Reported 1 day ago
Real estate investor Grant Cardone argues that renting is often a better financial decision than owning a home, as he views primary residences as liabilities rather than assets. He emphasizes that a primary home does not generate income and comes with ongoing expenses like property taxes and maintenance, which should not be included when calculating net worth. Cardone suggests that homebuyers could miss out on potentially higher returns from alternative investments by tying up their money in real estate.
Source: YAHOO