Mega-investor Grant Cardone once said this ‘common’ investment was the worst thing you can do. Has he changed his mind?

Core Insights - Homeownership is traditionally viewed as a key aspect of the American dream, representing independence and financial security, but there are growing concerns about its viability as a sound investment [1] - Real estate investment expert Grant Cardone has expressed skepticism about home buying, stating that the average mortgage is currently double the rent in America, suggesting that purchasing a home may not be a wise financial decision [1][2] - Cardone has shown support for President Trump's proposal to introduce 50-year mortgages, indicating a potential shift in the real estate financing landscape [2][3][4] Group 1: Homeownership Perspective - Cardone argues that buying a home is often the worst investment people make, despite it being the most common one [2] - He emphasizes that a home priced at $576,000 would need to be sold for $1.2 million in ten years to break even, which he believes is unlikely [4] - The term "dead money" is used by Cardone to describe investments that yield little return or are tied up for extended periods [4] Group 2: Alternative Investment Strategies - Cardone advocates for real estate investments that are not linked to personal living situations, suggesting that renting may be a more financially prudent choice [5] - Crowdfunding platforms are highlighted as a viable option for everyday investors to collectively invest in real estate without the need to own a home [5]