80-90% Home Price Crash, says Peter Schiff

Sellers dropping prices! Peter Schiff expects a price crash of 80-90% in real money terms and that sellers that must sell, will have to cut their price!

Contact Peter Schiff:
Websites:
YouTube: @peterschiff

#housingcrash #housingmarketnews #realestate

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[GeorgeKennedy-ur]

I don't "need" to sell shit. What I need is to have 500 acres of land and build a house in the middle of it away from all the assholes out there.

[JohnDaniels]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson

[bobstaurovsky]

House prices are way overpriced and over inflated !!!

[AzzekaTheRealOne]

No corporation should have their greedy inhumane fingers in real estate. Blackstone Black Rock vanguard etc. 90% of people 🌎 know this.

[lidijatana]

I like to keep a small "in case the market crashes" fund to try and take advantage of the low prices. When the market goes south, I use that money spread out over the following months buying my targeted stocks on low days. on top of my usual DCA, They keep dropping and I keep buying. I'm still in on Renewable Energy, EV, Tech, Health.coins too gotta be greedy when others are fearful. At this point I'm grateful for my FA. Already with a 7 figure portfolio but I have no doubt investing more.

[stevepailet]

I recently sold my house.. no need to fret about values anymore.. Done and done

[danjmartinez]

The reason the government is involved in real estate is due to property taxes. It is a conflict of interest for them. If property values drop, so does their revenue.

[KatyhuscaHaberland]

*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you.... prevent inflation*

[NelsonBaker-vtfk]

Thank you for your honesty and transparency. It's refreshing to see someone acknowledging the harsh reality of rising prices, which are leaving many of us feeling battered and bruised. While I'm grateful to be in a position to absorb these costs, my heart goes out to those who are struggling to make ends meet and can't afford their basic necessities. It's a stark reminder of the growing wealth gap and the need for collective action to support those who are truly suffering.

[PumpkinKingXXIII]

I hope so, I bought and paid off my house 10 years ago. I bought at $244k. The city now appraises it at 502k. That’s bull. My house is a 1963 build that hasn’t been updated since 1976. Real estate is so pumped it’s ridiculous.

[newworldsoon]

Whether you are a homeowner or a renter, everybody's screwed financially nowadays.

[myccream]

In less than 30 days in Oregon, 6 lumber mills have closed. Several have been operating since the 1930’s.

[judyfabion]

I live in Southern California. My insurance over the years has gone from $1, 300/yr to now $8, 000. No claims, house is less than 2, 000sqft. Even with Prop 13, property taxes go up every year. Daily living costs - food, utilities, fuel - have all gone insane. Homeless and crime are out of control. Won't end well.

[robby]

I finally own my one and only home. However the property taxes keep rising so much each year that the taxes are almost as much as the payment, which included insurance.

[mle]

If you listen carefully, he is telling people they will lose everything, equity, stocks, cash, etc.. however, if you buy gold, you will be safe. By the way, he sells gold 😂

[Iwpirn]

Lets hope this guy is finally right about something. Home prices crash is a good thing for ALL the people that say they can't afford a home.

[Annie-ysoj]

What about private equity buying up real estate with cash that regular buyers can’t compete with. We have had Fannie Freddie for decades without this massive price run up. Private equity buying up 40% of real estate in some areas and whole neighborhoods for rentals is the real problem. Greed of Wall Street is destroying the average American. What is government doing with all the extra real estate taxes?

[eliot]

I’m so sick of hearing about gold. Nobody needs gold. You need tools, housing, seeds, land, power, water. You can live your whole life and never touch or own gold.

[Brigitte]

You really only understand your life and level…Stop saying cut social security after ppl paid in all their life 😮🤦🏽‍♀️🤷🏽‍♀️👀

[Dan-zbd]

In 1974 in sillicon valley I built a 3000' house on 3 acres for 20 dollars a sq ft today I am pricing out a similar house near the the other one It is over 600 a sq ft The property tax in 1974 was 800 a year this one the property tax will be 40 000 a year it is gov and its greed that has caused this