Peter Schiff talks real estate on radio USA. He takes a pretty hard line on people who are trying to buy homes they simply can’t afford, Schiff claims nobody is going to make any money in real estate for at least a decade.  The bottom of the market is still a long way off but prices will level off and at some point in the future real estate will once again be a good investment, we simply are not there yet. Houses could fall as much as 80% from the high prices we have seen recently. And this is amazing – 60% of people don’t know that there homes are worth less than they were 12 months ago!

Part 1

Part 2

Part 3