1.2 Billion Dollar Real Estate Investor: "Buying your house is the dumbest investment you can make"

[dj-method-x]

 

[Diondon]

The white middle class was built off owning homes and property. Now all of a sudden they got all this advice for nikkas
Hey do what's best for you.

 

[Standing on business]

This comment



“Don’t buy a house guys, just rent one of my properties”

-Grant

 

[Mike809]

Havent watch the video , but why wouldnt you buy a house? One way families are able to lift themselves is through generational inheritance.
You'll have something to pass to your children , and hopefully they can build upon it and pass it to theirs.

 

[keond]

Land ownership is the only gateway from lower middle class to upper middle class. I know a woman at my job that brought a home in the Kirkwood community for 60k cash from her 401k and now its worth almost half a million. Im a let yall cook tho

 

[Originalman]

The white middle class was built off owning homes and property. Now all of a sudden they got all this advice for nikkas
Hey do what's best for you.

This

 

[RNS]

I got my house for 105k .. it’s now worth 230k. While that’s not the case for everybody, that statement he made is bullshyt

 

[Heretic]

i mean if you have enough properties to buy then you can rent to yourself and write it off as a business expense but that's not viable for 90% of people so that's some seriously out of touch advice.

 

[General Muck Muck]

VladTV

 

[jdubnyce]

I got my house for 105k .. it’s now worth 230k. While that’s not the case for everybody, that statement he made is bullshyt

$105 gets you a 10x5 condo parking spot in Toronto

 

[Crude]

Land and property ownership is the way to financial prosperity.

There is a reason those White folks make you jump through hoops to get a home and property loans, but it's relatively easy to get automobile, small payday loans, and things of that nature.

It's power in real estate ownership.

Last I checked there isn't anymore land being made.

 

[UncleTomFord15]

Grandt Cardone is full of shyt and isn't a billionaire.

 

[NkrumahWasRight Is Wrong]

 

[AlainLocke]

The white middle class was built off owning homes and property. Now all of a sudden they got all this advice for nikkas
Hey do what's best for you.

Yeah but they got good deals on it and the game was rigged for them.

Black folks as a group historically get bad deals on mortgage loans unless they join the military period. The crash of 2008 disportionately affected us because they give us fukked up deals.

If you earn a large income, I don't see the point in sinking all your income into a home because you ain't gonna earn any income back from it unless you rent it.

You can sink all your income into income generating ventures so you can live off that shyt passively.

There's a difference to me, in living in some shyt that you got a loan for personally.

Or buying rental properties as a business owner and letting other people live in your shyt.

Homebuying is a scam to me, never understood getting loan to "buy" your house, then paying back the loan in 20 or so years, so you can "own"your house, but then you are the one responsible for all the repairs and etc. But all your networth is tied up into your house and the value of it depending on the market situation and the condition that it is in, which generates no income.

Wealth with no income makes no sense.

After the crash of 2008, no young motherfukker should be trying to fukking own a house.

Might as well, take all that money and buy you some crypto, at least when you get fukked doing that shyt, it is more exciting.

 

[Field Marshall Bradley]

The white middle class was built off owning homes and property. Now all of a sudden they got all this advice for nikkas
Hey do what's best for you.

Nah... the white middle class was built off the homestead act coupled with living wages and virtually no debt