Rental property billionaire says buying a home (with a mortgage) is "fancy bullshit" and you should rent instead

restingboredface@sh.itjust.works to News@lemmy.world – 478 points –

[Mortgage Is 'Just A Fancy Bullsh*t Word For Paying Rent For 30 Years To The Bank,' Says Real Estate Billionaire Grant Cardone — Here's Why Renting Could Be A Better Financial Move

](https://finance.yahoo.com/news/mortgage-just-fancy-bullsh-t-171148202.html?guccounter=1)

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I hate to tell you this, bud, but one day, you're going to die. You can't take that house with you. Use your money to travel, and live.

Same for that landlord, he can't bring the profit he made. I'd rather make sure the money stays in my pocket than his.

Either I spend the money to pay the mortgage or to pay a rent, I'd rather have something I can live in and pass along to my kids.

I traveled quite a bit already, both for leisure and for work before settling down to have a family.

Yeah! Once you've spent all your money traveling you can just sell your.. oh wait.

And you're still going to die. Live doing what you want to do, or on your knees in debt before the bank. Your choice.

More like:

Live on your knees past retirement age or take out an early 9mm retirement plan before you're too old to work.