Monday, October 03, 2005

Kiyosaki Ponders Inevitable Bust

Author of "Rich Dad, Poor Dad", Robert Kiyosaki, thinks the bust in the current housing market is inevitable.

In his article,
All Booms Bust: Making Myself Clear, he says
"Do I still expect a bust? The answer is "yes." In fact I am hoping for one so I can buy more real estate. "
His advice to other real-estate investors is
"
Please don’t get caught in a flip that flops or use your house as an ATM machine, borrowing out the new found and inflated equity in your property."

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