"If there is another real estate crash, it’s people like me (Robert Kiyosaki) -- people who pay their mortgages -- who might be the biggest losers."
Looking at the chart, it’s easy to see the eye of the storm. The second half of the storm is about to hit.
The leading edge of the storm was the subprime mortgage defaults, the storm that hit in 2007. The trailing edge of the storm will be the defaults of people who are solid citizens, people who have good jobs and good credit.
How severe the second front of the storm will be is yet to be seen. If there are more people who don’t want to pay for a house that is going down in value, the second half of the storm will be very severe.
Read Robert Kiyosaki's entire post at www.finance.yahoo.com.