Grant Cardone

Between soaring home prices and high mortgage rates, buying a home has become unaffordable for many Americans.

The outcome of the upcoming presidential election could potentially affect housing affordability and Grant Cardone a private equity fund manager and real estate investor believes that a victory for Donald Trump could be good news for the real estate market.

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Heres why Cardone believes a Trump win could make buying a home more affordable:

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Although the president doesnt directly control interest rates, Cardone believes Trump would do everything in his power to get them lowered during his potential presidency.

Trump will hammer the Fed for lower rates, Cardone told GOBankingRates. If he doesnt get his way, he will try to collapse the Fed and make it part of his executive office. I think it is not a bad idea that the president would control the interest rates of a country, because we cant be competitive right now. Japan has a mortgage rate of 2.5%. Ours is 7.5%.

If interest rates were reduced, mortgage rates would drop as well.

Trump would put pressure on the Fed to reduce rates and get them competitive again so people could actually afford a mortgage, which would be under 4% or 4.5% for a mortgage to be competitive with a rent, Cardone said.

Trending Now: Im an Economist: Heres My Prediction for the Housing Market If Trump Wins the Election

Not everyone agrees that mortgage rates would be lower under Trump. Melissa Cohn, the regional vice president at William Raveis Mortgage and a 40-year veteran of the mortgage industry, believes that a Trump win would be more likely to result in inflation, so interest rates would not be reduced.

Trump has all of his tariffs and his isolationist policies that he would want to put into place, which would be inflationary in this country, she said.

Editors note on election coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.

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This article originally appeared on GOBankingRates.com: Grant Cardone: Heres How a Trump Win Could Make Buying a Home More Affordable

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Grant Cardone: Heres How a Trump Win Could Make Buying a Home More Affordable - Yahoo Finance

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Grant Cardone: $5 Million Is Now the Magic Number for Retirement Savings - GOBankingRates

Grant Cardone warns of biggest real estate correction in his lifetime within 12 months heres where he identifies tremendous opportunity' for savvy investors

Prolific real estate investor Grant Cardone is sounding the alarm on significant changes within his industry.

During a recent conversation on Fox Business with host Charles Payne, Cardone shared a grim forecast for the real estate market.

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Were going to have the biggest real estate correction we've ever had here in the next 12 months, he said. It'll be monster, and it will hit Gen Zs in a way that they'll never touch that asset class again.

The implications of major real estate downturns are profound, as evidenced by the Great Recession in the late 2000s in which millions of Americans defaulted on their mortgages and lost their homes.

This time, however, Cardone believes the impact will be unprecedented and focused primarily on larger developments rather than single-family homes. And if Cardones predictions are true, a certain group of investors are likely to benefit from this correction.

For most people, the single-family home is still thought of as the most accessible and familiar real estate asset. Multi-unit properties, by contrast, have typically been beyond the reach of the average American.

However, Cardone believes this dynamic is set to change.

You have major institutions that are releasing assets back to regular, ordinary, everyday people, he said. Institutions are having to let those properties go because their debt is due.

According to Cardone, this presents a tremendous investment opportunity for regular Americans. He even thinks it could serve as a gateway to substantial opportunities for all age groups, particularly Gen Z.

This is true generational wealth redistribution, he argues.

Read more: Car insurance rates have spiked in the US to a stunning $2,150/year but you can be smarter than that. Here's how you can save yourself as much as $820 annually in minutes (it's 100% free)

Cardone is no stranger to making bold statements. After all, the man once called buying a home the worst investment people can make.

Instead, Cardone favors rental properties, seeing them as a more robust investment. In fact, despite anticipating a significant market correction, he remains confident about the future of this asset class.

I'll make a prediction right now real estate will be the number one [investment] category by the year 2026, for all age groups. I guarantee it, he told Payne, outlining several of its advantages.

Its easy to leverage, protects you against inflation, benefits from rent increases, and provides cash flow that people have to have today, said Cardone.

He makes a compelling argument: real estate is widely recognized as an effective hedge against inflation. As the price of raw materials and labor goes up, new properties are more expensive to build. This can drive up the price of existing real estate.

Well-chosen properties offer more than just potential for price appreciation. Investors also get to earn a steady stream of rental income. Plus, rental rates typically rise with inflation, further enhancing the investments value over time.

The best part? You dont need to be a real estate mogul like Cardone to own rental properties. These days, there are many real estate investment trusts (REITs) and crowdfunding platforms that enable everyday Americans to earn rental income without becoming a landlord.

So, while there may be some facts to face for single-family homeowners over the next year, there could be a new investment to seize just a few blocks away.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

See original here:

Grant Cardone warns of biggest real estate correction in his lifetime within 12 months heres where he identifies tremendous opportunity' for savvy...

Grant Cardone warns of biggest real estate correction of his life but sees tremendous opportunity' for some

Prolific real estate investor Grant Cardone is sounding the alarm on significant changes within his industry.

During a recent conversation on Fox Business with host Charles Payne, Cardone shared a grim forecast for the real estate market.

Were going to have the biggest real estate correction we've ever had here in the next 12 months, he said. It'll be monster, and it will hit Gen Zs in a way that they'll never touch that asset class again.

The implications of major real estate downturns are profound, as evidenced by the Great Recession in the late 2000s in which millions of Americans defaulted on their mortgages and lost their homes.

This time, however, Cardone believes the impact will be unprecedented and focused primarily on larger developments rather than single-family homes. And if Cardones predictions are true, a certain group of investors are likely to benefit from this correction.

For most people, the single-family home is still thought of as the most accessible and familiar real estate asset. Multi-unit properties, by contrast, have typically been beyond the reach of the average American.

However, Cardone believes this dynamic is set to change.

You have major institutions that are releasing assets back to regular, ordinary, everyday people, he said. Institutions are having to let those properties go because their debt is due.

According to Cardone, this presents a tremendous investment opportunity for regular Americans. He even thinks it could serve as a gateway to substantial opportunities for all age groups, particularly Gen Z.

This is true generational wealth redistribution, he argues.

Cardone is no stranger to making bold statements. After all, the man once called buying a home the worst investment people can make.

Instead, Cardone favors rental properties, seeing them as a more robust investment. In fact, despite anticipating a significant market correction, he remains confident about the future of this asset class.

I'll make a prediction right now real estate will be the number one [investment] category by the year 2026, for all age groups. I guarantee it, he told Payne, outlining several of its advantages.

Its easy to leverage, protects you against inflation, benefits from rent increases, and provides cash flow that people have to have today, said Cardone.

He makes a compelling argument: real estate is widely recognized as an effective hedge against inflation. As the price of raw materials and labor goes up, new properties are more expensive to build. This can drive up the price of existing real estate.

Story continues

Well-chosen properties offer more than just potential for price appreciation. Investors also get to earn a steady stream of rental income. Plus, rental rates typically rise with inflation, further enhancing the investments value over time.

The best part? You dont need to be a real estate mogul like Cardone to own rental properties. These days, there are many real estate investment trusts (REITs) and crowdfunding platforms that enable everyday Americans to earn rental income without becoming a landlord.

So, while there may be some facts to face for single-family homeowners over the next year, there could be a new investment to seize just a few blocks away.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

Read this article:

Grant Cardone warns of biggest real estate correction of his life but sees tremendous opportunity' for some - Yahoo Finance

iStockphoto / Nattakorn Maneerat

Grant Cardone and his 10x Growth Conference rake in cash with the cheapest tickets (for 2025) listed at $1K and the Diamond Front Row tickets costing $20,000 which to some people out there is evidently worth it.

Chasing that 10x lifestyle of Grant Cardone involves dreaming 10x bigger than what you think youre capable of achieving and then taking actions that are ten times more drastic than what you believe you need to do in order to achieve those goals.

For one person, that meant taking out two loans and sleeping in his car in order to get to Grant Cardones conference in Las Vegas but it sort of worked out for him because instead of getting booed or laughed at for taking out loans to be there and sleeping in his car the audience all took money out of their pockets and handed him cash.

Is this white collar panhandling? Not exactly. He didnt ask for handouts. He just asked Grant Cardone what he needed to do in order to level up and then people started handing him money while he stood there with the microphone. He tried to talk but Grant shut him down with dont talk through the close which is hilarious to think this was a close and not a cult-like moment of people just trying to flex they had money to give away in front of their fellow investors.

Anyway, lets see what people on X had to say about this clip:

My main source of income is going to financial conferences and asking for $500

Wholesome cult behavior

Its not stupid if it works lmfaooo bro did get paid

Not very finance of him!

so if I tell people i slept in my car for 2 nights theyll hand me money?

Never seen somebody panhandle at a Finance Conference before. New side hustle unlocked

Audience plant business is booming.

Im shocked that it took this long before someone suggested he was an audience plant because, while Im not at all saying he is/was, thats where my mind immediately went when I first saw this clip on X.

Anyway, if anyones looking to make easy money apparently all you need to do is go to a Grant Cardone conference and tell everyone you took out a loan to be there and theyll shower you with cash. Just dont make the mistake of talking while its happening.

Meanwhile, Grant Cardone says any man making under $400K should be ashamed of themselves. So theres that.

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Broke Guy Takes Out 2 Loans To Attend Grant Cardone Conference Then Gets Showered With Cash - BroBible

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The rest is here:

Grant Cardone: These Are the 3 Money Lessons You Need To Build Wealth - GOBankingRates

Grant Cardone

Grant Cardone, private equity fund manager, real estate investor, author of The 10X Rule and creator of the 10X Profit Planner, recently argued that you should be checking your bank and investment accounts daily.

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In an interview with podcast host Lewis Howes posted on Tik Tok, Cardone said that, for him, some non-negotiables when it comes to finances include that you should look at your money every day.

Experts such as Peter C. Earle, Senior Economist for the American Institute for Economic Research, also agree with this habit, stating that reviewing your personal financial circumstances daily can both be defensive and protective.

Daily checking of bank balances can serve to quickly identify unauthorized transactions or fraud, he said. Unusual activity is sometimes more immediately evident to account holders than to banks or the surveillance algorithms they utilize.

In addition, Earle said that by watching balances on a regular basis, accidental overdrafts can be remedied or prevented. But additionally, keeping an eye on spending habits can serve to keep within a budget, making sure that one-time and recurring charges are accurate and accounted for, he said.

Cardone also suggested that you should check your accounts daily because, he asserts, banks are a scam.

You get money, you work your a** off and then you give it to an institution and forget that its there, he told Howes. Wells Fargo is paying you nothing, Bank of America is paying you nothing. You send it to Chase, theyre not paying you anything.

This is something he has reiterated for many years. For instance, in a December 2023 Tik Tok video, Cardone said that he has been following this rule since he was 25 even when his account was in the red.

Yet, some experts have a different stance regarding the frequency of checking your accounts. Jay Zigmont, PhD, MBA, CFP, and founder of Childfree Wealth, said that for most people, he recommends holding a weekly budget meeting and checking your spending then.

It is unlikely that checking your bank accounts daily is going to do much besides making you more nervous, he added.

When it comes to your investments, Zigmont recommends checking on them twice a year.

The market bounces daily and if you keep too close of an eye on things you may be tempted to make dramatic changes, which can hurt you, he said. Invest for the long term and dont react to the market.

Story continues

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This article originally appeared on GOBankingRates.com: Grant Cardone: This Is Why You Should Be Checking Your Balance Every Day

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Grant Cardone: This Is Why You Should Be Checking Your Balance Every Day - Yahoo Finance

Grant Cardone

Grant Cardone, a private equity fund manager and real estate investor, believes that financial literacy is key for Americans to build wealth. Thats why Cardone has sent a proposal to the Trump campaign to implement a federal program, Financial Freedom for All, which would teach financial basics to all Americans.

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I think Donald Trump would welcome this conversation to say, Lets educate Americans about how to do with their money what successful, wealthy people and investors do with their money,' Cardone told GOBankingRates.

In addition to making financial literacy more accessible, Cardone believes there are some other key policy changes that Trump would implement that would improve Americans finances.

Also see the economic health of every state when Trump was president.

Wealthy people know the best money secrets. Learn how to copy them.

Trump has spoken about wanting to lower taxes, which would not only mean more money in Americans pockets, but which also could have positive ripple effects.

He will lower taxes on all earners, and this means more money to spend and improve the GDP, Cardone said. He also would introduce or extend tax incentives, like accelerated depreciation for investments on major purchases, equipment, homes and businesses, which encourages investors to invest money, not take it off the board.

Find Out: Trump Wants To Eliminate Income Taxes Heres What That Would Mean for the Economy and Your Wallet

With lower taxes and more tax incentives, more businesses would be able to afford to hire more domestic employees.

Anytime you provide tax incentives, youre going to encourage investing, Cardone said. This is the love language of a businessperson: lower taxes and higher incentives for me to take risks.

High interest rates have made it more expensive for Americans to take out mortgages, car loans and other forms of debt. Cardone believes a Trump presidency would mean a long-awaited drop in interest rates.

Trump will hammer the Fed for lower rates, Cardone said. If he doesnt get his way, he will try to collapse the Fed and make it part of his executive office. I think it is not a bad idea that the president would control the interest rates of a country, because we cant be competitive right now. Japan has a mortgage rate of 2.5%. Ours is 7.5%.

If interest rates are brought down, that would make it more affordable for Americans to take out a mortgage and buy a home.

Story continues

Cardone said, Trump would put pressure on the Fed to reduce rates and get them competitive again so people could actually afford a mortgage, which would be under 4% or 4.5% for a mortgage to be competitive with a rent.

More From GOBankingRates

This article originally appeared on GOBankingRates.com: Grant Cardone: 4 Reasons a Trump Win Would Improve Americans Finances

Continue reading here:

Grant Cardone: 4 Reasons a Trump Win Would Improve Americans Finances - Yahoo Finance

GOBankingRates works with many financial advertisers to showcase their products and services to our audiences. These brands compensate us to advertise their products in ads across our site. This compensation may impact how and where products appear on this site. We are not a comparison-tool and these offers do not represent all available deposit, investment, loan or credit products.

View post:

Grant Cardone: Average Rent Will Double in 10 Years -- What To Do If You're Not a Landlord - GOBankingRates

June 5, 2024 12:42 PM | 1 min read

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate.Here's how he does it.

Real estate titan Grant Cardone has said time and time again that Americans should rent instead of buying homes, and he provided a breakdown earlier today in a post on X, formerly Twitter, focused on those 30 years of age and under.

Heres the post:

Cardone asserts that individuals under 30 should avoid purchasing homes. He highlighted the financial burdens of homeownership, citing an average home price of $436,000 with annual expenses of around $50,000. These costs include interest, property taxes, HOA fees, PMI, and maintenance, amounting to approximately $4,200 per month.

Cardone contrasts this with renting, which he notes can cost under $2,000 monthly. He emphasized the benefits of renting, including no long-term commitments, no down payments, and greater mobility. Cardone concludes that buying a house is no longer the "American dream" for younger generations.

This most recent post echoes what he said in an April 12 post where he gave seven reasons why Americans should rent instead of buying a home.

Keep Reading:

Image Credit: YouTube

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate.Here's how he does it.

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Grant Cardone Says 'Anyone Under 30 Years Old Should Not Even Consider Buying A Home At This Time' - Benzinga