Things in America have to change

Things in America have to change

Grant Cardone “Is this the American Dream?”

- Average rent in America is $1,875
- The average mortgage is almost $4,000
- On the mortgage “the bank's gonna make 7% for 30 years. You'd have to make 200% on the home purchase” to break even

“Let's say it's in Orange County with houses, 800 grand. You'd have to sell the house for $2 million just to pay the interest back.” “Wow”

But that’s not even breaking even because you have

- Property taxes, maintenance, the wear and tear

Grand Cardone makes it clear at the current prices, the American Dream of owning a home is a SCAM

“How does a mortgage make sense? Which is just a fancy bull word for pay rent for 30 years to the bank. 'cause the bank's gonna make 7% for 30 years.”