January 3, 2011

Housing Prices Still Haven`t Fallen Enough

“Housing prices right now should be considerably below their historic averages. Prices still haven’t fallen enough because the government is still artificially propping them up. We have to let real estate prices fall to the point where people have the 20% down payment and can qualify for a mortgage without the government cosigning it.” in CNBC

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.