Monday, January 3, 2011

How Robert Kiyosaki Sees Mortgage Rate Resets

"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

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rickywillson said...

A mortgage knoxville loan where the interest rate is not fixed for the entire term of the loan, but changes during the life of the loan in line with movements in an index rate.

mortgage knoxville

dawnofanewhorizon said...

My buddy and I had been just discussing this particular topic, This is always attempting to prove me incorrect! I am going to present her this particular blog post and rub it in a little!
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