279: Why a House is NOT a Good Investment
The Cardone Zone
Grant Cardone
4.8 • 4.1K Ratings
🗓️ 29 September 2017
⏱️ 40 minutes
🧾️ Download transcript
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 | EASY GUITAR |
| 0:06.3 | Talk about revelation |
| 0:10.6 | FANTASY GUITAR |
| 0:13.9 | PPE |
| 0:16.1 | コ Dreamland |
| 0:17.6 | coolest |
| 0:19.3 | ञ� diagnose |
| 0:20.8 | Confirmation |
| 0:23.0 | Confirmation |
| 0:25.6 | Confirmation |
| 0:28.5 | Welcome to the Cardone Zone. |
| 0:30.8 | My name's Grant Cardone, every Friday 12 p.m. |
| 0:33.5 | Eastern Standard Time. |
| 0:34.6 | I come to you to talk about business, career, finances. |
| 0:39.5 | 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 |
| 0:51.9 | that can tell you what to do. |
| 0:54.0 | I am not the person to get advice from about sports or gambling. |
... |
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