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Homeownership has long been a cornerstone of the American dream. It symbolizes independence, financial security and prosperity — but is it a dream worth chasing? Not if you ask real estate investment guru Grant Cardone. “Buying a home without a doubt is the worst investment people can make, yet it’s also the most common one,” he wrote in an Instagram post earlier this month. “Is it because [of] the lack of knowledge people have when it comes to financial education? Or is it just because too many people are trying to fulfill their American dream?” Whatever the reason, Cardone says...

Prominent investors have signaled their intent to halt their business in New York following the $355 million verdict in former President Donald Trump’s civil fraud case. Real estate mogul Grant Cardone announced on Tuesday that his firm Cardone Capital would no longer underwrite New York real estate, one day after Shark Tank star Kevin O’Leary vowed to no longer invest in the state as a result of the verdict. “Immediately discontinue ALL underwriting on New York City real estate,” Cardone ordered his firm in a post on X. “The risk outweigh the opportunities at this time. Recent political decisions will...

Some nationwide real estate investors, like Cardone Capital’s Grant Cardone, have started telling their teams to pack their bags and leave New York after the verdict in former President Trump’s fraud trial. "We thought this year was the opportunity to come into Chicago, California and New York City. I've been waiting for 40 years now to invest in that marketplace. I was completely confident this was the year to come," Cardone told Steve Doocy on "FOX & Friends" on Wednesday. "And when that ruling happened, it was like, pencils down. Don't touch it. Don't go there." The business leader gained...

Real estate investor Grant Cardone posted on X that his company, CardoneCapital, had initiated research into potential investments in New York. However, former President Trump was ordered to pay $355 million following a civil fraud ruling. CardoneCapital just started to research real estate investments in New York believing it was time to get into the market.After the over reach by the judge in the Trump case & penalties imposed of $355M I told them team do NOT waste time in New York.We will 2X our efforts in: Florida Arizona Texas Tennessee pic.twitter.com/zhpA0Su09K— Grant Cardone (@GrantCardone) February 19, 2024Cardone said his...

Tth elevated interest rates and persistently high home prices, American homebuyers have felt firsthand the squeeze on their budgets. According to real estate mogul Grant Cardone, the necessity for substantially longer mortgage terms is on the horizon. “The savior of America will not be lower prices, it will be longer mortgages,” he said in a recent TikTok video. “In your lifetime, you will see mortgages go from 30 to 40, 50 and maybe even 60 years. You could, if you live long enough, see a 100-year mortgage in America.”

Grant Cardone sends a message to Barack Obama about his recent speech on the middle class. "Everybody has their fair shot. A fair shot is waking up in the morning. Obama says everyone gets their fair shot when they play by the same rules. Successful people don't play by the same rules. They invest, take chances, and take 10X actions. And they take risks MOST are not willing to take. The middle class is suffering because they operate on a 'Just enough' attitude."