Schiff Report: Real Estate prices have to fall to a point to where they’re actually affordable.

by | Feb 25, 2009 | Peter Schiff

Peter Schiff discusses real estate prices in his latest video blog, February 24, 2009.

Real Estate prices have to fall to a point to where they’re actually affordable. Prices need to fall to the point where the average American has enough money to put up a 20% down payment. where the average American can actually afford a 30 year loan. And also, where the average American can convince a willing private lender to loan him the money based solely on the collateral he puts up and his own ability to repay the loan. Not with a government guarantee.

Watch the Peter Schiff Report Video Blog:

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