It always seemed clear to me that the people giving Schiff heat about housing were “snake oil salesmen”. They did not want to see the flow of money away from their product.Some had a stake in trying to do damage control.
I also agree that many many people want to attract investors and investing dollars(maybe book sales?). I would be careful about grabbing onto the shirt tails of anyone specific prognosticator because market shifts are going to affect their accounts.
I take a lot of heat for saying so, but individual investors can make money or improve their lives with real estate a long time before a guy like Schiff is going to be talking about it.
