Grant Cardone Calls California Unrest ‘Another Orchestrated Event’ to ‘Drive Real Estate Values Down and Grab All the Property Back’

Kerri Kasem, Grant Cardone, Elena Lyons Cardone at the Nathanaelle Fashion Show, Skybar, West Hollywood, CA_ 03-15-11

Prominent real estate investor and entrepreneur Grant Cardone has voiced strong criticism of the current unrest in California over immigration policy, alleging that recent events and state actions are intentionally driving law-abiding taxpayers and business owners out of the state. In a widely circulated social media post, Cardone described the situation as an “orchestrated & organized event” designed to encourage the exodus of productive citizens and facilitate what he called a “land grab.” He further claimed that these developments are “intentional,” and - in keeping with his flair for headline-grabbing dramatics - even seemed to suggest that he believes a communist plot is afoot.

Cardone’s comments come at a time when California is facing significant challenges, including a well-documented outflow of residents and businesses, rising homelessness, and ongoing debates over immigration and law enforcement. He claims, without evidence, that the state’s approach involves importing undocumented immigrants while failing to enforce laws, which he argues would depress real estate values and allow for large-scale property acquisition by unspecified interests. Cardone further warned that if such policies succeed in California, they could be replicated elsewhere in the United States.

The Broader Context

California has indeed seen a notable outmigration of residents and companies in recent years. High-profile businesses such as Tesla and Realtor.com have relocated their headquarters out of state, citing regulatory burdens, high taxes, and the cost of doing business as key factors. Insurance companies have also scaled back operations, particularly in wildfire-prone areas, making it more difficult for some homeowners to secure coverage.

Skeptics argue that state policies on taxation, regulation, and law enforcement have contributed to these trends, making California less attractive for both individuals and businesses. Critics of the state government also point to the high cost of living, housing shortages, and persistent homelessness as evidence that current policies are not working as intended.

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Not What it Seems

However, state officials and many analysts reject the notion of a coordinated effort to drive out residents or orchestrate a “land grab,” a claim presented by Cardone on social media with no evidence. As the world’s fourth-largest economy, California continues to attract significant investment, and is a leader in technology, entertainment, and innovation. Governor Gavin Newsom and other leaders have also highlighted the state’s economic resilience and ongoing efforts to address housing, homelessness, and public safety challenges.

Many experts attribute California’s population shifts to a combination of high housing costs, remote work trends, and changing lifestyle preferences, rather than to any deliberate state action, as claimed by Cardone. They also note that immigration — whether legal or undocumented — has long been a feature of California’s diverse economy and society.

Ongoing Debate

Based in fact or not, Cardone’s remarks have sparked renewed debate about the future of California and the impact of state policies on residents and the business community. While many residents share genuine concerns and point to real challenges facing the state, experts caution against attributing complex social and economic trends to intentional malfeasance or conspiracy theories.

As California continues to grapple with issues of affordability, public safety, and economic competitiveness, the conversation around the state’s policy direction is likely to remain heated and deeply divided.


On the date of publication, Caleb Naysmith did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.