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Stock impact report

Grant Cardone says owning a home in America is a ‘terrible investment' — what to do instead [Yahoo! Finance]

Gladstone Land Corporation (LAND) 
Last gladstone land corporation earnings: 2/19 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.gladstoneland.com
Company Research Source: Yahoo! Finance
In an interview with podcaster Sean Mike Kelly, Cardone called buying a home “a terrible investment.” That may sound ironic coming from someone known for investing in residential real estate. But Cardone was quick to explain why: “[A home] doesn't cash flow. You don't get big tax write-offs because of it. You have no leverage. You're living in it. You're paying for it. You never own it. Even when the loan is paid, you don't own it, no, you still got to pay property taxes, still got to insure, still got to maintain it.” When you buy a home to live in, it's true that it doesn't generate any cash flow. And even once the mortgage is paid off, there are still ongoing costs: property taxes, insurance premiums, repairs and maintenance. And they can add up fast. A 2024 Bankrate study found that the “hidden expenses” of owning a single-family home in the U.S. total $18,118 per year — covering everything from property taxes and insurance to maintenance, repairs and utilities. In other wo Show less Read more
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