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The Real Marty · 06-20-2023, 10:06 AM

(06-16-2023, 09:46 AM)Jaguarmeister Wrote:
(06-16-2023, 07:15 AM)homebiscuit Wrote: I have no doubts a correction is pending. However, I don’t see the shock of 2008. It was obvious to the most casual observer then that the system was upside down. I remember having conversations with my coworkers about how people were buying houses who were clearly not qualified. I saw it all through my neighborhood. Those signs aren’t as abundant now.

That's the other big factor as to why this isn't 2008 all over again (aside from inventories being low). Lenders aren't giving out loans with no proof of income like they were leading up to 2008. The doomsday industry has been putting ads on internet and radio for it seems like 20 years usually to sell you an annuity or their newsletter or something else. Not sure what Kiyosaki's specific angle is here since I don't think he sells either, but he should know the circumstances now vs then aren't all that comparable.

His angle is, he's building his brand. He wants to add "the guy who predicted the real estate crash."

From Wikipedia:

Robert Toru Kiyosaki (born April 8, 1947) is an American entrepreneur, businessman and author.[1] Kiyosaki is the founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos. The company's main revenues come from franchisees of the Rich Dad seminars that are conducted by independent individuals using Kiyosaki's brand name.[citation needed] He is also the creator of the Cashflow board and software games to educate adults and children about business and financial concepts.[2]

Kiyosaki is the author of more than 26 books, including the international self-published personal finance Rich Dad Poor Dad series of books which has been translated into 51 languages and sold over 41 million copies worldwide. Kiyosaki is the subject of a class action suit filed by people who attended his seminars and has been the subject of two investigative documentaries by CBC Canada and WTAE USA.[3][4] Kiyosaki's company, Rich Global LLC, filed for bankruptcy in 2012.