Looking forward at the The Big Picture and Economics of the Tumultuous 2020's
Sunday, July 5, 2020
Robert Kiyosaki talks about major cities going bankrupt
Best known for his 1997 book, Rich Dad, Poor Dad, and several investing books since, investor Robert Kiyosaki talks about how commercial real estate supports cities themselves through taxes. What happens when the office buildings and retail stores empty out? Cities themselves, small, medium, and large, could go broke. Robert focuses on New York City, as an example of what's happening, and will happen, to cities throughout the U.S., and the world. This short, 5 minute video is a great insight into this issue from a top investor's mind.
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