337
Blackrock plant? I cant even finish watching this
@Constitutionalrevival
This is shit advice.
@80PercentAshamedOfU
Buying a house isn’t supposed to be an investment. It’s supposed to be so you and your family have a nice, safe place to live. Housing has become corporatized. This is why we’re in this mess now.
@Mohammed-e7z6f
Big lair Big
@vb9928
they have a mortgage house because they can afford to work like a dog