2 years ago
Rich Dad Poor Dad writer Robert Kiyosaki has warned that the existent property marketplace is connected the verge of a clang that volition beryllium worse than the 2008 fiscal crisis. Noting that it volition beryllium the top clang “ever,” helium stressed that the 2023 situation volition marque the Global Financial Crisis “look similar nothing.”
’Greatest Real Estate Crash Ever’
Robert Kiyosaki, writer of the best-selling publication Rich Dad Poor Dad, has issued different informing astir the existent property market, stating that it is connected the verge of the top clang “ever.” Rich Dad Poor Dad is simply a 1997 publication co-authored by Kiyosaki and Sharon Lechter. It has been connected the New York Times Best Seller List for implicit six years. More than 32 cardinal copies of the publication person been sold successful implicit 51 languages crossed much than 109 countries.
The celebrated writer believes that the 2023 clang volition beryllium worse than the 2008 Global Financial Crisis (GFC), and is advising investors to support themselves by buying gold, silver, and bitcoin. He tweeted Wednesday:
Greatest existent property clang ever. 2008 was the GFC. 2023 volition marque 2008 GFC look similar nothing. In 2019, bureau towers successful San Francisco were hot. In 2023, aforesaid buildings person mislaid 70% of worth … Get gold, silver, bitcoin.
Kiyosaki has cautioned galore times successful the past regarding the imaginable clang of the existent property market. In March, for example, helium tweeted that the Federal Reserve’s complaint hikes volition crash stocks, bonds, existent estate, and the U.S. dollar. In September past year, helium likewise tweeted that stocks, bonds, communal funds, exchange-traded funds (ETFs), and existent property are crashing.
Recently, Tesla and Spacex CEO Elon Musk besides warned astir existent property markets. He tweeted astatine the extremity of May that commercialized existent property is “melting down fast,” predicting that “home values” volition beryllium next. However, immoderate radical disagreed with the billionaire astir the residential existent property market, including Federal Reserve Governor Michelle Bowman, Shark Tank prima Barbara Corcoran, and Glenn Kelman, the CEO of residential existent property brokerage relation Redfin.
Kiyosaki antecedently explained that helium nary longer recommends existent property arsenic an investment. “In my 2022 publication Capitalist Manifesto, I stated Marxist took implicit the U.S. successful the 2020 election. Marxists volition rise spot taxes, enforce rent controls, arsenic rising involvement rates alteration spot values. I urge gold, silver, bitcoin,” helium tweeted past October.
The renowned writer has been recommending gold, silver, and bitcoin for rather immoderate time. He predicted successful February that by 2025, the terms of golden would scope $5,000, metallic would soar to $500, and bitcoin would surge to $500,000. Explaining his prediction, helium tweeted: “Because religion successful U.S. dollar, fake money, volition beryllium destroyed. Gold & metallic God’s money. Bitcoin people’s $.”
Do you hold with Rich Dad Poor Dad writer Robert Kiyosaki astir the upcoming existent property crash? Let america cognize successful the comments conception below.
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