Why Grant Cardone Can't Buy Real Estate in Blue States Right Now

Last week, Grant Cardone explained why sanctuary city real estate values could create a systemic banking crisis.

Over the weekend, Cardone provided more insight in a post on X, detailing why he can’t buy real estate in “blue” states at this time; it reads:

The debate over sanctuary cities extends to WHY I CAN'T buy real estate in Blue States at this time.

1) Difficult to Evict Bad Actors 

2) Higher Taxes 

3) Litigation Risk 

4) Property Owners Demonized 

5) Sanctuary Cities Overrun 

7) Increased Crime / No Enforcement 

8) Properties More Expensive 

9) Rents are in Decline 

10) Headlines Risk 

As much as I would like to invest in these once great American cities the risk is not worth the reward. 

Until the prices drop substantially (and they will) & political changes are made investors will be punished. 

I pity anyone who invested in New York, Chicago, San Fransisco, Los Angeles, or San Diego after Covid between 2020-2022. 

Many of those will be forced to surrender their properties back to the banks and then those properties will become great investments again. 

Patience in those markets will be rewarded. 

Grant Cardone 

CardoneCapital

@GrantCardone on X

3 (or 4) states in focus

Cardone has said that his team will avoid certain markets and double down in three states in particular: Florida, Texas, and Arizona. All three are traditionally "red" states. He had also previously mentioned Tennessee as a focus, which has also been a "red" state for the last six Presidential elections.

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