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this post was submitted on 13 Dec 2023
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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.
100 year mortgages are already a thing in Japan. Generational wealth? LOL - let me introduce you to generational debt.
https://www.sciencedirect.com/science/article/abs/pii/1061951895900047
Well that is depressing.
May I present Infinity Mortgages from Canada.
In Switzerland most mortgages don't have limits. For tax purposes, it only makes sense to pay off a mortgage before retirement.
Rent-a-Swag wants royalties!
Thank you.
I was reading that whole thing thinking, "Tom Haverford is absolutely flipping out over this."
Treat Yo Self!
Rent the runway owes him a lot of money.
Unironically, I would lease all my kids clothes from like 3-8 years old. Wouldn't think twice about it. That's a solid idea.
My son has outgrown THREE pairs of shoes this year. Kid grew a foot and gained like 20 pounds.
so what do you do with the leftover shoes?
Right now? I donate them or hand them down to family, depending on fit.
it was a stupid joke about your child growing a third foot
Oh my god how did I miss that lol
That's the point though. Even after generations paying on the same house the bank gets it back to "sell" again