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

[Mark Holmes]

Mock him all you want, but it doesn’t change reality. Having read his nearly two-year-old book, I can tell you that everything he’s predicted so far has come true. And I would be willing to bet that both of you are homeowners…

A very old man, a native San Diegan, told me a few years ago, that we would be able to tell the bottom of the market when “everyone knows that real estate is the worst investment you can make.”

As long as there are people arguing that now is the time to buy, before “it’s too late” I’ll wait to buy. At least until 2011 or 2012.

I don’t have to buy. But it seems there are increasingly plenty of people (and plenty of banks) who have to sell.

[Nor-LA-SD-guy]

Well I think that is the point, in a lot of hard hit area’s (in and around SD/OC and LA), your at the point where no one is going to sell Voluntarily.

There are still a lot of nice foreclosures out there but eventually these will go and then there will just be the real dog’s etc…,

And while I did sell a home in late 2004, I do own a home (bought at 2002 price levels) and yes I can hold this no problem, and yes I will buy at least one more if I see a real bargin in costal SD come up.

Good luck to you…

[Nor-LA-SD-guy]

Well I think that is the point, in a lot of hard hit area’s (in and around SD/OC and LA), your at the point where no one is going to sell Voluntarily.

There are still a lot of nice foreclosures out there but eventually these will go and then there will just be the real dog’s etc…,

And while I did sell a home in late 2004, I do own a home (bought at 2002 price levels) and yes I can hold this no problem, and yes I will buy at least one more if I see a real bargin in costal SD come up.

Good luck to you…

[Nor-LA-SD-guy]

Well I think that is the point, in a lot of hard hit area’s (in and around SD/OC and LA), your at the point where no one is going to sell Voluntarily.

There are still a lot of nice foreclosures out there but eventually these will go and then there will just be the real dog’s etc…,

And while I did sell a home in late 2004, I do own a home (bought at 2002 price levels) and yes I can hold this no problem, and yes I will buy at least one more if I see a real bargin in costal SD come up.

Good luck to you…

[Nor-LA-SD-guy]

Well I think that is the point, in a lot of hard hit area’s (in and around SD/OC and LA), your at the point where no one is going to sell Voluntarily.

There are still a lot of nice foreclosures out there but eventually these will go and then there will just be the real dog’s etc…,

And while I did sell a home in late 2004, I do own a home (bought at 2002 price levels) and yes I can hold this no problem, and yes I will buy at least one more if I see a real bargin in costal SD come up.

Good luck to you…

[Nor-LA-SD-guy]

Well I think that is the point, in a lot of hard hit area’s (in and around SD/OC and LA), your at the point where no one is going to sell Voluntarily.

There are still a lot of nice foreclosures out there but eventually these will go and then there will just be the real dog’s etc…,

And while I did sell a home in late 2004, I do own a home (bought at 2002 price levels) and yes I can hold this no problem, and yes I will buy at least one more if I see a real bargin in costal SD come up.

Good luck to you…

[(former)FormerSanDiegan]

I was not mocking him. I was simply chiding him for using a plethora of superfluous superlatives versus hard factual data in this particularly enthralling treatise.

[(former)FormerSanDiegan]

I was not mocking him. I was simply chiding him for using a plethora of superfluous superlatives versus hard factual data in this particularly enthralling treatise.

[(former)FormerSanDiegan]

I was not mocking him. I was simply chiding him for using a plethora of superfluous superlatives versus hard factual data in this particularly enthralling treatise.

[(former)FormerSanDiegan]

I was not mocking him. I was simply chiding him for using a plethora of superfluous superlatives versus hard factual data in this particularly enthralling treatise.

[(former)FormerSanDiegan]

I was not mocking him. I was simply chiding him for using a plethora of superfluous superlatives versus hard factual data in this particularly enthralling treatise.

[jimmyle]

I read his book too and most of the stuffs he said came true. However, I didn’t follow his advice on investments which I dearly regret.

[jimmyle]

I read his book too and most of the stuffs he said came true. However, I didn’t follow his advice on investments which I dearly regret.

[jimmyle]

I read his book too and most of the stuffs he said came true. However, I didn’t follow his advice on investments which I dearly regret.

[jimmyle]

I read his book too and most of the stuffs he said came true. However, I didn’t follow his advice on investments which I dearly regret.

[Author]

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