Personal Finance Expert Dr. Richard M. Krawczyk Claims Real Estate Speculation is the Dot Com Boom of This Decade

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National Personal Finance Expert Dr. Richard M. Krawczyk offers his angle to a recently aired ABC News story.

Every decade has laid claim to money making opportunities – junk bonds in the 80s, the dot com boom in the 90s and real estate speculation this decade. On May 24, 2005, ABC News produced a story regarding speculators driving up the already hot real estate market. This is more evident in California where the median price for an existing home has topped $509,230 for the first time – compared to the national average of $203,800.

“Unlike the dot com boom where stock prices were driven by a limited supply of advertising dollars, everyone needs real estate and it is in short supply in the California market,” stated Dr. Richard M. Krawczyk, bestselling author of "Financial Aerobics: How to Get Your Finances into Shape." “If interest rates stay low, there is no reason for the real estate market to lose momentum anytime in the near future.”

Dr. Richard warns that if mortgage rates rise, the market may plateau at one point but will not crash.

Audio clips are available at

About Dr. Richard

Richard M. Krawczyk, Ph.D. (pronounced Krawf-check) a/k/a Dr. Richard – America's Financial Fitness Trainer™ is the publisher of The Report and is one of the nation's leading experts on personal finance and consumer credit. He is the celebrity personal finance expert for such publications as In Touch Weekly Magazine and E! Online. He is a former investment banker and now runs the consulting firm of Dr. Richard Enterprises, based in Los Angeles, Calif.

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Deanna Kurman

V.P. Business Development

310-348-1100 ext 13

Dr. Richard is available for interviews

Photography available upon request

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