Real estate mogul Grant Cardone advises young people under 30 not to buy homes due to high costs and suggests renting for flexibility.
Real estate mogul Grant Cardone discourages young people (under 30) from buying homes, citing the financial burden of the average home costing $436K with an annual outlay of $50K. He suggests renting offers flexibility and no long-term commitment. Cardone's views don't rule out real estate investment; alternatives include Real Estate Investment Trusts (REITs), crowdfunding, and exchange-traded funds (ETFs).
June 09, 2024
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