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Whether you believe his forecasts or not, he has strong opinions on how themarketcould soon shift.
Below are three warnings Cardone shared recently, andhow they might affect your money.
When ownership costs rise, many people need to rent instead, boosting rental demand.
If rent increases quickly while paychecks dont keep up, a big portion of the population could struggle.
This gap is unusual because owning has often been seen as thewiser long-term choice.
Now, though, high interest rates have turned that math upside down.
On the other hand, many renters pay around $2,000 monthly.
He views this gap between replacement costs and current prices as a sign that many existing properties are undervalued.
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