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

Nah, they just don't make sense for people with the way amortization works. It's not like doubling the length of the mortgage halves the payment. At 7% interest, for example as it's sort of close to the current average, changing a 30 year mortgage to a 100 year mortgage is about a 12.24% reduction in the monthly payment.