this post was submitted on 09 Dec 2023
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[Mortgage Is 'Just A Fancy Bullsh*t Word For Paying Rent For 30 Years To The Bank,' Says Real Estate Billionaire Grant Cardone — Here's Why Renting Could Be A Better Financial Move

](https://finance.yahoo.com/news/mortgage-just-fancy-bullsh-t-171148202.html?guccounter=1)

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[–] whoisearth@lemmy.ca 0 points 11 months ago* (last edited 11 months ago) (30 children)

There is no right or wrong answer when it comes to rent vs own. Do what is best for you

What I will impart to people here though is always look where the message is coming from. Therein you glean some of the answer.

[–] CosmicCleric@lemmy.world -1 points 11 months ago (29 children)

There is no sight or wrong answer when it comes to rent vs own. Do what is best for you

Putting money into your own ownership, versus putting money in for somebody else's ownership, is a very straightforward scenario examination, to determine which one is better for you.

[–] callouscomic@lemm.ee 0 points 11 months ago (6 children)

Grossly oversimplifying home ownership.

[–] JudahBenHur@lemm.ee 0 points 11 months ago (1 children)

its kind of not. we own now. its great. everytime we pay our mortgage, which feels exactly the same as when we were paying rent, we are in essence saving that money as we get it back when we sell this place (which is all contigent on how much its worth when we sell etc).

when we were paying rent, we paid the landperson's mortgage off month by month, making themmrew wealthy. upkeep is always a part of everything you own.

[–] karakoram@lemmy.world 0 points 11 months ago* (last edited 11 months ago) (1 children)

Spoken like someone who has never had a surprise maintenance issue pop up unexpectedly that costs multiple times your monthly mortgage.

[–] CosmicCleric@lemmy.world -1 points 11 months ago* (last edited 11 months ago)

True, you need to be able to afford to home while you're living in it, but you make all of that up and more when you sell the property.

Also, your "costs multiple times your monthly mortgage" comment is a rare thing. Usually its just a couple of hundred dollars type of repair, and its a few times in a year.

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