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Updated over 2 years ago on . Most recent reply

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Mike Schorah
  • Rental Property Investor
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What did you think of today's BP podcast episode (Episode 500)?

Mike Schorah
  • Rental Property Investor
Posted

Robert Kiyosaki of "Rich Dad, Poor Dad" sees a real estate crash coming. Do you see a real estate crash coming?

I agree with many points. Right now, I'm wearing a T-shirt that I bought a week ago. It says "THE FINAL COVID VARIANT *IS CALLED* COMMUNISM" and it has received a lot of comments with people generally in agreement.

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Nick C.
  • Specialist
  • Tampa, FL
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Nick C.
  • Specialist
  • Tampa, FL
Replied

Rich Dad Poor Dad was a phenomenal book, I imagine it has changed countless lives and the way people think in a positive way. He deserves all the credit in the world for that one. 

But somehow predicting crashes has become the #1 marketing strategy for selling books, seminars, coaching, and such. He, like many others, has been predicting crash after crash, year after year for almost a decade, selling book after book. Doom and gloom sell, but take it with a grain of salt. 

All I'm saying is if someone wrote a book saying the market now will be similar to the market 6 months from now, that's not very exciting and no one would buy it. 

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