264: Why A House Is Not An Investment
The Cardone Zone
Grant Cardone
4.8 • 4.1K Ratings
🗓️ 26 May 2017
⏱️ 40 minutes
🔗️ Recording | iTunes | RSS
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Summary
Should you buy a house? What would you do if I told you a house is a terrible investment? Buying a house makes you lose mobility and during the last 100 years, adjusted for inflation, the average home has gone up 1%. If it doesn't make you money don't buy it. The U.S. Census Bureau came out with a new report showing the fastest growing cities in America with cities in the south—specifically Texas and Florida—growing at the fastest rate. You need to be in a position to be able to move where the money is.
1)Houses are a bad investment
2)Buy things that make you money
3)A house is a liability
4)You need to have the ability to move quickly to follow opportunity
I talk in black and white terms a lot, so keep in mind there are always exceptions to rules—but don't go and buy a home!
Transcript
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| 0:00.0 | administered for a fully satisfying song. |
| 0:29.0 | Come to the Cardone Zone. |
| 0:30.8 | My name's Grant Cardone, every Friday 12 PM. |
| 0:33.5 | Eastern Standard Time, I come to you to talk about |
| 0:36.5 | business, career, finances. |
| 0:39.6 | I'm trying to help you avoid the mistakes that I made. |
| 0:43.0 | I'm trying to show you things that work for other people, |
| 0:45.0 | including myself. |
| 0:46.4 | If I know what I'm talking about, |
| 0:47.7 | I will answer your question. |
| 0:48.9 | If I don't, I will recommend you to someone |
| 0:52.0 | that can tell you what to do. |
| 0:54.1 | I am not the person to get advice from about sports. |
| 1:02.0 | Or gambling. |
| 1:03.3 | I am a low-risk, coward, when it comes to finance. |
| 1:10.6 | I like share deals, guarantee deals. |
| 1:16.7 | I do not like losing money. |
| 1:19.8 | However, for 25 years, |
| 1:22.8 | I took the advice of my parents who were both |
| 1:25.7 | came from the lower middle class or really lower class, |
| 1:28.8 | made it into the middle class. |
| 1:30.2 | I tried to use their strategies for 25 years. |
... |
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