Grant Cardone's Controversial Advice: Don't Buy a Home Until You're Wealthy

Financial expert Grant Cardone recently shared his unconventional advice on homeownership, cautioning against buying a home until significant wealth is achieved. Cardone, who manages a $5 billion equity fund, stated, "Homes going forward over the next thirty years will prove to be an even worse investment than the last thirty years." He supports this claim by citing the high costs of maintenance and the time commitment involved in homeownership. He uses his own experience of owning two homes as an example, admitting they are "terrible investments." Instead of rushing into homeownership, Cardone recommends investing in oneself, one's business, and cash-flowing real estate. His advice is likely to generate discussion among young people and those considering real estate investments.