The real conversation renters who want to be homeowners should have
The real conversation renters who want to be homeowners should have
There are both pros and cons to renting versus buying
“Don’t be a one-do’ ho,” Grant Cardone said in his interview on the “Earn Your Leisure” podcast. I paused over this line. While literally everyone I know can agree that owning a home adds a level of stability that renting does not, this real estate mogul was saying the exact opposite: rent and buy more. He later clarified that being a real estate owner wasn’t a bad business move; his issue was relying on one tenant to pay all of his bills. So he went from owning one single-family home to a 48-unit apartment building.
Having several streams of income is something I can definitely get behind. But I just couldn’t really see where he was coming from when it came to renting every 14 months versus owning. Then again, I don’t have $300 million nor the patience to pack and unpack at a moment’s notice. I’ve lived in three states and moved eight times (not including returning to the same place) before I turned 40. I’m over it. Still, I understand why Lending Tree surveyors (and Grant Cardone) were both pro-renter and pro-homeowner.