Airbnb Inc. is in the spotlight. On September 5, New York City implemented what Airbnb described as a “de facto ban” on the short-term rental platform.
The number of short-term listings on Airbnb in New York City, one of the platform’s top markets, has dropped significantly. And according to “Rich Dad Poor Dad” author Robert Kiyosaki, a big change is on the horizon in the real estate landscape.
“Airbnb is causing the real estate market to crash,” he said in a recent post on X, formerly Twitter.
While a crash in property prices can have devastating consequences for homeowners, Kiyosaki believes it could represent an opportunity for potential buyers.
“If you’re looking for a new home, your halcyon days are just around the corner. The same goes for rental properties,” he wrote. “The best time to get rich is a crash.”
The post has received 2.4 million views and 17,800 likes.
If you share this view, you can wait for property prices to fall and then purchase a home or Investment property with a discount. However, Kiyosaki sees a big bargain for investors – and not in real estate.
“Biggest investment bargain”
In a separate post
The famous author has long been a fan of precious metals such as gold and silver, which have served as a store of value for thousands of years.
Unlike fiat money, which can be produced in unlimited quantities by central banks, precious metals are inherently scarce, making them a valuable hedge against inflation.
As Kiyosaki pointed out, silver also plays a central role in both the solar and electric vehicle industries due to its unique conductivity properties.
“Silver is the second most used commodity after oil. Silver has been money for centuries. Who can’t afford a silver coin, but most people prefer to save fake dollars. Sad,” the author wrote.
Investors can easily access the gray metal. There are silver exchange-traded funds (ETFs) and mining companies that could benefit from higher silver prices.
However, in an interview earlier this year, Kiyosaki said that he is “staying away” from precious metals ETFs because he doesn’t want to have “counterparty risk.” Instead, he prefers physical gold bars.
Don’t miss out on real-time alerts about your stocks – sign up Benzinga Pro for free! Try the tool that helps you invest smarter, faster and better.
This article ‘Airbnb will cause real estate market crash’: Robert Kiyosaki issues dire warning but says crash is ‘best time to get rich’ Here’s the biggest bargain he’s seeing right now originally appeared on Benzinga.com
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
https://finance.yahoo.com/news/airbnb-lead-real-estate-market-180212436.html Robert Kiyosaki issues a dire warning but says the crash is the “best time to get rich.” Here’s the biggest bargain he’s seeing right now