Private equity fund manager Grant Cardone joined ‘FOX & Friends’ to discuss current struggles with the housing market and the impact interest rates have on consumers.
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Democrats ruin everything they touch
This man is not an expert. He is a Scientologist scam artist that will likely have fraud charges brought against him. At some point Fox needs to do a better job of vetting their “experts “
I bet he owns the Apartment complex that he rents you.
The question is WHAT IS HE SELLING ? Apartment leases ? Homeownership will always look like a bad decision to him.
This guy is the problem with American housing.
Of course Fox having a snake oil salesman aint nothing new
You gotta be a dummy to believe this guy and this dumb, head-bobbing broad, but this is Fox "News" so, it's par for the course. Cardone comes in with a bogus, attention-grabbing headline of "greatest real estate correction in his lifetime" just to get air time, and Fox "News" is happy to give it to him. Aside from him blatantly ignoring the historic real estate drop in the Great Recession, there's no new "great RE correction" on the horizon. The commercial RE market has already been hit; there's no historic "correction" coming on top of that, esp. as more workers are being forced back to the office, even among high tech companies, like Amazon. And then he says that it will be a "great opportunity for regular, ordinary people to grab trophy properties from institutions." Yeah, ordinary people who can't afford to buy homes are gonna be able to buy apartment complexes! Another lie of his is about how the Fed "didn't" control inflation….the Federal Reserve has controlled inflation, and, it now appears that it will be successful in doing so with a "soft landing" to the economy, which is why the stock market has started a bull phase. This guy spouts nonsense, so he's probably a Fox "News" regular. If I remember his name, I won't be fooled into clicking on another of his segments.
Isn’t he the guy who told people not to put money in savings and go out and drive up housing prices.
Awe…poor millionaire real estate agents can’t pay their rent 🥺. Sucks to suck. Get a real job now. Welcome to the club. They make 10s of thousands off of one house, golf and drink everyday and now they can’t pay their rent. Don’t worry I’m sure the government will bail you out (again).
The apartments like AVALON are expensive and beautiful but they lack decent management and every year the amenities decrease or are less desirable. They actually charge for the use of amenities also.
Lol…keep the prices up that's the American dreams, depth 😂😂😂
i would rather own a house than live in a place that i dont really own, what if i fall on hard times they just gonna kick me out.
Expert scam artist
The newer homes built in El Cajon were posted FOR RENT. They want you to be in forever indebted to them so they don’t want you to own it. If a 1 bedroom apartment goes for $1700 at least how much is a house for rent? I feel bad for people that need a home right now.
Are you kidding me? He hasn’t been to Phoenix, Dallas, Austin, Oklahoma City or almost any large city. Except for the ‘sanctuary’ cities…most cities of any size is booming. Except for California. How to I know? I’ve traveled extensively in the USA this past year…they are building as fast as they can and people buy them as fast as they go on the market. And, the Feds are going to lower the interest rate more than once in 2024. Another patriot that is just reading the lines….gezzz. PS…it’s water supply that is the worry.
I'm an expert in not paying half a million dollars for a 2 bedroom with a leeky roof.😅
So owning my own home will not make me happy. But this guy owning it and renting it to me will make me happy? Yeah, right.
Self-interested drivel. He claims the market is undergoing a huge correction (true) but then simultaneously begs for interest rates to be cut which he claims (bizarrely) will lower real estate prices….. which he already acknowledged was happening already!
This guy is a hustler.
Cardone and his kind is what has ruined the housing market
The economy is good and fox cult station are poisoning people
The average US inflation rate from 1914 to 2023 was 3.30% today it is 3.14% the guy is just another mouthpiece that Fox parades to appease its audience. Stocks are up, Crypto is up, prices are down, and raising rates is working.
Is this a real estate report an anti-Fed rant?
She said his name wrong and he kept his cool. He’s dope. 10X
I heard this years ago. 2019' on everything is twice the price!
Cardone is barking up the wrong tree. His analysis and prediction is completely incorrect. For as long as I've been on this planet, mortgages have always been doubled or even tripled what rent costs are.
Pmi insurance is a scam
Housing is a small sector of the economy.
"Grant Cardo-knee"
Cardoney 😂
Grant Cardone is the last person I would consider a real estate "expert"
The guy😂 full of it,
he is definitely filling himself
I do not trust anything this scam artist got to say 😂😂😂. Expert?
lmfao my ex wife used to watch this loser on youtube and she wanted to go sit at his convention "b-b-but it's free!"
Renting is better. Greed is what has driven this inevitable catastrophe. People don't want homes, they want safe kiving spaces. We are almost 25 years into the 21st century. The economy is completely different. Nobody owns anything. It's an illusion. God will snatch every single nail in a zeptosecond. For the last 3 years I've been talking about an economic reset. Nobody believed me. Because the message came from God, yet here we are. An economic reset is coming.
This guy is an idiot the major issue here is REITs and private equity owners manipulating the market. If there were laws to hinder this making them pay more taxes cost would drop and allow people to have more funds for savings and slow down inflation. this inflation spike is due to more of the market being held by investors that make the average rent cost more than the average mortgage. this is something i see daily as a real estate broker and mortgage banker in 22 states. this government doesn't care about you all and both parties are sell outs. they will cause homelessness to go out of control while making sure the majority of you will never retire. a house isn't something you invest in for fast gains it's something you invest in for retirement as if you retire renting and are not extremely well off you will end up homeless with inflation.
Its all intentional too sadly
Hard to feel sorry for real estate agents. They are the ones who push up home prices — constantly asking more and more and more, stoking greed in a market where there was a shortage of homes.
Lies