Peter Schiff: Housing prices will go back to 2000 or lower…

[sdrealtor]

Coastal North County is still about 40% above 2001 prices for SFR’s.

[(former)FormerSanDiegan]

And here is my prophecy, when the rest of the worlds economies start to slide, the dollar will rally and gold will sink (Just my opinion results may vary).

Since mid-July Gold is down 18%
and the Dollar vs Euro is up 7.5%

Nice call (if you had made it a month or two ago).

I tend to agree with your assessment.

[(former)FormerSanDiegan]

And here is my prophecy, when the rest of the worlds economies start to slide, the dollar will rally and gold will sink (Just my opinion results may vary).

Since mid-July Gold is down 18%
and the Dollar vs Euro is up 7.5%

Nice call (if you had made it a month or two ago).

I tend to agree with your assessment.

[(former)FormerSanDiegan]

And here is my prophecy, when the rest of the worlds economies start to slide, the dollar will rally and gold will sink (Just my opinion results may vary).

Since mid-July Gold is down 18%
and the Dollar vs Euro is up 7.5%

Nice call (if you had made it a month or two ago).

I tend to agree with your assessment.

[(former)FormerSanDiegan]

And here is my prophecy, when the rest of the worlds economies start to slide, the dollar will rally and gold will sink (Just my opinion results may vary).

Since mid-July Gold is down 18%
and the Dollar vs Euro is up 7.5%

Nice call (if you had made it a month or two ago).

I tend to agree with your assessment.

[(former)FormerSanDiegan]

And here is my prophecy, when the rest of the worlds economies start to slide, the dollar will rally and gold will sink (Just my opinion results may vary).

Since mid-July Gold is down 18%
and the Dollar vs Euro is up 7.5%

Nice call (if you had made it a month or two ago).

I tend to agree with your assessment.

[kewp]

I’m from the “being early is being wrong” school. Instead of calling a top in ’01, anyone who bought then is likely to still have a tremendous return on their investment.

Only if they sold!

The housing bubble kind of reminds me of the various self-destructive people I’ve known throughout my life. It’s impossible to predict exactly when/where/how they are going to crash and burn; but its inevitable.

[kewp]

I’m from the “being early is being wrong” school. Instead of calling a top in ’01, anyone who bought then is likely to still have a tremendous return on their investment.

Only if they sold!

The housing bubble kind of reminds me of the various self-destructive people I’ve known throughout my life. It’s impossible to predict exactly when/where/how they are going to crash and burn; but its inevitable.

[kewp]

I’m from the “being early is being wrong” school. Instead of calling a top in ’01, anyone who bought then is likely to still have a tremendous return on their investment.

Only if they sold!

The housing bubble kind of reminds me of the various self-destructive people I’ve known throughout my life. It’s impossible to predict exactly when/where/how they are going to crash and burn; but its inevitable.

[kewp]

I’m from the “being early is being wrong” school. Instead of calling a top in ’01, anyone who bought then is likely to still have a tremendous return on their investment.

Only if they sold!

The housing bubble kind of reminds me of the various self-destructive people I’ve known throughout my life. It’s impossible to predict exactly when/where/how they are going to crash and burn; but its inevitable.

[kewp]

I’m from the “being early is being wrong” school. Instead of calling a top in ’01, anyone who bought then is likely to still have a tremendous return on their investment.

Only if they sold!

The housing bubble kind of reminds me of the various self-destructive people I’ve known throughout my life. It’s impossible to predict exactly when/where/how they are going to crash and burn; but its inevitable.

[peterb]

Timing is everything! Being a prophet 5 years ahead of the event is not very useful as almost everything experiences cyclical variations. If you sold in 2003 because contrarians talked you into the market bursting, you’ve had lost a lot of appreciation. Now everyone is calling for the bottom. Ok, so you buy within 15% of the bottom plus or minus….but what’s more important is when is it going to start rising again? Ask yourself what it will take to cause real estate to start appreciating again??? So we may bottom in 2009 or 1010, how long will we stay there?

[peterb]

Timing is everything! Being a prophet 5 years ahead of the event is not very useful as almost everything experiences cyclical variations. If you sold in 2003 because contrarians talked you into the market bursting, you’ve had lost a lot of appreciation. Now everyone is calling for the bottom. Ok, so you buy within 15% of the bottom plus or minus….but what’s more important is when is it going to start rising again? Ask yourself what it will take to cause real estate to start appreciating again??? So we may bottom in 2009 or 1010, how long will we stay there?

[peterb]

Timing is everything! Being a prophet 5 years ahead of the event is not very useful as almost everything experiences cyclical variations. If you sold in 2003 because contrarians talked you into the market bursting, you’ve had lost a lot of appreciation. Now everyone is calling for the bottom. Ok, so you buy within 15% of the bottom plus or minus….but what’s more important is when is it going to start rising again? Ask yourself what it will take to cause real estate to start appreciating again??? So we may bottom in 2009 or 1010, how long will we stay there?

[peterb]

Timing is everything! Being a prophet 5 years ahead of the event is not very useful as almost everything experiences cyclical variations. If you sold in 2003 because contrarians talked you into the market bursting, you’ve had lost a lot of appreciation. Now everyone is calling for the bottom. Ok, so you buy within 15% of the bottom plus or minus….but what’s more important is when is it going to start rising again? Ask yourself what it will take to cause real estate to start appreciating again??? So we may bottom in 2009 or 1010, how long will we stay there?

[Author]

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