Robert Kiyosaki, the author of the best-selling book “Rich Dad Poor Dad” and a financial expert, believes that there will be a collapse in the real estate market in the United States and that the gap between the rich and poor will deepen further.
Kiyosaki explained the reasons behind the high housing prices in the United States, saying that “the future crisis will be a real estate crisis.” According to Kiyosaki, there is a bubble in the market, and this bubble will soon burst.
Kiyosaki says that the main reason for the rise in housing prices is government credit policies. Those who have high interest rates and high borrowing costs use their assets as collateral to borrow more. This inflates housing prices and creates a bubble.
In the event of a burst in the bubble, Kiyosaki warns that many people’s dreams of homeownership will be shattered, and home prices will drop significantly. This means that the rich will become even richer and the poor will become even poorer.
The financial expert recommends that people be cautious about borrowing and taking on debt when managing their assets, and that they explore alternative investment opportunities.