A survey by LendingTree shows 94% of Americans see homeownership as part of the American dream, but real estate tycoon Grant Cardone disagrees. Bankrate analysis reveals buying a home is 37% more expensive than renting in all major U.S. metros, supporting Cardone’s argument to invest in assets with better returns.
Cardone advocates for owning rental properties, citing their ability to generate cash flow, offer tax advantages, and appreciate over time. The average gross rental yield across the U.S. is 6.1%, making rental properties a triple threat for investors. Mogul offers fractional ownership in blue-chip rental properties with an average annual IRR of 18.8%.
Commercial real estate, such as data centers and grocery-anchored retail centers, offers higher yields and stability during economic downturns. First National Realty Partners provides access to commercial real estate assets leased by major retailers like Walmart and Kroger. Investors can easily explore available deals and make allocations through a personalized portal.
Stocks have historically outperformed the housing market, with the S&P 500 delivering annualized returns of 8.41% compared to the housing market’s 6.1%. Moby, an investment research platform, offers actionable stock picks that have outperformed the S&P 500 by nearly 12%. Their reports are perfect for informed decision-making without complex financial jargon.
Grant Cardone emphasizes the potential of cryptocurrency, noting its historical outperformance compared to the housing market. While Bitcoin has delivered a compounded annual growth rate of 100.68% in the past 12 years, it’s important to consider the volatility and risks associated with crypto investments. Robinhood offers a user-friendly, commission-free platform for investing in cryptocurrency.
This article originally appeared on Moneywise.com under the title: Grant Cardone blasts ‘American dream’ of homeownership. It provides information only and should not be construed as advice.
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