Rental property billionaire says buying a home (with a mortgage) is "fancy bullshit" and you should rent instead
Rental property billionaire says buying a home (with a mortgage) is "fancy bullshit" and you should rent instead
[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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A friend of mine worked in Switzerland for couple of years. It's pretty much impossible to buy anything there because everything is owned by investment founds. He worked with two Swiss guys. One got lucky and married a women that inherited a piece of land and was able to build his own house. The other one was renting. According to my friend the levels or resentment and jealousy expressed by the latter were staggering. They pretend it's a good model but in reality they know being forced to rent sucks. Don't let this model become reality in other places.
That's like saying 'don't let corporations win'. They already won, we're seeing the ramifications of that now.
Well don't let them keep winning then
This is not the reality everywhere yet. In some countries were buying is still fairly accessible you have political parties now that are pushing for this model and parties that are against it. Simply vote for the ones against it. It's not a lost cause yet.
It's a lost cause in my country, most of europe and most of the USA and Canada and all of Asia.
Not sure who you're trying to 'help' with this given that's about 50+% of the world in one sentence.
Most of the USA has pretty affordable housing actually. It's the majority of the country that exists outside of the major cities.
Inside and near the major cities is where housing is unaffordable. Elsewhere in rural USA you can still get a house for $100k.
It's doable for many of us, just have to commute to work or work remote. That's the trade off that you can still make to be a home owner.
I'm not trying to 'help' anyone. I'm just saying that people who still live in places where it's possible to buy homes (like where I live) have to watch out because a lot of politicians are trying to change it.
In Switzerland, property ownership is super hard and very low in the country.
Purchase prices keep going up, same for rent. Even when interest rates were at rock bottom the rent was ridiculous. In some cities renting is a huge challenge with very low availability and high demand. +30 people would show up to visit an apartment the second it was put out to rent and people would use networking to boost their position to get one.