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)

230

You are viewing a single comment

Spoken like someone who has never had a surprise maintenance issue pop up unexpectedly that costs multiple times your monthly mortgage.

fuck are you talking about? you don't know anything about me or my house. every house, especially old ones like my late 1800s cottage, needs major repairs. people on the internet making presumptions, so nice to be here.

True, you need to be able to afford to home while you're living in it, but you make all of that up and more when you sell the property.

Also, your "costs multiple times your monthly mortgage" comment is a rare thing. Usually its just a couple of hundred dollars type of repair, and its a few times in a year.