He's an easy scapegoat, but doesn't it make more sense to say that the bubble in housing came from the easy credit available when interest rates were lowered to 1% and kept there for several years following the dot-com crash in 2000/2001? Makes more sense to me than to say the housing run-up occurred because of a few books of Kiyosaki's that made it to the bestseller list. Otherwise we could look at the rest of the bestseller list and say, why isn't there a boom in chicken soup?
Besides, what Kiyosaki teaches is correct. RE _is_ one of the best investment vehicles available, because (1) the leverage is so high in that you can often use 90% other people's money or more to build your wealth, and (2) the laws and tax code provide so many advantages to real estate (like tax-free capital gains for primary residences, 1031 exchanges, etc etc).
Besides, what Kiyosaki teaches is correct. RE _is_ one of the best investment vehicles available, because (1) the leverage is so high in that you can often use 90% other people's money or more to build your wealth, and (2) the laws and tax code provide so many advantages to real estate (like tax-free capital gains for primary residences, 1031 exchanges, etc etc).