In this episode of the Cardone Zone Grant Cardone talks about buying a house. Should you own a home? Grant says unless you have 20 million in the bank, in cash, you have no business buying a house. People think the only way to save money is to buy a house. Suzy Orman thinks you have no way to earn money, so buying a house is the only way to get your money. It’s not an investment if it doesn’t pay you every month. It’s not an investment if you have to pay it every month. A house is not an asset, it’s a liability. Nothing is a good deal if you have to feed it constantly. People ask, “Why would you pay rent when you could buy?” Because you can’t leave. Who wants to go to jail for 30 years? You can be mobile and nimble if you rent. Mobility is a great thing in today’s world. Why settle down? Invest the money in yourself or your business. Your money needs to be free!
GrantCardone.com
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