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.