restingboredface@sh.itjust.works to

News@lemmy.worldEnglish · 7 months ago

Rental property billionaire says buying a home (with a mortgage) is "fancy bullshit" and you should rent instead

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Rental property billionaire says buying a home (with a mortgage) is "fancy bullshit" and you should rent instead

restingboredface@sh.itjust.works to

News@lemmy.worldEnglish · 7 months ago

[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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MolochAlter@lemmy.world
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7 months ago
Wild. Here in the Netherlands any mortgage you can be approved for on a middle class salary will be 3/4 to 2/3 of the average area rent.

Just by virtue of the fact that banks have stricter rules for income to mortgage payment ratios.

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