[Mortgage Is 'Just A Fancy Bullsh*t Word For Paying Rent For 30 Years To The Bank,' Says Real Estate Billionaire Grant Cardone — Here's Why Renting Could Be A Better Financial Move

](https://finance.yahoo.com/news/mortgage-just-fancy-bullsh-t-171148202.html?guccounter=1)

you are viewing a single comment's thread
view the rest of the comments
[–] 13 points 2 years ago* (2 children)

Which is the problem we have: For way too many people an asset capable of depreciation is their main or even only retirement savings. So reducing the price of housing will be a problem for a lot of local and state taxpayers.

Not saying it's right, just saying how it is.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 3 points 2 years ago (1 child)

    Wait - can you explain this further?

    Why depreciating asset?

    Also, they probably aren't selling it right? Just using as a rent-free option after paying mortgage to lower cost of living?

    What am I missing?

  • source
  • parent
  • hideshow 1 child comment