Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Robert Kiyosaki warns on real estate bubble

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July 25, 2005

Robert Kiyosaki warns on real estate bubble

The man who wrote "Rich Dad, Poor Dad" and "Cashflow Quadrant" among other bestsellers warns that we may be close to a real estate bubble.

As San Francisco Chronicle reports, on his Web site, www.richdad.com, Mr. Kiyosaki has begun posting articles that caution against what might be called "surreal estate exuberance."

He is worried that upcoming real state bubble could be a financial disaster. He has been selling some of his real estate that does not produce positive cash flow and buying oil and gold.

Mr. Kiyosaki still buying and in the process of acquiring seven properties. But these properties must bring positive cash.

One of his biggest worries is that so many homeowners over-leverage their homes. They use them as ATM machines to buy more homes or expensive cars.

Posted in Real Estate at July 25, 2005 11:39 AM

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