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January 24, 2011

Real Estate Prices Are Still Too High

"There’s so many people that are waiting for real estate prices to recover, talking about 'Oh, the bottom is in, now real estate's gonna start to go back up.' I’m just trying to point out how crazy those assumptions are, because real estate prices are still too high.

"The government has done a lot to try to artificially prop up real estate prices and they’re still doing that. But ultimately prices are going to come down. In fact, they’re probably going to come down even more than otherwise would have been the case had the government simply let the market run its course."
- in voanews.com

Related: Lennar Corporation (NYSE:LEN) ,PulteGroup, Inc. (NYSE:PHM), Toll Brothers, Inc. (NYSE:TOL)

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.
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