Expert warns US is 'entering greatest real estate correction' in his lifetime
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- čas přidán 16. 12. 2023
- Private equity fund manager Grant Cardone joined 'FOX & Friends' to discuss current struggles with the housing market and the impact interest rates have on consumers.
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Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
My CFA ’’Colleen Rose Mccaffery’’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Colleen.
Pass the bill making it illegal for corporations to buy residential homes already! They are artificially inflating and manipulating the market.
The bill introduced by Democrat Adam Smith of Oregon?
I think you nailed it. 👍🏼
Say that to Don Trump and see his eyes bulge!
The only way for the Government to keep getting more property tax dollars without you voting on it is to artificially inflate the price.
That's racist
Opinions on the market diverge; some claim overvaluation due to rapid gains, while others cite strong economic fundamentals justifying high valuations. Raises concern for my $600K equities going 8% up and 20% down. Should i hold on or sell off my positions and hold cash?.
In fact, markets have incorrectly priced in such a pivot six times over the last two years, according to Deutsche Bank, which sounded cautious about this seventh time. Still showing us why pointers from market experts are essential.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1M in returns on investments.
That's incredible! What did you invest in? I'm really interested in this, because I'm in a similar position at the moment. more info needed please
’Melissa Jean Taligdan’ is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
Agreed. I deal with an investment advisor for this reason. I currently have over $800k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons. Our current project for this year is a more concrete ballpark target.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Grant is the last person that should be considered an expert.
LOL
Bc ur the first right gtf lmaooo
Go back to your video games
Ya he’s only bought and sold billions worth of real estate you MAGA dope
Let me guess, all you clowns are the bots Scientology paid to have you comment how great Cardone is. Woohoo! Scientology! We ❤ cults! Yay Cardone!
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
I won't pretend to know everything, though. Her name is Vivian Carol Gioia but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
The only way the US has a major correction in the real estate market is if we have major continued mass unemployment. Until that happens, prices won’t really come down.
^ This guy .... Listen to him way before you ever listen to Grant Cardone lol.
The looming crash of 2008 was propped up by the Fed and the Taxpayers bailing out the banks which should have been allowed to fail (actually the Mortgage backed securities would have failed). Instead BlackRock and other institutions bought up the houses with money given to them by the Fed and turned them into rentals.
The problem today is most people always think that, you only need a good job to get rich... These millionaires are operating on a whole other playbook that many don't know exists
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investment...
Money invested is far better than money saved, when you invest it gives you an opportunity to increase your financial worth
It's remarkable how long term advantage people like us have gotten trying to be consistently not stupid, instead of trying to be very intelligent
I keep seeing how lots of people testify about how they make money from stocks, Forex and crypto currencies (BTC) and i wonder why i keep losing.. Can anyone help me out or at least advise me on what to do 🙏.
The wisest thing that should be on everyone's mind currently should be to invest in different streams of income that doesn't depend on government paycheck. Especially with the current economic crisis around the world , this is still a time to invest in Stocks, Forex and Digital currencies
As a beginner, educate yourself: Learn the basics of investing in real estate and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
Certainly true. My $550K portfolio was diversified across several markets with the assistance of an investment advisor, and in a matter of months, I was able to generate over $950K in net profit from high dividend paying stocks, bonds, and ETFs.
Please can you leave the info of your investment advisor here? I’m in dire need for one.
Linda Aretha Reeves is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for the lead. I looked her up and sent her an email. I hope she responds to me soon.
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
My CFA ’Margaret Johnson Arndt’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
While investors are preparing to celebrate next year's soft landing, economic data doesn't appear to be cooperating, I’ve heard testimonies of people accruing over $250k this red period. What measures can I take to ensure this?
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
Very true. Despite having no prior investing knowledge, I started investing after the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
Very true. Despite having no prior investing knowledge, I started investing after the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
Absolutely! Despite my lack of prior investing knowledge, I started investing after the pandemic and managed to make a profit of around $950k in that same year. Truth be told, I was simply following professional advice.
How do I find this financial counselor ?
I recommend diversifying your investments by considering stocks alongside real estate. During a recession, there are potential buying opportunities in the stock market if approached cautiously. Additionally, market volatility can offer short-term buying and selling opportunities. However, please note that this is not financial advice. It's important to be proactive in investing as cash may not be the most advantageous option during these times.
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $5 million in returns on invest-ments.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind
Melissa Maureen Ward is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
*I'm favoured, $63K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America🇺🇸.*
Thanks to Sarah Martinez, she helped me reach this milestone.
She's a licensed broker here in the states.
You trade with Sarah Martinez too? that woman has been a blessing to me and my family lately.
just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills.
Successful people don't become that way overnight. What most people see as wealth, a great career, purpose is the result of hard work.💰💰🤑🤑
This guy is straight up telling everyone to move into his apartment complex and give him money for the rest of their lives rather than invest in a home. Ban corporations from buying homes!
He aint fooling me. I flip houses for a living an were on fire! Im not saying itll alwayz be this good but were doing great!
Apartment complex raised the rent on 2020. Now I am not able to pay for an apartment anymore and actually paying for a small room at 70% from my SSA check, shared bathroom and microwave!
Who is saying that, not Grant. Grant is just saying what he’s seeing…
Fox's hero.
When I tweet comes down homesgoup.
People like him is why we are in this mess.
Guys who get money for doing absolutely nothing are the problem. He could be one of the many.
thugs. he is "right" the fed should only be printing money and give it to them for free, and then print some more and lower rates even more, until BlackRock and the rest will finish buying all here is on the markets and you'll own nothing and be happy to pay rent. funny how nobody complained about rates at zero for so long, but now when the rates reverted to some normal levels everyone is screaming. as long as the FED manipulated rates by keeping them low for a decade, he was not complaining, now that the rates are up, he throws a tantrum. HOW ABOUT LET THE PRICES CRASH TO MAKE THEM MORE AFORDABLE FOR ANYONE? HOW ABOUT SOME COMMON SENSE?
Someone WAY OUT of touch with reality. And the common everyday American.
Facts
EXACTLY
Two years ago the average cost of a single family home in America was $215,000. Now here we are. Just two years later. The average cost now is $400,000. And the interest rates went from 3% to 7%.
That’s insanity.
Thanks Joe.
@@sleepy670 I’ve made a resolution to not get into these things with strangers on the internet. No one ever concedes when they are wrong. There’s that, or they are just simply trolls stirring the pot bc they have no lives and like contention bc again, they have no lives
In regards to my statement. Look it up. Google it. Take a consensus among the results bc the ‘400k’ is actually under the average
Two years ago it was actually only $110k. If almost quadrupled in 2 years. Thanks Biden
Bidenflation: The cost of voting stupid.
People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts.
buy now, home prices will not go lower. If rates drop, you can refinance
the government will have no choice but to print more notes and lower interest rates
Well i think, home prices will need to fall by at least 40% before the market normalizes. If you do not know whether to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in return on investments.
this is quite huge! @halimatanko what have you invested in ? much more info needed please ...I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
@@Markjohnson09 Finding financial advisors like Colleen Janie Towe who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Why does a real estate agent need $80,000 commission for selling a house? We've been getting screwed for years.
That takes a good chunk of the equity.
I paid $90,000 to sell a house that sold with 3 days. My listing agent was highly recommended, yet completely awful. It seems like a huge waste of money.
Keep voting republican lol
@@slick8640 TDS loser
Because people will pay it
Cardone is an expert on housing like Biden is an expert on the economics.
He has over a billion in REIA
lol
He is an expert in one field - fraud
@@dave7830cite your proof liar
He isn’t an expert but no one really is at this moment in time. Everyone is scrambling in Real Estate to make sense of the industry as a whole right now
Great video, I have always wanted to invest and start my retirement plans early enough, but I never did. I hope it is not too late for me? I will like good advice on how I can start up my retirement and put up some investments as well. This world in getting more difficult to live in everyday. One needs to prepare for the future and kids inheritance.
I total agree, get the assistance of an expert and save yourself the troubles that comes with investing or trading. As for me, I am very busy with work, I do not have time to monitor my investment, but I still make so much profit every time. That is because I have someone doing all the work on my behalf.
You need help from a professional. That was what I did when I was about to begin my retirement.
Does anybody have a nice recommendation for me?
Yes I do have a good recommendation for you, this one I have used her financial services and I trust.
How do I get her contact?
In times of market downturns, some investors may see opportunities, but it's crucial to approach decisions with caution and thorough research. Recessions pose challenges for businesses, and not all companies recover at the same pace. Diversification, careful analysis, and understanding one's risk tolerance are key to a solid investment strategy. Short-term trading strategies, capitalizing on market volatility, can be risky and may not suit all investors, as timing the market consistently is difficult. Consulting with financial professionals and conducting thorough research before making investment decisions is always recommended, recognizing that each investor's situation is unique.
Which Financial professional Do you work with or is best suitable to work with, You seem to be doing well in this ?
Financial professionals like John Desmond Heppolette often bring a wealth of knowledge and experience to the table, helping clients develop and implement sound financial strategies tailored to their specific needs and goals. It's crucial for individuals to recognize the importance of seeking expert advice, particularly when it comes to managing investments and mitigating risks....
Thanks to the guidance of Sir John Desmond Heppolette, my investments have thrived. However, it's crucial to note that the ultimate factor influencing returns is the amount of capital invested. A substantial initial budget enhances the potential for greater gains. Heppolette's approach is pivotal for achieving success in the realm of online commerce. His management group has showcased outstanding effectiveness, and I also value the content available on his CZcams channel....
John Desmond Heppolette truly appears to be knowledgeable in this field. After conducting a Google search of his full names, I thoroughly reviewed his web page, including his resume, and qualifications, which were truly impressive. I took the initiative to leave him a note and have booked a call session with him....
John Desmond Heppolette's approach is pivotal for achieving success in the realm of online commerce. His management group has showcased outstanding effectiveness, and I also value the content available on his CZcams channel....
Wow, a wolf telling the sheep that being eaten is the best thing for them.
VERY WELL stated!
I live in the country, im going off grid, my own built cabin, hell with this nation and its corrupt leaders.
Smartest thing you can do in this day an age...Why not stop making the rich richer...I'm with you😀🙌😁
Can’t run from taxes.
Property taxes the only unrealized gain tax that we blindly accept. Go live off grid. If you’re successful at it they will tax you out of it.
Bravo! That's sanity.
Yep that's really really smart !!! I was thinking about doing that too.....
I want to do that so bad. But I don't know about the toilet situation🤷♀️😂
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It’s not only about having money to invest in stocks ,but you also need to be knowledgeable,persistent,and have strong hands to back it up.
I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up .
Sure, the investment-advisor that guides me is..
MARY TERESE SINGH
Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $24M portfolios or maybe even consider some defensive investments.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $5 million in returns on invest-ments.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
*Vivian Louise Dehoff* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
Landlords are seeing this and are doubling rent prices or more for rentals, this totally out of control.
What they are doing is pricing themselves out of business. Unless wages get better and more people go to work there won't be anyone paying their rent.
I’ll charge as much as I want , if you can’t afford it don’t move there . That was simple wasn’t it
We let chynheese polotics and busniness ideas in through our demonratz party of the government. Now our housing markets gonna look like theirs obviously
@@atticusfinch3931 as long as you can continue to find renters who can afford it. If you own a few rentals and live in a decent area you'll be fine. But if you own dozens you'll start having issues keeping them rented out as the economy continues to decline. This situation kind of reminds of comedians/bands playing every single venue at least twice. Once on the way up and then again on the way down. You'll have renters on their way to home ownership and then again on their way back to their parents house.
@@willhall640 I agree ,and like the comparison. But landlords should be able to charge what ever they want you can either pay it or don’t live there no one is forcing anyone to do anything. The coasts and responsibilities on a landlord are tremendous, and there is a difference land /slum , but a reputable landlord will,always keep,property’s up . I know not a lot will see it this way , but if it were rolls reversed they’d be for it . Nice talking with you
You should rent not buy. Says the guy who has a bunch of rentals. 😂
You at least have something to show for it after 15-30 years. Renting is just throwing your money away. With the price of renting these days you could afford a mortgage
😂
After being told what to eat and how to wear a mask you're surprised by this do what you want screw the opinions of others
The payment never the problem it’s the down payment and closing cost people can’t afford
Exactly !! His opinions are based upon the market being at a halt and trying to reason through it from the perspective of an investor and one who makes money selling to investors. Investors will keep pushing prices through the roof as long as they can find a renter willing or able to pay the exorbitant rent needed to pencil out a profit. He expects or concedes that you pay the ridiculously high rents if you're unwilling or unable to pay the ridiculously high price to buy. These housing markets are priced far too high to be willing or able to buy for most working families. The pricing must come down to the levels that the majority of people can afford housing to have a healthy and vibrant real estate market and that will never happen as long as investment money is able to purchase residential resale real estate of four units or less especially now that they have been able to throttle the rents so high.
The problem we have is because Most people always taught that " you only need a good job to become rich". These billionaires are operating on a whole other playbook that many don't even know exists.
Money invested is far better than
money saved, when you invest it gives
you the opportunity to increase your
financial worth.
"It is remarkable how much long term
advantage people like us have gotten by trying to be consistently not stupid,
instead of trying to be very intelligent."
The wisest thing that should be on
everyone mind currently should be to
invest in different streams of income
that doesn't depend on government
paycheck, especially with the current
economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
I also keep seeing lot's of people
testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.
Even with the right technique and
assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying
again.
Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
Leila Simoes Pinto' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
I sold my three-bedroom home, with all the amenities, last January to my adult son that was still living in it. I gave him a great deal, and he got a great mortgage rate at 3%. Even the mortgage signer could not believe the rate, he asked if we had paid down the interest rate. We didn't know you could do that. My son is a Marine veteran with PTSD, and owning his home has changed his life for the better. He had tried to purchase other homes in the area but kept getting outbid by ridiculous amounts over the asking price. His mortgage payment, with tax and home insurance included, is lower than the rent he was paying. He is one happy man. It is a win-win for us both; he got a great deal on a home, and didn't even have to move, and I am out of debt.
BlackRock a Zionist company is consuming houses and out biding buyers - they will make it up in the future when you pay them inflated rent.
What a great parent.
I bought a house in 2000 right before the market skyrocketed for $75,000 which is what I felt I could afford with a baby on the way. Right now I have family in the same neighborhood trying to sell a slightly larger house, (carport enclosed - but in much worse shape than my home was in when I bought it) and they are getting offers for 250,000 to 300,000 even though there is no HVAC and one of the two bathrooms is really messed up and needs a complete redo. So the buyers are there ...
The problem is that they are all investors, not people looking for a home. That area has been steadily being bought up by investors and when I left 5 years ago, there were so many empty houses and most of the available homes were going as rentals because in that area rents were still more than mortgages on comparable properties, even with taxes and insurance, but then again that was five years ago. However, in Florida at least, I know for a fact that landlords put the costs of taxes and insurance into the rental price because no business in Florida is going to pay for anything they can get out of and the housing market is so bloated that people have no choice but to pay the high prices unless they want to move, be homeless or double up with others.
You are a great parent.
THIS comment has to be pinned above. Everyone HAS to see and read your comment asap!
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson
Unfortunately that is their plan, not some conspiracy theory
Scoundrels.
Soundd like China. We may reinvent ourselves.
WERE ALL ONE OR TWO PAYCHECKS AWAY FROM BEING HOMELESS 😢😮
It happened illegally in 1913. Our government is corrupt to the core.
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life,.,.,.,
I’m celebrating a $30k stock portfolio today. I started this journey with 6k. I have invsted on time and also with the right terms now I have time for my family and the life ahead of me
Wow, this is really amazing. How do you come about it
@@aprilclaudette2057I’m looking for something I can venture into on a short term basis, I have $15k sitting in my savings
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
I will forever appreciate this channel, you’ve helped me and my family a lot, your videos, advice and lessons are inspirational helpful to us,
I now earn every week. You’re such a blessing to this generation, we all love you
I will love to be your friend dear as well as sharing some i dears which you're benefiting.
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert.
Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
Hey how good are your earnings I will like to get some insights into trading thank you.
Currently i can attest to the fact that I
make $18,300 weekly through trading
which is more better then my monthly salary job. Trading becomes my passive
income.
I can relate to all you said becaus am facing similar thing right now.
Congratulations I wish you more success.
I can’t even afford my own home if I tried to buy it from myself. It was $212k and 4% interest. Now it’s 700k and 7% interest in 20 years.
Honestly I can’t afford mine after 2 years, 350k from 240 2.8 interest to what 7 now? No ty
I do wish I had known earlier how cheap it was to own a home vrs rent I’m at $1230 with taxes,insurance
3 bdr 3 bath
.
That’s the price of a crap apartment. I would have definitely bought more homes. Every one made it out to be so scary especially when I did buy lol. Valuable lesson learned .
@@clayramsey019here in S FL, the rent is 2100 for a 1/1 apt
That's pretty good equity IF U SELL IT
holy sheeeet !
The eviction bans killed my rental real estate business. Once tenants figured out they didn't have to pay rent, and there was nothing I could do about it, they just camped out. Then they trashed the places on the way out. The feds gave the states money to refund landlords for their losses but I got 1/3 of what I was owed after endless paperwork. The states then blew the "unspent" money on pet projects and corruption.
thats what happens when you raise your tenants rates 30-50% in 3 years.
That such bs,,sorry I had to go through that... do you still have that business
@@blissdad13😂😂😂😂😂
@@blissdad13 I didn't do that. If you can't pay your rent get a free government crack pipe and sidewalk tent.
@@jeniferketchum9754 Nope. I had a fire sale and got about 10% salvage back. All done. I never want to hear about lack of affordable housing again.
The investment you choose isn't right or wrong, just depends on the kind of business person you are or simply the kind of person you are. However, the end game is investing money long term creates wealth every time. Just pick what you like and understand, invest and it will pay off. A lifetime of investing for 5 mil is not hard to accrue.
Despite the fact that I invest, I am saddened by my inability to evaluate each company's performance and determine whether or not this is the ideal time to purchase stocks. My monetary stockpile is being depleted by inflation. At this stage, I need accurate market trajectory data, but I'm not sure what to do.
I just sold a property in Portland and I'm thinking to put the cash in st0cks, I know everyone is saying its ripe enough, but Is this a good time to buy st0cks? How long until a full re-covery? How are other people in the same market raking in over $200k gains with months, I'm really just con-fused at this point.
Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.
I made more than $320,000, showing that there are more components of the market than the ordinary person is aware of. Having a financial consultant is currently the recommended course of action, especially for people nearing retirement.
That does make a lot of sense, good for you though, unlike me, you seem to have the Market figured out. Who is this consultant?
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
Certainly! Can you recommend the expert you've consulted for their services? I struggle with identifying suitable investments for my portfolio.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
I remember that time frame well myself, in fact in my neighborhood there were more than a handful of people who used the fast equity explosion to refinance, and take out money to buy luxury cars…. They all got foreclosed upon
Biden sure did hurt our country
how embarrassed you should be for such a stupid post. but too many people these days feel no shame.
Not from an investors standpoint ! Biden helped us get some of the Best Buy in opportunities of our lifetime. The rest of what Biden did is a disgrace.
Corrupted Fake President Joe Biden did it for China since Joe got paid millions from China
He is not yet done - has another year to hammer the nails into the coffin of Freedom and The Bill of Rights.
Donald J Trump 2024
The people are suffering while the government is not.
Research reality, the inflation is actually down but Fox won’t tell you that
The government will never suffer! It’s not the government you need to worry about and if you think it’s still the government you’re worrying about it you’ve been distracted by the distractions they wanted you to just look at. I wish you the best is not the government soon if you’re not paying attention, everything‘s gone OK. Bless your heart I wish you the best, but this plan has been going on for a long time. Take a moment and look within yourself stop watching the news and start trusting. What is inside of you because you have a Lotta time just like the rest of us.
I hope the Roze Murk bundle comes back in Call of Duty Mobile that would be sick
You are suffering because of your government. The government stopped serving the interests of the people since 1970.
Same story for years!! Nothing new there mate!!
Let's pass laws to make it so Corporate America can not buy homes with the purpose to reseal them.
Vote for Robert Kennedy Jr. and he will do that.
That’s what Biden supporters say to pass blame for the mess he’s made.
As a new father who relocated to the Bay Area a couple of years ago, I'm considering buying a single-family home. However, with real estate prices currently skyrocketing, I'm unsure if it's still a prudent decision to proceed with the purchase or if I should focus on investing in stocks for the time being and wait for a potential correction in the housing market. I've heard positive things about Nvidia and AMD as solid investment options.
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.
Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.
this is all new to me, where do I find a fiduciary, can you recommend any?
Do a skit on how private equity companies are putting American citizens in the streets for massive profits...
Theese people really don’t care about regular people this was the plan all along own nothing and be happy
And yet he blames the Fed. Private equity ruins EVERYTHING
My landlord just raised our rent by $350. Both of us are moving out of this crappy double; I'm buying a house, he's renting a house. Whoever is telling these people what property values are supposed to be have no clue.
out law private equity corps from buying residential .
😂 “do a skit” that is funny and true. good one 👏
This is what happens when we allow the government to control every aspect of our life.
In reality this is what happens when you expect the market of a basic human need to be handle fully by the market, rich people will set the prices the highest possible!
Any aspect*
Prices aren’t dropping
@@HemmanuelitoRight. Hedge funds see interest rates are high and realize, "Hey, we could just buy them in cash." Sellers prefer cash offers and so sell to the hedge fund. This drives up demand, because other hedge funds follow.
The talking head here clearly has a vested interest in what he's pushing, because he's not dumb and he's saying things that just aren't true.
@@Hemmanuelito Rich people don't set the prices for homes. If they did, they'd list their mansions for $3 billion instead of $3 million. Prices are set by markets, not owners.
Stocks extended their year-to-date rally following the CPI report, with the S&P 500 last up 0.8% in afternoon trading. but I don't know if stocks will quickly rebound, continue to pull back or move sideways for a few weeks, or if conditions will rapidly deteriorate.I am under pressure to grow my reserve of $250k.
It's really hard to beat the market as a mere investor. It's just better if you invest with the help of a professional understands the market dynamics better.
Picking stocks is a risky thing to do, particularly for non-professionals. I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $38k every month so I’ve been sticking to investing via an Advisor.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
I'm being guided by “’Aileen Gertrude Tippy’ who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
He is wrong. Inflation will take over if rates come down. I’m a builder and building is all supply and demand and prices for homes will go up. If rates come down.
Does anyone feel bad for these real estate agents?? They charge way to much and make way to much money for what they do. Now they’re struggling to make payments on their second homes and luxury living and we’re supposed to feel bad for them.
No. I don’t.
well said
After the last experience that I had with my former realtor, I'm thrilled.
Seems to me the agents were the ones over valuing homes starting in the late 80's. Then in the 90's the banks were giving money away to buy a home and the prices went thru the roof and everyone I knew was building a brand-new home. It was cheaper to build a new one than to buy an old one. In 1981 my first home cost 23,000. It was small but affordable.
Great comment
Cardone: Dont buy, just rent …..rent from me since I own tons of rentals and that is my core business.
Truth
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a millions
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
Thanks to Patricia V Vesely.
She's a licensed broker here in the states
Back in 2007, during my time working in real estate, I witnessed people purchasing newly built homes from builders with the plan to sell them before the closing of escrow to another buyer for a profit. The crash hit hard and fast, and I vividly recall many of these units ending up foreclosed upon, with the builder's plastic still covering the carpets.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Mind if I ask you to recommend this particular coach you using their service?
“Sonya lee Mitchell’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
It’s all done on purpose! Absolutely unacceptable!
Yea why did we let Trump have 0 interest for so long, this is the cost of that
This is very true and i've been trying to figure out why
@@jeniferketchum9754 Whats a catastrophe for one will be a huge opportunity for another. Read proverbs 13:22. God always has a plan.
Psalms 37:19
They will not be ashamed in the time of evil, And in the days of famine they will have abundance.
Those that have a relationship with The Lord will thrive. Those that don't will not fare so well during these times of economic turmoil. God is causing and allowing many things to happen to get people to REPENT and seek Him (Matthew 6:33). This is the main reason why things are happening. God is righteous and just. These things have to come to pass. I encourage everyone to find Christ for themselves. This is just the beginning. Sad to say God has to have bad things happen to get people's attention all throughout history. But regardless let His will be done. God bless you and your family.
@@MM-24 ding….ding….ding! You’re the winner! Can’t go without blaming Trump. The President does not set interest rates. And I bet you weren’t complaining when they were low.
But you can complain about the Fed Government’s out of control spending and current policies for why we’re in this predicament.
Agents and appraisers are a good part of the problem, they have been pushing housing prices for decades.
There's no way you can point to solely the FED for this issue. We need a correction. Interest rates come down and supply will get mopped up by the large hedge funds like Cardone's causing prices to shoot up. It's been unaffordable for years.
What good does lowering interest rates do if almost half of those homes are purchased by private equity firms that do a shoddy remodel and sell that house for double, or triple, what they bought it for? We need more inventory and for private firms to stop messing with the housing market. I’m all for making a profit, but their business practices are predatory and need to be overseen by the SEC more strictly. PE firms are the housing equivalent of payday loans…
It happened in 2006 yet nobody sees it coming. Put your seat belts on folks, its gonna be a rough ride in 2024!
🎯👍🏼
There’s nothing remotely close to 2006, and Now! The crash actually started in 2009, not 06, what caused that crash was giving loans to anyone who could breathe for 10 seconds then on top of that they did a lot of 120% loans, so as the economy started to cool, it started first the easing of property values going up to leveling then to declining, once the decline kicked in and the economy and job market now dropping, people were struggling to pay their mortgages. There was a glut of inventory as well, so you couldn’t sell your house to get out from under it. All the sudden your 300,000 home was now worth 230-240k which led to people waking away. Today’s market depending where you live has dropped very little, and there’s reason for that, low inventory, nobody wants to sell their 3% interest loan to buy a 6-7% loan. The other reason is inflation, the material costs on a home have gone up significantly as some wages. So right now anyway it’s more of a leveling of this market and a stabilization. Which is good, Now how long that last! Who knows, all kinds of crap can happen..
@@jeffreyferguson83 No more $$ Trillions in free taxpayer money coming, it will shock you just how fast the economy will adjust back when people run out of other people's money to spend.
@@jeffreyferguson83agreed, it was the resetting of payments and unqualified buyers that made it happen.
Prices are going to skyrocket in 2024…that much is clear…
Why this crook is on the media again and not in prison? He has deceived so many people on super-duper "investment projects" in Florida...
Equity firms are scum. Great to see him promote his own agenda.
No doubt
Grant is real as it gets. Stop hatin cause you are broke and hate your life
@@UltimateKeyboardWarrior My income is three standard deviations from the mean. I don't run around telling people they should be happy having nothing. Very familiar with equity funds.
He is still trying to sell his seminars 🤣
A home is not a good investment, says the real estate investor.
Sometimes supply and demand is driven by a lack of alternative options, shaped by policy and system.
Once rates drop, it'll be a seller's market, leading to home prices to keep going up. There's no winning for the average buyer.
I keep saying we are Canada in 2010. While the US housing crashed, their prices skyrocketed for a decade due to lack of supply
Exactly! We won’t see a crash in the near future. As a matter of fact the FED’s are keeping inflation at 2 percent. How will this crash the market? They get everyone rallied up so the big Whales can make the major moves on the small guys.
Or maybe more inventory
👍
rates are still and will be very high over 2024, only a few rate cuts, 2025 will likely be a great time to get into a home, with a lower real estate market, and low rates before things recover
You were talking to the problem. Private equity stealing homes.
Ya, but he does it with a smile. He is a parasite.
Yeah plus he's a known scam artist like WTF is this?! This is clown world to the max
Exactly!! And the feds are after him for fraud
Unfortunately, large companies are buying all the residential units. Prices will not come down until those buyers evaporate.
Interest rates don't matter much. It's the ridiculous prices that have been inflated beyond belief that are the problem. 20% down on $150k is WAY more affordable for me than 20% down on $300k, regardless of interest rate. When house prices doubled, it destroyed the ability for most Americans to purchase a home. The correction can't come fast enough!
A home was never supposed to be a short term money making "investment" but a place to live long term and raise a family. The problem is that employment security has become non-existent and people can not be sure they will be in one place for long. Other life changing events that have recently happened have changed housing plans for many people, along with putting off marriage and a family.
Well unless you are one of those hard working government employees ever seen a K-12 union teacher lose her job yea me neither.
Not to mention all the owners who have re financed to the point they can’t even come close to breaking even if they sell now.
@@720erik2 why would anyone that re financed sell now? To go from a 3% to 8% rate? Think before you speak. People are not selling because they have very cheap money.
@@executiveinvestments wrong what I said is 100 percent accurate. If you bought a house and didn’t get greedy and pull out your equity you could still afford to sell and borrow at a higher interest rate. For example most Californians can no longer sell and move to Texas for cheaper housing since they can’t break even unless they sell a 400k house for 900k.
@@720erik2 clueless. You’re paying the same for a much cheaper house. Pay attention. According to you nobody in California can sell their homes right? 🤦♂️🤦♂️🤦♂️🤦♂️. Go back to sleep kid.
Grant Cardone is the last person I would consider a real estate "expert"
fAUX NEWS
He’s good at selling courses.
Bet he knows a lot more than you buddy. How many units do you have under contract ? That’s what I thought
his opinion means about as much at Biden opinion “
@@lyleburlingame2276 Having real estate deals under contract doesn't make some more knowledgeable, does it?
The fact that a million dollar home is an actual common price is absolutely insane.
When you see a picture of Grant Cardone with the words "expert warns". 😂
This problem is as much a greedy landlord problem as it is a banks .
Instead of complaining about greedy landlords.. maybe you should buy some houses and let some people live in them for free.
@@1888CHAD8881 👏👏👏👏👏👏👏👏
The problem is money printing. Inflation IS THE INCREASE OF THE MONEY SUPPLY. Prices increasing is just a consequence. YOU CAN'T PRINT TRILLIONS OF DOLLARS IN MONEY, and not expect the prices to rise. The problem is that THE LEFTIST DEMOCRATS ARE IN POWER. Vote republican next time.
Tell me you know nothing about money without telling me you know nothing about money
Correction, the price will not go down.
That guy needs a couple of corrections. My four-bedroom house mortgage is still hovering around $1000. My parents three-bedroom apartment that she shares with my sister and her baby daddy and their two kids is 1900 and that’s Housing Authority apartments
The only way the prices go down is if there becomes more sellers than buyers and the only way that happens is if we hit a bad recession and have major loss
Right, car prices haven't gone down either, but the rebates are back and getting bigger every day. It's all a shell game, don't be the sucker.
@@888strummerprices go down when foreclosures start accelerating. House prices are based on comparables, not supply and demand
Every time that word "correction" is used, in a financial situation, a lot of people are about to be robbed/corrected.
2008 was the best time ever to buy a home.
Actually, rent is higher than what mortgage rates are
💯
Probably depends on your credit score, price of home and how much you can put down. Don't forget about maintenance/repair, insurance, property taxes.
That’s why prices are high, hedge funds and investors snatching up houses to become landlords and making it harder for private citizens to own their own home.
Like he does
Exactly.
They, the big corporations, are the government.
I AGREE 😂
who are the top three hedge funds snatching up houses?
what part of the country is the bulk of their real estate held?
@@user-ss3mq5jh3xwell he is a syndicator, and he is registering several of his funds to allow for the average person to invest and partake in that growth. Not the same as other wall street giants who only make this asset class to the already wealthy. Cardone is a legit good guy.
Why’d you pick that Huckster when Robert Schiller is still the best data analyst ever 😮
Real estate agents created this mess…f-them!
Well geez I wonder why a dude that makes millions of dollars in the rental business does not want anyone to seek ownership of a house?? Also, does he not own a house?
He’s a course scam seller
If he's still in South Florida, he owns the building... then "leases," to himself...) Their investments are mainly in apartment syndication, based: REITs. However since they had to overpay, on many of those properties in the last half decade, or so (and now the inflated rental incomes are already 'tanking' in most US, etc. markets...) most of these paper multimillionaires to billionaires will also ultimately soon loose out (but moreso, than in 2007- 12) to the foreclosing bank$ters (along with SFR buyers, to commercial and industrial interests, when the banks won't lend, nor refinance... and states like California now have "first right of refusal" to cherrypick properties!) while the smaller RE 'investor' in say Wall Street Trojan horse REITs (similar to mortgage back securities, and credit default swapped traunches, in '08) may well loose most, or even ALL... of their money? But Grant is RIGHT ON about the (City of London / BI$ controlled) FED!
He's clearly lying about how supply and demand work, he just knows the majority of people watching this have never taken an Economics class, or if they did they forgot it all 20 years ago.
I do agree that home ownership is a bad investment, for most families. It would be good if you bought in cash, but almost no one can do that.
Several I will bet !
@magicalfrijoles6766 WRONG. Fastest way to build wealth these days is to OWN property.
Watching how the real estate market is being manipulated in favor of some persons, I’ll advise we venture into other marketing options and look for other ways to invest that will be favorable to us.
You are right.!
My first investment was with Shanita Creswell, it gave me profit of over $80,000 Us dollar...
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market l'm grateful to Mrs Shanita 🙏🏻
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
She is outstanding so well mannered teacher, glad i saw this here the knowledge you will gain is for a life time. Now is the time to invest in your education for 2023.
Hate to say it but he makes absolutely no sense. When the interest rates are not tied to the housing pricing. Remember when the interest rate on housing was 2.5% and suddenly the cost of housing went up nearly 20% in 2021. Need a better narrative or reason than the FED.
How can we forget how the housing workforce was forced to go home because they were immigrants? How can we forget the ships were stuck in the ports in LA, etc to find out that most of the materials were from Asia (China)? None of this had anything to do with the FED - simply supply and demand. How can we forget the explosion of REIT's the finance sector pushed and corporations jumped with both feet buying up loose houses.
Wall Street and investors are killing the local real estate market. Rent is too high and unaffordable for a single person.
The housing market was not destroyed by interest rates, it was destroyed by speculators like Cardone who drove prices to unimaginable levels.
The sugar provided by The Federal Reserve will always be lapped up quickly!
You don't know what you're talking about. Grant doesn't buy single family homes, he buys apartment buildings. Which is a completely different market from single family homes. You need people to build and own apartments to be able to provide rentals. Investors scooping up single family homes and converting them to AirBnBs is an issue and there's an argument there. But supply is the issue. We actually need more development to LOWER prices.
Uh, it's OUR FAULT for accepting foreign paper when we never voted for it, that foreign paper is called the "dollar" that is in your wallet, a "dollar" that PRETENDS to be American-issued, but it is NOT, but issued by the foreign bank, IMF, with a fancy green printing making you believe the Fed prints it. NO ONE voted for that paper to be accepted. Do you pay your neighbor for the use of his Epson printer? NO, you get your OWN printer and issue your OWN paper. The U.S. can get OUR OWN PRINTER and issue our OWN PAPER, but you see... the bankers don't like, just like your neighbor does not like it, so he points a GUN to your head and forces you to ONLY accept his paper from his printer, and you go along with it for 100 years. THIS IS what is wrong. WE CAN PRINT OUR PAPER, WHY SHOULD WE ACCEPT TOILET PAPER FROM THE IMF, LENT, PLUS INTEREST????? THEY PRINT MORE, WE DROWN IN DEVALUATION AND WE B*TCH AND COMPLAIN???? STOP BLAMING CAPITALISTS, STOP USING FOREIGN PAPER. VERY SIMPLE.
@@macbr9there are homes being built in all metropolitan areas. Thousands upon thousands of homes being built right now.
@@macbr9 What else did Cardone say that you agree with? The "greatest real estate correction in his lifetime"? I guess he wasn't alive in 2008-2012. It's gonna be a "great opportunity for regular, everyday people to grab trophy real estate from institutions"? The ordinary people who can't afford to buy houses are gonna buy apartment complexes? And the Federal Reserve didn't control inflation? This guy spouts nonsense.
Property value,rents and property tax are insane in the U.S..!
Property taxes are bs...I am blackmailed to pay them or they steal my house I worked for not them and the money isn't used properly or the roads wouldn't be so crappy with pot holes.
Reasons why the American People should vote in Politicians who will enact allodial Title to their Property and Homes.
Interest rates come down, home prices will rise faster than we've ever seen with all the pent-up demand out there.
Oh Gawd, Grant Cardone and "Expert" dont belong in the same sentence.
He tries to make it sound like it’s a better lifestyle to live in an apartment than to live in your own home.
He’s a 🤡
That is because he owns an apartment business
@@J19118he’s a big scam artist, research him
As a home owner of over 20 years, I make deliveries to these new apartment buildings. No thanks. I would rather live out in the forest with the bears and wolves.
I don't believe him..I have to research these claims because a mortgage over 30 years should be cheaper than the rent payments..of it's true it would be odd
Meanwhile, the CEO's of these private equity firms own multiple homes all over the world. Must be nice.
I know a few people that have homes in more than one state and they just were smart and worked hard…it is nice, go out and do it and stop complaining…
"must be nice" said no winner ever
Yes they are CEOs. Once you get to be a CEO of a big company you will own many real state as well, it is called CAPITALISM.
Look at the money sent to Zalinski and he owns a nice home in Florida! This is a Marxist plan.
@WordMadeFlesh777 a lot of people work hard..im a single person in a professional job working hard...I can't afford two homes..you must be making money on the back of someone else's labor
I don’t know about other places, but the reason my city is stagnating is because big investment companies came in and started buying up real estate at prices most people couldn’t compete with. I’ve had numerous offers for my house well above the market price, and I know I’d be a fool to sell. I’d never be able to get another house without taking out a mortgage. Mortgages in your golden years aren’t as easy to manage…
when we bought our first house back in 1970's the normal interest rates were 8 percent so I am always amazed that people think 7.5 percent is horrible
Fox is scraping the bottom of the barrel with Grant Cardone
I liked that at least they mispronounced his name.
Could you explain to me why? I dont know who that is or why he isnt credible. (Genuine question)
He is just an extremely successful marketer, and with that of course comes tons of haters. I'd argue the only way he was able to achieve this success was by providing tons of value for free 🤷♂
@@zac2877Listen to his podcast. He is incredibly talented, knowledgeable and loves helping people. His podcasts are very interesting too you learn a lot.
@@PeakPerspicacityto those who aren't gullible, he's a con man
Average rent is NOT 1800. In New York state (not the city) 1 bedroom min is 2k. Renting leaves no equity, nothing to borrow against, no tax deduction.
I pray to God to give you a lot of beautiful days and you know God loves us so much,So where are you originally from? I am David originally from Spain Granada but currently living in Texas now and you?
1800 is even too much for a one BR, no matter "amenities" which are often charged extra - now days. TX rents went up 2-4X irenting the same apt in 2015.
Downtown Cisco is about 3k for a studio
I think 200 makes for the difference that there are actually places to rent well below 2k, in areas such as the border with PA
Most people take the standard deduction, which means most homeowners dont itemize their deductions. So if you rent a property rather than owning a home you are effectively getting the same tax benefit as a homeowner would without owning a home. The only difference is the equity with home ownership
I’ve been waiting for the market crashed and they have been saying it for the past 4 yrs and nothing is happening. When will it happen?
No crash, but real estate prices are skyrocketing ... No one is selling, so no inventory in the market!
Grant “ I have NO problem attempting to scam anyone “ Cardone
What scam?
You name it. Courses, real estate, crypto… whatever your mind can think of, he tried it 😀
Yup!!!!
You seem upset.
Agents should have planned ahead. They had 4 yers of easy money! I don’t feel sorry for mortgage or real estate brokers. The fed has always done more damage than help. Free market is the best way to go
At what point do you become so lost that you actually think the agents have any influence on the interest? They also don't control the value. Agents have zero to do with any of the problems in home affordability or interest. Try again. Try.....bidenomics economy.
They enjoy those higher prices and commissions. Never seen a real estate council someone that the price or loan interest might be more than they can afford. @@lenaadams786
@@lenaadams786Clearly you are replying to someone else. I have been in building and real estate for 30 yrs in Vail. I think j. Powell should be fired for causing this mess. Realtors get to make money off what I create. I’m the god, they are the used car salesman, bottom feeders. Period. When you take a raw pile of wood and create, make drawings, build cabinetry, furniture and homes, let me know. Until then Carmax is calling… Don’t be a victim. We have enough of those in the world. Building and real estate have been boom bust my whole life. You make money while the sun is shining.
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
this crash will make the one in 2008 look like a walk in the park.
Wasn't aware that Grant was an expert in this. 😂
He’s not
Who is he then? I thought he had been in real-estate for quite some time. Curious?
He’s the biggest fraud and scammer in history! He is being investigated by numerous agencies! The only thing Granty Boy is an Xpert on is Xenu! Sad he is a leading financial contributor to the horrific human trafficking, mind control, slavery cult known as Scientology.
grant cardoneeeeyyy
No he sells classes for real-estate then uses real-estate to wash the the money for the church of scientology.
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@Tammybrockman
She's often interacts on Telegrams, using the user-name.
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Been hearing that a crash was coming for the last 10 years. Had you bought 10 years ago and not waited you would have earned the following: Mortgage Tax Write-Off, Paydown of the Principal Balance, and Home Appreciation (Big-Time). Even a heavy correction will not eat into the gains already earned. Same goes for the Stock Market, and I hate to say this, Bitcoin!
Not just interest rates
BUT The Tax assessments on existing home owners are another big issue
I bought a home 5 years ago , have a 4.5 % fixed rate for $121,500
But the recent assessment values my property at $187,500 so....... they send me an additional Tax assessment bill for the difference
They're trying to force people out of they're homes
So is it cheaper to pay off a 3 percent loan or loose homestead deduction for taxes?
uncle sam wants a piece for Ukraine .
This is THE problem. Guy literally is telling us what the issue is and we allow it. "Oh lets just have large banks, investment firms and shady corporations buy apartments and homes and jack the rents up for safety and quality of service!" LOL meanwhile average families can't afford homes and if issues are brought up, the owner of the house just kicks tenants out.
When interest rates go down ⬇️, the price of homes goes up⬆️
A home in Florida purchased in 2009 for $180,000 just sold for $1,400,000. Insane.
For sale by owner always worked for me. I paid a qualified appraiser and then marked it up 5% so i could negotiate down if neede. People have to say they got you down on price. Worked every time. For both sides on a fair price and i didnt have to pay a realtor as i had in the past.
Excellent comment. Realtors are parasites. There are 600k more realtors than there are homes for sale in this country. Pay an attorney $500 to do a title search and you're done.
I’m not sure if I’ve ever seen a greater example of a sales pitch being disguised as market knowledge.
🎤💧
This is who Grant is, snake oil salesmen at its finest!
Thats all he does