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'America will become a renter nation': Grant Cardone warns the US could see 100-year mortgages — says we might even rent our clothes (finance.yahoo.com)
submitted 2 years ago by to c/news@lemmy.world
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[+] -16 points 2 years ago* (3 children)

Yeah. And what's funny is, every single person renting gives those corporations more power to do the same thing elsewhere.

This generation failed to appreciate the value of ownership, and they're getting fucked for it left and right.

At least they're not alone, which is what most of them tell themselves.

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  • [–] 12 points 2 years ago

    Most people don't exactly have a choice. They kinda need places to live near their jobs which almost always dictate where they live.

    Also, appreciate the value of ownership? How do you expect almost anyone in Gen Z to afford to own anything more substantial than a car? The oldest of us are just starting our professions after getting out of college/trade school, and getting into jobs that don't pay enough to afford a house anytime soon. We never even had the option of ownership because housing is fucked.

    Hell I'm one of the lucky ones. I graduated college without debt and I make really good money, but it's gonna take me 5 years to save up a down payment for a $8k a month mortgage despite living well below my means. I can only imagine how fucked it is for the average person who will never have the chance to own anything at all.

    We never had the choice to own anything.

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  • [–] 5 points 2 years ago (1 child)

    This generation failed to appreciate the value of ownership,

    This is the dumbest take of the day. And it isn't even 9am.

    Stagnant/low wages, price hikes, wealth being funnelled up the chain, and more and more red tape attached to every transaction are the problem. Not people who don't want to own. Get your head out of your ass.

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  • [+] -7 points 2 years ago (1 child)

    Hey genius, what do you think causes wealth to funnel up the chain?

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  • [–] 3 points 2 years ago (1 child)

    It sure as fuck isn't an aversion to ownership.

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  • [–] -5 points 2 years ago* (1 child)

    Really? You think renting has nothing to do with it?

    I mean, I guess that's probably why you're bad with money 🤷

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  • [–] 0 points 2 years ago* (last edited 2 years ago) (1 child)

    hah!

    I will never tire of people who think they know me based on my empathy for those who are worse off.

    I don't rent. And I support myself, my wife, and two other families. THAT is why I'm bad with money. Empathy...

    Statistically speaking - I probably pay more in tax than the average person makes in a year. And I am happy to do so in order to help fund the safety nets that are important to the rest of the country.

    Wanna take another swing, champ?

    [Edit: Removed unnecessary insulting term "moron"]

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  • [–] -3 points 2 years ago (1 child)

    So you admit people who are proud of renting are bad with money?

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  • [–] 0 points 2 years ago (1 child)

    If you got that out of what I typed then I probably should have left the word moron in the previous reply.

    Take a hike. I won't reply again, but if you want to spew some more idiocy here I will read it and even upvote you so you can get the little dopamine hit you obviously need.

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  • [+] -10 points 2 years ago (1 child)

    All of the evils we bemoan in modern society start with consumers paying for those evils.

    "But I have no choice!"

    Choose helplessness, beg our bought and paid for governments to bail you out. How's that working?

    Remember how the price of gas collapsed during COIVD? Yeah, because people quit buying.

    It's hard to learn self-reliance and related skills. But don't come crying to me saying, "We've never taken ownership of our issues and why won't the government fix it?!"

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  • [–] -1 points 2 years ago

    beg our bought and paid for governments to bail you out.

    And

    Remember how the price of gas collapsed during COIVD? Yeah, because people quit buying.

    They could quit buying because of government assistance pressuring businesses to close. And then providing assistance to those forced to stay home.

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