[Mortgage Is ‘Just A Fancy Bullsh*t Word For Paying Rent For 30 Years To The Bank,’ Says Real Estate Billionaire Grant Cardone — Here’s Why Renting Could Be A Better Financial Move
](https://finance.yahoo.com/news/mortgage-just-fancy-bullsh-t-171148202.html?guccounter=1)
“Renting makes me money.”
Okay, work backwards from there.
FFS these people.
Mortgages make the bank money.
If only there was some kind of large collection that represented the people that could offer loans for cost or near cost instead.
represented the people
Founding fathers laughing in corporate interests
You’d be surprised what they would support. Until the neoliberals killed capitalism there wasn’t really that much problem with the idea of governments running public services.
Hell, usury is a sin. Very clearly defined as such, biblically. You tell them the US government is in a position to act as an interest-free loan office and they probably wouldn’t have any real problems with the idea.
Every time I see articles about this my knee jerk reaction gets more and more unhinged. Regardless, the world would be a better place if people like this were dead.
Thats the nicest way to say it. These people fucking suck.
They’re living piñatas and it’s time to pop em.
“Freedom is overrated, people are happier when they pick cotton.” Slave Owner
At least you get something in return for “paying rent” to the bank. Paying rent to a landlord is just paying someone elses mortgage, for no return whatsoever.
I hate to tell you this, bud, but one day, you’re going to die. You can’t take that house with you. Use your money to travel, and live.
Same for that landlord, he can’t bring the profit he made. I’d rather make sure the money stays in my pocket than his.
Either I spend the money to pay the mortgage or to pay a rent, I’d rather have something I can live in and pass along to my kids.
I traveled quite a bit already, both for leisure and for work before settling down to have a family.
Yeah! Once you’ve spent all your money traveling you can just sell your… oh wait.
And you’re still going to die. Live doing what you want to do, or on your knees in debt before the bank. Your choice.
More like:
Live on your knees past retirement age or take out an early 9mm retirement plan before you’re too old to work.
owning several properties for renting and not needing to actually work is the real fancy bullshit.
did anyone tell that to this leech?
There is no sight or wrong answer when it comes to rent vs own. Do what is best for you
What I will impart to people here though is always look where the message is coming from. Therein you glean some of the answer.
There is no sight or wrong answer when it comes to rent vs own. Do what is best for you
Putting money into your own ownership, versus putting money in for somebody else’s ownership, is a very straightforward scenario examination, to determine which one is better for you.
Yes and no. Ownership is valuable. But the flexibility to live and move with less responsibility is also valuable.
Yes and no. Ownership is valuable. But the flexibility to live and move with less responsibility is also valuable.
It’s not a matter of responsibility, you’re responsible for making a payment each month, either way, so that cancels out.
Your paying the same kinds of money out of pocket each month in either case. You might as well own what your emptying your wallet for when you’re done, than not. Wealth begets wealth, it snowballs.
In understand your point. It costs money to buy, sell, and broker house/mortgage. People have to live in their houses (in a normal economy) for like 3-5 years before even making a break even point on home. Just bought my first house and we’re drowning in interest at the moment. Rents will fall faster when interes rates change than we will be able to refi. BUT it’ll be better for us in the long run.
You’re going to spend (usually a bit) more per month on mortgage payments than rent, so it’s not really “the same kinds of money”.
Is this true in the US? Its definitely not been true anywhere I’ve lived in Europe. A mortgage has always been cheaper for a larger property, it’s just gathering the initial deposit to buy that’s the hard bit.
Grossly oversimplifying home ownership.
its kind of not. we own now. its great. everytime we pay our mortgage, which feels exactly the same as when we were paying rent, we are in essence saving that money as we get it back when we sell this place (which is all contigent on how much its worth when we sell etc).
when we were paying rent, we paid the landperson’s mortgage off month by month, making themmrew wealthy. upkeep is always a part of everything you own.
Guillotines.
A friend of mine worked in Switzerland for couple of years. It’s pretty much impossible to buy anything there because everything is owned by investment founds. He worked with two Swiss guys. One got lucky and married a women that inherited a piece of land and was able to build his own house. The other one was renting. According to my friend the levels or resentment and jealousy expressed by the latter were staggering. They pretend it’s a good model but in reality they know being forced to rent sucks. Don’t let this model become reality in other places.
That’s like saying ‘don’t let corporations win’. They already won, we’re seeing the ramifications of that now.
This is not the reality everywhere yet. In some countries were buying is still fairly accessible you have political parties now that are pushing for this model and parties that are against it. Simply vote for the ones against it. It’s not a lost cause yet.
It’s a lost cause in my country, most of europe and most of the USA and Canada and all of Asia.
Not sure who you’re trying to ‘help’ with this given that’s about 50+% of the world in one sentence.
I’m not trying to ‘help’ anyone. I’m just saying that people who still live in places where it’s possible to buy homes (like where I live) have to watch out because a lot of politicians are trying to change it.
Well don’t let them keep winning then
I also, like to troll the poors.
In other news, the job market is overrated and you’d all do better to come and work at my factory in perpetuity as indentured servants.
This turd should be one of the first to go
“Anything but paying me and making me rich is bullshit” - Toddler billionaire throwing a tantrum.
“Debt incumbent home owners don’t go on strike”
He’s not exactly wrong. If you have a mortgage, you do not really “own” anything and essentially have a “landlord” through your lender.
You may not just be mad at renting/landlordism. Your ire may be for the generalized concept of private property.
Removed by mod
He’s not exactly wrong. If you have a mortgage, you do not really “own” anything and essentially have a “landlord” through your lender.
Except there is an end to those payments after which you do actually own the roof over your head.
Plus, the lender doesn’t want to “renovict” you or pull any of the other bullshit that typical landlords try to get away with.
People are aware that you don’t have to live in a house for 30 years if you get a 30 year mortgage, right? That hasn’t been a thing since the 80s.
But you’re not renting the home from the bank, you’re renting the money you borrowed so you can own your own home
It is always wrong if you’re saying to just buy or just rent. Neither is the better financial move for everyone.
