Robert Kiyosaki warns that baby boomers will be the “big losers”; suggests that parents “harvest” children to sell their houses, stocks and bonds “now”

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Robert Kiyosaki warns baby boomers will be the ‘big losers’ – suggests kids who ‘burden’ parents sell their homes and assets before it’s too late

Robert Kiyosaki is nothing but consistent. Rich Dad Poor Dad Self-Proclaimed Author”billionaire in debt“he’s built a reputation for predicting market doom and if you follow him on X, it seems like every week he’s warning of the next big crash. But his latest post takes a sharp turn, even for him.

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Kiyosaki, a staunch real estate investor who is famously a landlord 15,000 propertiesnow he’s urging boomers to sell their homes. Yes, sell. “If I were the son of a BOOMER…I would urge my parents to sell their house, stocks and bonds now…while prices are high…before the coming CRASH,” he wrote in his recent publication .

Coming from someone who has spent decades preaching the virtues of real estate, this seems like a plot twist. But Kiyosaki is not one to sugar coat his views and is clear about who he thinks will be most affected: the boomers. “When the stock market implodes … the BOOMERS will be the BIGGEST LOSERS,” he warned, adding that their previously untouchable retirement assets (homes, 401(k)s and IRAs) won’t be enough to save them .

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Kiyosaki blames the very generation he’s warning, arguing that boomers have had it good for too long. “BOOMERS have been lucky,” he said, noting how his generation drove the real estate market in the 1970s and fueled the stock and bond boom with their 401(k)s. But now, he says, its aging population will turn those booms into busts.

If you’re the son of a boomer, Kiyosaki’s message becomes even more bleak: Don’t be surprised if your parents come calling. “Buy gold, silver and Bitcoin now… before your BOOMER mom and dad move in with you… or wait for you to pay the rising health care or funeral costs,” he wrote, with the his forceful style.

This level of doom is standard fare for Kiyosaki, who recently claimed that the S&P 500 “providing millions of 401(k)s and IRAs“But even by his standards, calling boomers to sell their homes is a stretch. It’s rare to see him suggest abandoning real estate entirely, a sign of how pessimistic he feels about the current market.

Contrary to Robert Kiyosaki’s warnings of an imminent housing market crash, many experts maintain a more optimistic outlook. Danielle Hale, chief economist at Realtor.com, says, “I don’t expect a housing market crash in 2024 as a stable economy and labor market continue to prop up household incomes and balance sheets.”

Similarly, a report from US News & World Report suggests that while home sales may remain limited due to higher mortgage rates, home prices are expected to hold their value in short term, with variations depending on local market conditions. These outlooks indicate that, despite concerns, widespread housing devaluation is not expected in the near future.

Still, Kiyosaki’s advice boils down to the same mantra he’s been pushing for years: abandon traditional assets and lean into what he calls the “true” safe havens: gold, silver and Bitcoin. Whether you find his warnings insightful or exhausting, one thing is clear: he’s not hedging his bets for a happy ending.

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