Kendra Todd - Housing Bubble

Housing Bubble

In September 2006, Todd wrote in a Yahoo Real Estate article, "You can't go anywhere without hearing people talk about 'the real estate bubble.' Such talk drives me to distraction, and I'll tell you why. It's because there is no real estate bubble. Bubbles are for bathtubs."

In the Fall 2007 issue of USAA Magazine, an article titled "Real (Estate) page turners" quotes Todd: "Ms. Todd disagrees with those who say there has been a bust for real estate. 'What's dropped in some areas is market expectations more than market values,' she argues."

Kendra wrote in her book (page 214): "In my experience, some markets (Las Vegas, Phoenix, and South Florida) are bubble-proof; they might slow down but they won't slide. They're simply too desirable and demand is too high." Four years after she made those predictions, Las Vegas was down 56%, Phoenix down 51%, and Miami down 47%, all much greater declines than nationally which was down only 28%. These quotes were made after the housing bubble had popped. Her investors lost millions of dollars, while Kendra earned large fees and commissions.

In her book (chapter 9, "A formula for making your first million", page 211), Kendra wrote "If you follow the system Charles and I have laid out, you should be well on your way to making your first million within as little as two years." All five of the properties listed in that chapter are now in foreclosure or have been foreclosed.