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

[Dukehorn]

The only reason the bubble went on for so long is probably due to fraud, lack of regulation and the artificial prop by Greenspan and some of you are blaming Schiff for not getting the right time-frame?

Please, where’s the logical reasoning???

[(former)FormerSanDiegan]

some of you are blaming Schiff for not getting the right time-frame?

Please, where’s the logical reasoning???

It’s really quite simple. Time = $.

Last week I predicted we were at the bottom of the housing market in San Diego. If prices decline for the next 4 years and by another 40% I will be precisely as accurate as Schiff.

[(former)FormerSanDiegan]

some of you are blaming Schiff for not getting the right time-frame?

Please, where’s the logical reasoning???

It’s really quite simple. Time = $.

Last week I predicted we were at the bottom of the housing market in San Diego. If prices decline for the next 4 years and by another 40% I will be precisely as accurate as Schiff.

[(former)FormerSanDiegan]

some of you are blaming Schiff for not getting the right time-frame?

Please, where’s the logical reasoning???

It’s really quite simple. Time = $.

Last week I predicted we were at the bottom of the housing market in San Diego. If prices decline for the next 4 years and by another 40% I will be precisely as accurate as Schiff.

[(former)FormerSanDiegan]

some of you are blaming Schiff for not getting the right time-frame?

Please, where’s the logical reasoning???

It’s really quite simple. Time = $.

Last week I predicted we were at the bottom of the housing market in San Diego. If prices decline for the next 4 years and by another 40% I will be precisely as accurate as Schiff.

[(former)FormerSanDiegan]

some of you are blaming Schiff for not getting the right time-frame?

Please, where’s the logical reasoning???

It’s really quite simple. Time = $.

Last week I predicted we were at the bottom of the housing market in San Diego. If prices decline for the next 4 years and by another 40% I will be precisely as accurate as Schiff.

[kewp]

Last week I predicted we were at the bottom of the housing market in San Diego. If prices decline for the next 4 years and by another 40% I will be precisely as accurate as Schiff.

Uh, Schiff never said we were at a market top or bottom. He’ll say he doesn’t know if you ask him about specific time frames, which is something I very much respect about the man. He merely pointed out that the market was in an unsustainable rally.

Anyone that could conclusively predict market tops and bottoms would be a multi-billionaire in short order.

And unless you sold in SD at the top and are renting or moved to a cheaper part of the country, your “timing” was no better.

[kewp]

Last week I predicted we were at the bottom of the housing market in San Diego. If prices decline for the next 4 years and by another 40% I will be precisely as accurate as Schiff.

Uh, Schiff never said we were at a market top or bottom. He’ll say he doesn’t know if you ask him about specific time frames, which is something I very much respect about the man. He merely pointed out that the market was in an unsustainable rally.

Anyone that could conclusively predict market tops and bottoms would be a multi-billionaire in short order.

And unless you sold in SD at the top and are renting or moved to a cheaper part of the country, your “timing” was no better.

[kewp]

Last week I predicted we were at the bottom of the housing market in San Diego. If prices decline for the next 4 years and by another 40% I will be precisely as accurate as Schiff.

Uh, Schiff never said we were at a market top or bottom. He’ll say he doesn’t know if you ask him about specific time frames, which is something I very much respect about the man. He merely pointed out that the market was in an unsustainable rally.

Anyone that could conclusively predict market tops and bottoms would be a multi-billionaire in short order.

And unless you sold in SD at the top and are renting or moved to a cheaper part of the country, your “timing” was no better.

[kewp]

Last week I predicted we were at the bottom of the housing market in San Diego. If prices decline for the next 4 years and by another 40% I will be precisely as accurate as Schiff.

Uh, Schiff never said we were at a market top or bottom. He’ll say he doesn’t know if you ask him about specific time frames, which is something I very much respect about the man. He merely pointed out that the market was in an unsustainable rally.

Anyone that could conclusively predict market tops and bottoms would be a multi-billionaire in short order.

And unless you sold in SD at the top and are renting or moved to a cheaper part of the country, your “timing” was no better.

[kewp]

Last week I predicted we were at the bottom of the housing market in San Diego. If prices decline for the next 4 years and by another 40% I will be precisely as accurate as Schiff.

Uh, Schiff never said we were at a market top or bottom. He’ll say he doesn’t know if you ask him about specific time frames, which is something I very much respect about the man. He merely pointed out that the market was in an unsustainable rally.

Anyone that could conclusively predict market tops and bottoms would be a multi-billionaire in short order.

And unless you sold in SD at the top and are renting or moved to a cheaper part of the country, your “timing” was no better.

[(former)FormerSanDiegan]

Kewp, your point is simply a matter of semantics, so I will issue a correction.

OK. Correction: “I will be just as accurate as those calling a top in 2001.”

Schiff was bearish in 2001, but technically was not calling a top in prices.

If someone was bullish on stocks in late 2001 and said that they were in an unsustainable bear run :

Would you say that they got it wrong ?

Or

Would you say that they were simply early on their prescient call, since stocks did stage a huge rally starting in March 2003 ?

[(former)FormerSanDiegan]

Kewp, your point is simply a matter of semantics, so I will issue a correction.

OK. Correction: “I will be just as accurate as those calling a top in 2001.”

Schiff was bearish in 2001, but technically was not calling a top in prices.

If someone was bullish on stocks in late 2001 and said that they were in an unsustainable bear run :

Would you say that they got it wrong ?

Or

Would you say that they were simply early on their prescient call, since stocks did stage a huge rally starting in March 2003 ?

[(former)FormerSanDiegan]

Kewp, your point is simply a matter of semantics, so I will issue a correction.

OK. Correction: “I will be just as accurate as those calling a top in 2001.”

Schiff was bearish in 2001, but technically was not calling a top in prices.

If someone was bullish on stocks in late 2001 and said that they were in an unsustainable bear run :

Would you say that they got it wrong ?

Or

Would you say that they were simply early on their prescient call, since stocks did stage a huge rally starting in March 2003 ?

[(former)FormerSanDiegan]

Kewp, your point is simply a matter of semantics, so I will issue a correction.

OK. Correction: “I will be just as accurate as those calling a top in 2001.”

Schiff was bearish in 2001, but technically was not calling a top in prices.

If someone was bullish on stocks in late 2001 and said that they were in an unsustainable bear run :

Would you say that they got it wrong ?

Or

Would you say that they were simply early on their prescient call, since stocks did stage a huge rally starting in March 2003 ?

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