Buying a House is Not an Investment - Grant Cardone

The 4 horseman of products that keep the middle class in prison: 401K, home, credit cards, and college. How can a house be an investment? It produces no money. Investments produce money. People have a dream of getting a doormat that says “The Johnsons” and owning a home for 30 years. Assets pay you—liabilities are thing you pay for. A house is a liability. When you buy a home you pay for the following: Property taxes, Property insurance, Maintenance, and HOA Fees. The expenses are funded by the owner, not the income. Over the past 50 years, a home has returned 1% when adjusting for the rate of inflation. Get involved in multi-family real estate if you want to own a real asset.

Comments

1. GRANT STOP HAVING CO HOSTS ON YOUR SHOW. U BULLDOE THEM AND YOU CAN LITERALLY SEE THE INSECURITY ON THEIR FACE. PITIFUL. COME ON MAN!
2. Grant Cardone reminds me of Don Cherry.
3. www.gofundme.com/rebuild-for-safer-neighborhood
4. People say renting is a throwing money away. NO, you are putting a roof over your head every month idiot! You are cooking in rental property , using it, hosting friends, entertainment etc...
5. so...what about all the realtors? they sell homes for living....how can you become a 10x salesman in RE if buying home is bad idea? thx
6. So your home isn't an investment, huh? What did you do with the money you made on your home in California? You said you made about $10M +-. If that ain't a investment wtf is it? Love ya bro but you spewing shit outta both sides of that piehole. lol!!!
7. come'on G! Enough of the silly damn antics, if you are going give some educated info, give it ....without all that the self promotion bullshit you do. Daum!
8. cant be financially Independent without debt?
9. I love this video so much!!!! so helpful
10. I've been following you for years. Such an inspiration!
11. Texas > This video. That's how lol... smh.
12. Grant... You're the man ! I've been watching you( not as consistently as I should) for a year now and my finances have increased 10 fold.
13. so whats the alternative
14. Hello Mr. Cardon
    I have recently discovered your channel and as i am aspiring to be an entrepreneur I like your style,your ideas. I would like to have your take. Right now I have $10000 in the bank account what should I do with that money because I am not satisfied?1
    I am looking forward to listen your advice.
15. at 30:00 you explain why you shouldn't buy a house because it costs you 2400 a month whereas renting one costs only 2000. Meaning that if you would invest this 300.000 into a home and rent it out you would only have a revenue of 2000 a month while paying 2400 a month meaning it wouldn't make sense to buy a home to rent out? could someone explain this to me please?
16. Gotta get rid of the pussy!! Lmfao. Gc
17. Hey grant that's your next book write a book on real estate will real live scenarios. Meaning what you see on those deals what you just explained that one does not need a books use your examples on the book. The deals that you go see just as examples. :-) thanks a bunch for all your help.
18. Exactly! A home is a liability on the balance sheet!!!
19. Hey, Uncle G you rock. I am going to order BOBA right away!
    
    BTW, my YouTube channel is also doing great, it recently moved from 20 to 54 subscriber as i started doing live events. Some day I will make it to 10 Million because i am obsessed ;)
20. You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America.
    -Paul A. Volcker