‘America will become a renter nation’: says billionaire Grant Cardone. Making the most of the market without a mortgage
View original at finance.yahoo.com‘America will become a renter nation’: says billionaire Grant Cardone. Making the most of the market without a mortgage Gabe Ginsberg / Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below…
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The savior of America will be longer mortgages, not lower prices
80% confidenceHousing prices will skyrocket over the next decade due to high mortgage rates
80% confidenceAmerica will become a renter nation where people rent cars, homes, and potentially clothes
80% confidenceLenders offering 40-year mortgages often include nontraditional mortgage features since they don't meet qualified mortgage standards
80% confidenceMortgage rates expected to stay at current levels until end of 2027
80% confidencePeople should rent where they live and invest the savings in cash-flowing real estate
80% confidenceInvestors should start with 32 units for multifamily real estate
80% confidenceRents in the country are about half of what a mortgage payment is
80% confidenceMortgages will extend to 40, 50, 60, and potentially 100-year terms in the future
80% confidence