Grant Cardone — billionaire, TikTok star, motivational speaker and author of The 10X Rule — shared some thoughts exclusive to Benzinga.
Cardone is well known for his belief in real estate to accumulate wealth. If you’re at all familiar with Cardone, you’ve heard him extol the possibilities that real estate provides and why it’s actually advantageous to not live where you own.
He’s made a fortune with Cardone Capital, which pays investors monthly. Cardone Capital is not a real estate investment trust (REIT) or a stock. Cardone Capital is a long-term investment vehicle structured to last at least ten years that operates as a crowdfunded real estate platform. Cardone Capital buys high-end real estate and rents it out to creditworthy renters.
Cardone is arguably the most effective real estate mogul in the world and certainly one of the most well-known. His success in the market seemingly influenced Amazon.com Inc. founder Jeff Bezos to do the same. As you’ll read, Cardone’s quotes align with Tesla Inc. CEO Elon Musk and his vision of the near future (spoiler: an inevitable recession).
Cardone said that “the end user homeowner who needs a mortgage will be squeezed out of the housing market. They will be unable to buy the house even at a lower price because interest rates doubled. We will look back on this time and realize the Fed trying to control inflation actually created more damage than good, ending the chance for most to own their own home.”
All is not lost, however. The adage — where there is chaos, there is opportunity — applies here. Cardone painted an optimistic picture despite the direction that things seem to be heading. Cardone said, “I am an aggressive buyer through the end of the year and through next year of income-producing real estate. We will look back and realize that 2022 was the year the Fed created the biggest renter boom in America’s history.”
If you have the means to invest in a rental property, according to Cardone “I believe we are entering the BEST real estate market opportunity since 2008.” Those opportunities could include monetizing real estate like Airbnb Inc., buying crowdsourced real estate platforms that allow for fractional ownership and more prominent and experienced residential-focused REITs. Your portfolio could include steady income from the impending housing market crisis.
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A negative spread between rates on 3-month bills and the 10-year note has forecast the past eight recessions “with no false signals,” says Campbell Harvey.
The stock market reached that point this past week. Oh, the market was hopeful, entering the week, that inflation had reached its peak, that the Federal Reserve would stop raising rates soon, that the bottom was in. All of this occurred the week before the Fed meets to discuss its next rate increase, which is likely to be another 0.75 percentage point.
MARK HULBERT Predictions are difficult, especially about the future. I was reminded of this famous quotation by a recent study of Wall Street research firms’ track records when projecting the longer-term returns of the various asset classes.
Those investors who lived through the great recession of 2008 are understandably concerned about the current state of the housing market in the U.S. While prices and inventory have shifted along with rising interest rates, the fear of replicating the housing disaster of 2008 is, for the time being, probably unfounded. The most obvious differentiators between the housing crisis of 2008 and today’s housing market are twofold. First, the recession, which coincided with the housing market crash, was
You can't guess the bottom. But a bargain is a bargain.
Americans are going to feel "some pain" because of a slowing economy, the Federal Reserve has warned. But what the Fed won't do next week is predict a painful recession.
For months now, economic experts have been sounding warnings about an upcoming recession. The Federal Reserve has been quite aggressive with interest rate hikes this year in an effort to slow the pace of inflation. The Fed's goal is to make borrowing expensive enough that consumer spending starts to decline, thereby helping to close the gap between supply and demand that caused the cost of goods to soar.
WASHINGTON (Reuters) -U.S. consumers' near-term inflation expectations fell to a one-year low in September and the outlook over the next five years also improved, easing fears that the Federal Reserve could raise interest rates by a full percentage point next week. The University of Michigan's survey on Friday followed in the wake of data this week showing a surprise increase in consumer prices in August, which raised concerns that high inflation was becoming entrenched. "This more or less silences those calls for a 100-basis-point hike next week," said Jennifer Lee, a senior economist at BMO Capital Markets in Toronto.
Make taking the easy route the profitable option for once.
Image source: Getty Images In the wake of a hot housing market that saw double-digit growth for the past two years, the housing market is slowing down. According to data from Redfin, home sales in July dropped 19.
Student-loan debt cancellation provides financial relief for borrowers while raising some personal-finance questions for them.
Inflation is high and interest rates keep rising, leading to a lot of speculation about the housing market, with many throwing around the word “crash.”
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With autumn just a week away, the San Francisco real estate market has officially entered its high season. According to brokers doing business in the city, buyer pools are again beginning to grow in size and some choice properties will likely come to market some time this month. Vanguard Properties co-owner Frank Nolan told me that after a "very quiet August" he has seen inventory spike 30% week-over-week at mid-month.
More than half of Africa’s total wealth is controlled by only three nations according to this year’s Africa Wealth Report (pdf) published by UK investment consultancy firm Henley & Partners in partnership with South African wealth intelligence firm New World Wealth.
Following the death of a 3-year-old girl who died of heatstroke in a school bus, a child care facility in Japan is holding drills to teach children how to sound the horn if they are left alone in a vehicle. The Musashino Junior College-affiliated child care center in Sayama, Saitama Prefecture, included the drill in its annual traffic safety class to teach children how to seek help by themselves in case of emergency. Sayama Police Station officers first taught the children with a model steering wheel.
People wait in line for a free morning meal in Los Angeles in April 2020. High and rising inequality is one reason the U.S. ranks badly on some international measures of development. Frederic J. Brown/ AFP via Getty ImagesThe United States may regard itself as a “leader of the free world,” but an index of development released in July 2022 places the country much farther down the list. In its global rankings, the United Nations Office of Sustainable Development dropped the U.S. to 41st worldwide,
Indian billionaire Gautam Adani is now the world’s second richest person. The only person richer than him now is Tesla chief Elon Musk.
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