Grant Cardone, a prominent real estate mogul, asserts that Americans under the age of 30 should not consider buying a home. He suggests that the high cost of homeownership, with the average home priced around $436,000, makes it an impractical investment for younger individuals. Cardone advocates renting as a more financially sound decision, emphasizing the benefits of lower monthly costs and greater mobility. Despite his stance against buying homes, Cardone still sees value in real estate as an investment. He offers three alternative methods to invest in real estate without the burdens of homeownership: Real Estate Investment Trusts (REITs), crowdfunding platforms, and exchange-traded funds (ETFs). REITs provide a way to invest in income-producing properties with minimal effort, while crowdfunding platforms like Fundrise and Arrived allow small-scale investments in rental properties and commercial real estate. ETFs offer a diversified approach to investing in the real estate market. These strategies can help young investors build wealth without the financial strain of owning a home.
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