Hey, Grant Cardone, New York Times Best Selling Author and your friend in sales and in business. I want to talk to you about buying a home. I live in Miami Beach now and this housing market in Miami Beach is the most overheated, greediest, I am talking greed like I have never seen in my entire life. There is so much greed in the Miami housing market that people should be arrested right now I’m talking about people that are trying to sell their homes. These prices are crazy and I am actually tempted, my wife is tempting me to buy a house. The reason I want to share this rant with you right now is… I find how compelling it is to think about buying my own home, fixing my own home. For the last year and a half we have rented. We have been happy renting. But we started looking at houses and we get seduced into the idea of fixing our house up, how happy we’re going to be. My wife even told me if you bought me this place I would never ask for anything else ever again and I am starting to buy it. I’m literally going into the ether believing the house purchase is going to make us happy and make her happier. Folks it’s crazy you don’t need to buy a house. Every house bought has to pay property taxes. I have to maintain it, I have to clean it, I have to wash it, I have to take care of it, I have to fix the roof, I have to paint it, I have to cut the grass. Look, if you can’t be happy where you are living, you are not going to be happy in the dream house that you buy. It’s crazy, it’s whack, if it doesn’t earn you income don’t buy it.

  • RaymondDaniel1

    Dont buy house unless is not making you any income? I feel a bit conflicted about that…

  • ElitsaBikova

    It is quite simple, you can buy a house with the purpose of renting it, hence, steady income 🙂

  • StanSK

    should come over to australia melbourne to see what is greedy :)))

  • Carl Langston

    Thank you for that rant. Answered my question before I could ask. Amazing common sense.

  • FJR

    Grant where the hell did that come from?  Was that a video to ‘sell’ you wife on not buying a dam home?

  • kimbjeep

    Buy smart.

  • This felt a lil negative… Won’t allow it in my brain space. Thinking “abundance”.
    If you want it…go get it.

  • It is a lot of work to maintain a home, but you can also outsource all of that maintenance. Just depends on what you want!

  • MamaBearInCalifornia

    It takes a lot of effort, dedication and interest to maintain a home. I’ve been renovating one for a while, partially as a learning process. It has been an amazing situation that will result in a major win when it is completed, passes inspection and sold!  I discovered that I do not want to own a home right away because it’s more of a lifestyle expense and time occupation that I’d rather spend on my family. You also need to fit into your neighborhood and be happy with your neighbors. I am trying to elevate my current environment in order to bring value, but if that does not fit in with the personality of your neighbors, you’ll get lots of resistance and it can affect your property values if neighbors get nasty about your improvements. I’m all for renting at this point.

  • Sue Moseley

    I don’t understand the logic in this at all. We own our own home (we own 3 actually). Our main home today is worth almost ten times what we paid for it. Since the mortgage is paid off (long ago) the only bills to pay are the same ones we would be paying if the house was rented, except we don’t have rent to pay on top. It would take only 2 years worth of rent at today’s prices to pay the same price we paid for this house 33 years ago, and if we were renting, after all these years we would have paid the price of the house many times over – how is that a good way  of handling money? Renting to me is throwing money down the drain. The increase in the value of our home home is tax free when we move. Owning your own home is a no-brainer. I encouraged my daughter to get on the property lader and at 23 she bought her first home – a 3 bed semi. In one year she has already doubled the capital in her home since moving in, as she bought a reposessed fixer-upper – she has made about 3 times what she has spent on it. Her mortgage is less than half what her friends are paying for their little flats, which they are not even allowed to decorate and yet she has a 3 bedroomed house with front and back gardens, which is like new inside, since she needed to gut the place and start over. Buying a home does earn you income if you are careful about what you buy. What’s more it’s tax free income, it gives a better return than savings and it’s a nest egg you can call on if someting catastrophic happens in life that prevents you from working (been there).

  • RickGinn

    @Sue Moseley A home is flat out an expense!   If you took that same money and invested into an Apartment, which one would you be better off with?   BTW, during tough economic times, you have little to NO access to your house equity!