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Yeah, gonna call bullshit.
Bought this house 3 years ago, and my mortgage payment is half of what a comparable house would cost to rent. Mortgage payment includes property taxes and homeowners insurance. Plus I'll own it in 12 more years and can already use it as equity.
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People are aware that you don't have to live in a house for 30 years if you get a 30 year mortgage, right? That hasn't been a thing since the 80s.
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"Debt incumbent home owners don't go on strike"
He's not exactly wrong. If you have a mortgage, you do not really "own" anything and essentially have a "landlord" through your lender.
You may not just be mad at renting/landlordism. Your ire may be for the generalized concept of private property.
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Grant cardone is one of the slimiest cunts in the billionaire class, and that's a high bar
You can safely discount anything he says, because it is always self-serving
It’s the Catalina wine mixer
He's right as far as mortgages go, which is one of the most abusive financial albatrosses a person can wear. Nobody tells people that they're going to actually pay 3 to 4 times the amount they bought the house for when they sign the papers.
But where does he even get the idea that rent is less than a mortgage at this point? That's sure not what it looks like to me.
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this post was submitted on 09 Dec 2023
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