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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[–] [email protected] 37 points 1 year ago* (last edited 1 year ago) (49 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 21 points 1 year ago (44 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.

[–] [email protected] 28 points 1 year ago (34 children)

Yes and no. Ownership is valuable. But the flexibility to live and move with less responsibility is also valuable.

[–] michaelnik 1 points 1 year ago

Afaik the mortgage market (setting mortgage payments, type of mortgage: fixed vs floating) is one of the more efficient markets. So choosing rent/own might not be such a big dilema.

Current state (continuous rise of home prices) is, however, concerning. It used to be that USA's flexibility to move (and refi) was its great advantage (in labor market).

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