If this happens…snyone want to be a ter—uh rebel?? silently lights up cocktail
So capitalism is turning into communism except it’s the plutocrats that end up owning everything instead of the government? Neat.
The difference between the two largely becomes academic after a certain point. Impoverished masses toiling in exchange for minimal benefits so that an oligarchy can strip the nation’s economy dry.
It’s almost like we can’t blindly trust people in power or something.
you can already rent tuxes and wedding dresses, for years now tho??
If renting clothes becomes the norm, I’m renting self defence weapons for the inevitable riots
I mean… we are kitty corner from straight up feudalism.
You will have no privacy, own nothing, and be a prisoner.
Anyone wanna rent my pants? It only has one yellow stain.
Hes not wrong, but why are we listening to a famous internet grifter?
Grant Cardone is a Scientologist who more or less runs a variety of real estate scams to enrich himself and other prominent Scientologists.
That being said, I would not be surprised if we end up with 50 year mortgages, but 100 seems absolutely insane to me as just… most people do not live that long.
Renting clothes? Honestly, this wouldnt surprise me either.
Anyway, I think Cardone is saying stuff like this to try to posture as a concerned citizen, meanwhile, if I am not mistaken, I am fairly sure he is facing legal trouble relating to basically running a real estate flavored ponzi scheme. So I mean he is a real estate guy rofl, and I think his general concern is valid… its nearly certainly just him doing his own PR.
just… most people do not live that long.
That’s the point though. Even after generations paying on the same house the bank gets it back to “sell” again
Rent-a-Swag wants royalties!
Wait, are we rentitor are we having 100 year mortgages?
What?
You’ll have to pay a 100 year life mortgage for the opportunity to rent everything. Think of it as a subscription to stay alive in America
/s
The thing is, if everyone rents homes, then there will be a ton of political pressure to fix pricing. Of course the system is so broken that there’s no guarantee of real change, but it could happen.
You’re assuming people won’t vote directly against their interests. This is America lol
In Montreal, Québec, 0.045% of the population own over 30% of residential properties.
Ben La!!
Source?
they United States Federal government holds the note on my house. I’m paying 1% interest. for 33 years.
it’s a pretty sweet deal.
Everyone loves a planned economy pretending to be a free market. It just happens that the plan of the US economy is to give alllll the money and assets to a small selection of political sugar daddies.
no matter as long as I have my place in heaven and all my sins are forgiven… who needs money, health or even happiness? God bless america, gimme guns, freeeeedom! /s
Just popping in to remind everyone that ‘free market’ as commonly defined is a misnomer.
The market tilts toward imbalance always, and the notion that it regulates itself is a myth. The consolidation we see today and rave against as a ‘planned economy’ is not an aberration of the free market, it is exactly the thing it was expected to do.
Because our money is worthless and all the wealth is in the hands of people we’ll never even see bc they live in the modern equivalent of castles? But hey at least we can finance cheap useless mass produced shit from overseas and feel so bougie
