Natalie Pilkinton on the Real Estate Investor Show
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Tue, June 30
Kiyosaki’s Conspiracy of The Rich
by 06.30.09 in Second Page and The Experts.Visited 260 times, 1 so far today
I listened to your show online and never really heard you finish your comments about the book. I just finished reading it and would really like to hear your take on it, especially the final chapters. I really loved his premise and have started my financial education.
I heard Del say that he thought the current recession is winding up because some “dumb” money was coming back into the market. Yet on one of the charts in Kyosaki’s book chapter 10 p14, it shows that we have only reached a lull in the foreclosures (Mortgage Resets!) and that the vast majority are still ahead of us. THe conclusion appears that the worst is yet to come and perhaps a real depression. (I’m not usually a fear monger!)
If a depression evolves, will there be enough people with jobs to afford the housing you offer? Since I work and can’t listen on air, I will watch for a response on line and/or e-mail.
Gordon
I haven’t finished the book yet. I will though.
As far as our houses being rented in a down market or even a depression. Our homes will be rented. If you buy the house at a discount from current market 60 cents on the dollar. Then your payment is usually 10% PITI for everything. Your rent will be covered worse case scenario. You can drop your rent and still be ok.
In a down market people getting foreclosed on still need to live somewhere. They rent. They cant buy. We are under the median home price for the market so these people are looking at our houses. Your rent house is fixed up and you take care of it and stay on top of it. So even “if” the market changes you will be okay. Yes there are more loans that are set to reset.
A lot of varying factors play in to it as well.
Such as our political system… Who is in office and what damage is done to our capitalist economy.
No matter what real estate is still one of the safest investments with the great rates of return with out gambling or speculation.