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.

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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