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Whenever these proclamations stress me out, I remember this: The atom of the economy is a human. There are almost 8 billion of us. We will continue to need shelter and food. We will continue to want better and better lives. There will always be booms and busts. But demand will never disappear.
Maybe it is but the guy is a snake oil salesman who doesn't deserve more attention for saying this.
He recommends you invest in gold, silver, Bitcoin. I'm hearing "One of these things is not like the other..." playing in my head.
The term "bubble" gets misused a lot, to the point that they describe any asset appreciation that might be due for a 30% correction as a "bubble." Tulips were a bubble. Dot-coms were a bubble. Housing in 2021 wasn't because prices were driven by real market forces (asset appreciation elsewhere, low interest rates, increased demand for housing due to WFH), not just a speculative mania backed by hopes and dreams. I lik…
Until then, I don't care what he predicts.
The term "bubble" gets misused a lot, to the point that they describe any asset appreciation that might be due for a 30% correction as a "bubble." Tulips were a bubble. Dot-coms were a bubble. Housing in 2021 wasn't because prices were driven by real market forces (asset appreciation elsewhere, low interest rates, increased demand for housing due to WFH), not just a speculative mania backed by hopes and dreams. I lik…
Housing in 2021 was driven by low interest rates. That is over.
The term "bubble" gets misused a lot, to the point that they describe any asset appreciation that might be due for a 30% correction as a "bubble." Tulips were a bubble. Dot-coms were a bubble. Housing in 2021 wasn't because prices were driven by real market forces (asset appreciation elsewhere, low interest rates, increased demand for housing due to WFH), not just a speculative mania backed by hopes and dreams. I lik…
https://www.gmo.com/americas/research-library/entering-the-s...
Earlier quoted context omitted.
He’s the author of Rich Dad, Poor Dad, right? I know a few people who were helped by his book. What is your issue?
"Rich Dad, Poor Dad" good parts can be summarized in one sentence: "Start saving money and invest what you save". The rest of it is just bullshit.
Almost every successful real estate person I have contact with thinks very highly of RDPD. If you listen to real estate podcasts, almost everyone recommends RDPD. I agree it is light on many details, but many people seem to get a great deal out of that book.
Earlier quoted context omitted.
He’s the author of Rich Dad, Poor Dad, right? I know a few people who were helped by his book. What is your issue?
That book is the perfect stupid people's detector