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To: Bucky Katt who wrote (24552)	6/23/2005 5:53:43 PM
From: Joe Smith	Read Replies (1) \| Respond to of 48461

I went from 270K to a litttle oover $1M. Not bad considering I started with 10K down and never added a dollar except about 60K in remodel. ABout a 10 bagger I guess. Tra-la. And I bet you can't guess where the cash came from in the late 90's in Silicon Valley? Stock options that would have soon been worthless.

To: Bucky Katt who wrote (24552)	6/23/2005 11:23:16 PM
From: tsigprofit	Read Replies (1) \| Respond to of 48461

Robert Kiyosaki says we are in a Real Estate Bubble - advised people to look at selling - or buying gold - due to coming currency crisis. Just saw this. Kiyosaki made a fortune investing in real estate. I think we should listen to him. *** richdad.com: ALL BOOMS BUST! Words of Caution from Robert Kiyosaki Lately, I have been asked if we are in a real estate bubble. My answer is, “Duh!” In my opinion, this is the biggest real estate bubble I have ever lived through. Next, I am asked, “Will the bubble burst?” Again, my answer is, “Duh!” It was only a few years ago we were in a real estate depression, which proves how quickly people forget. In 1987, the stock market crashed and the Savings and Loans went out of business. That led to one of the biggest real estate fire sales in history. By 1991, the real estate market was depressed and it remained depressed until around 1998. In Hawaii, the real estate market remained depressed until 2001. Today, the Hawaii real estate market is on fire and people have already forgotten how bad the market was. So the answer to the question, “Will the real estate bubble bust?” is an emphatic, “Yes. All bubbles bust.” The reason I write this alert is because this time, when the bubble bursts, I think it will be a monster. Never in my life have I seen so much money being made on such weak fundamentals. If you think the last recession caused by the bubble bust was bad, the coming recession will be at least twice as bad. It might lead to a depression. The reason I put forth this alert is not to frighten anyone. The reason I put forth this alert is to say get prepared for the coming economic changes. Presently, although Kim and I are still buying real estate, we are also selling our “junk” real estate. Eight months ago, Kim put on the market a small apartment house valued at $1 million, for $1.4 million. People complained and no one bought it. So four weeks ago, she raised the price to $2.0 million and it sold in one day for full price. To me, this is more than a bubble… it is a mania. As many of you know, the best time to get rich is after a crash. My suggestion is: if you are new to real estate investing, this is not the time to jump in. If you are holding “junk” properties that are costing you money, you may want to consider unloading them. How long will the bubble last and keep expanding? I do not know. I just wanted you to know that I am currently preparing for a crash, an economic recession, and possible global depression. Why? Because this is a very big worldwide bubble…the biggest I have ever seen. SAVERS ARE LOSERS Also, I am getting rid of my U.S. dollars As you may know, the U.S. dollar has lost nearly 40% of its value against other currencies in the last four years. That means if you have $10,000 in savings in the year 2000, it is worth about $6,000 in purchasing power. Rather than holding cash in the bank, Kim and I have been holding our excess cash in gold and silver bars. Why? Because you will know that the dollar is falling because the price of gold and especially silver will begin to rise. When silver goes higher than $8.50 an ounce and gold reaches $500 an ounce, you will know the end is near. When the crash comes, the currency of many countries will go down in purchasing power as the price of these two precious metals rise in value.