Is “Rich Dad” wrong?

[Nick Anderson]

I have seen so many people credit Rob Kiyosaki and his “Rich Dad Poor Dad” book to their starts in Real Estate, myself included.

Recently he has come out with some comments projecting a huge crash in the RE market. Most recently, he comments that if interest rates rise, that will be all it takes to burst the RE bubble.

Most rhetoric around the RE market crashing doesn’t come from data or sources that make much sense to me. BUT, it’s hard to deny his opinions when his opinions of the past have influenced how many of us look at money.

What do you think? Is Rich Dad wrong?

[John Morgan]

I think you missed his points. If the property is cash flowing then who cares what the value is. Robert is of course not going to sell anything because then he would have to pay taxes. People always say buy low and sell high but as he says those people are idiots. Why sell high and then have to pay taxes. Buy low, never sell, let the cash flow pay you. Then refi and have tax free money.