Shift from owning to renting due to economic factors like housing prices, predicting trend towards renting

From Yahoo Finance: 2025-06-09 12:31:00

Real estate investor Grant Cardone predicts a shift from owning to renting property due to economic factors like housing prices and the Biden administration’s policies. He believes the U.S. is becoming a renter nation, with more people choosing to rent during recessions for financial reasons.

Cardone emphasizes the difficulty of securing mortgages during economic downturns, leading to increased demand for rentals. He notes a trend of waiting for housing prices to drop before buying, as seen in California where high costs and mortgage requirements deter ownership. Mobility and financial considerations are influencing this shift.

Cardone argues against viewing a primary residence as a good investment, suggesting stock market investments may yield higher returns. He warns of the impact of increasing federal debt on housing affordability and purchasing power. The debate between buying and renting is influenced by economic factors and personal financial situations.

Investing in Cytonics to disrupt Big Pharma, Cardone advocates for mobility and rental living over homeownership. He highlights the drawbacks of traditional home ownership and the potential benefits of investing in other assets for higher returns. The changing economic landscape and financial considerations are shaping the housing market.

Read more: ‘Many People Don’t Want To Commit To 30 Years. They’re On The Move.’