'America will become a renter nation': Grant Cardone warns the US could see 100-year mortgages — says we might even rent our clothes

"Financial Influencer Grant Cardone Says He Can Make You A Billionaire. His Investors Claim He Defrauded Them."

https://www.huffpost.com/entry/grant-cardone-financial-influencer_n_64ada368e4b0e87d65574e9b

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.

Its kind of a perfect scam actually: Set up the terms and conditions such that if there is any damage to the clothes, you have to pay for their repair or replacement, and then also offer clothing rental insurance for an extra fee, just in case!

Pay a bunch of instagram and tiktok influencers to rep various fashions and the clothing rental company, and of course manufacture all the clothes in sweatshops in the global south and charge something like 10 to 1000 times the variable cost of making any particular clothing item to the global north, but then rent the article of clothing for what 1/3 of the that number, per week.

Works much better if you can make certain clothing items /only/ rentable and not outright purchasable via basically coordinating with existing brands, exclusivity works to get gamers to shell out stupid amounts of money for basically unique cosmetics, why wouldnt it work here?

People bought gamer girl bath water, Republicans have destroyed public education, scrolling insta or tik tok all the time is basically known to cause various mental disorders but people so it because its addictive like a drug...

... yes i absolutely believe American Gen Zers would fall for this, and probably a good number of Millenials too

Hooray Capitalism!

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.

Neofeudalism is the goal of capitalism, always has been.

Or…perhaps…instead of 100-year mortgages we learn from the French and start separating heads and wealth from the 1% that are trying to own everything so they can rent it to us.

In Montreal, Québec, 0.045% of the population own over 30% of residential properties.

Edit: actually that's 0.46% of property owners own 32% of rental properties in Montréal.

Source (French)

I keep saying this, companies want a lifeline to your wallets.

But nobody wants to listen.

I'm going to sit down with Mom and get a refresher course on sewing. I can make simple stuff.

I have made clothing patterns in Autocad and printed them out on a plotter before. Going to pirate some pants.

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.

I mean... we are kitty corner from straight up feudalism.

Edit: Protip: Feudalism is Anarchy where the top dogs are really abusive about asserting their dominance.

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.

says we might even rent out clothes

With today's fast fashion churning out clothes with shorter and shorter lifespans combined with our cultural love of replacement over repair, we basically already do.

Do you want drastically increased theft? Because that's how you get drastically increased theft

If this happens...anyone want to be a ter---uh rebel?? silently lights up cocktail

Grant Cardone? Not even remotely credible, this is a joke.

you can already rent tuxes and wedding dresses, for years now tho??

What a load of crap. “if these data points I cherry picked hold to this trend in a straight line forever” blah, blah, blah. By the way, buy my book

I will kill myself if life ends up this bad.

Somebody's been reading Snow Crash again.

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.

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

Anyone wanna rent my pants? It only has one yellow stain.

You will have no privacy, own nothing, and be a prisoner.

AAS (as a service) is coming in all forms. We're almost there, in reality. Cars, houses, etc etc.

FTA:

"you might even rent your clothes in the future."

The future?

https://www.mysubscriptionaddiction.com/best-clothing-subscription-boxes

So capitalism is turning into communism except it's the plutocrats that end up owning everything instead of the government? Neat.

Is that why it’s tearing itself apart? /s

Wait, are we renting or are we having 100 year mortgages?

capitalism FTW!

Hanes brand has entered the chat.

Don't give this moron the attention he craves.

Yeah this probably won't happen