cheaprealty net

A realtor says it is a terrific time to buy, then throws out the scare tactic line that, due to high commodity prices, future construction will be more expensive. As Peter deconstructs this argument, the realtor loses her cool.

Peter Schiff states the decline in housing values has just begun, after the real estate agent says she won't bore the viewer with the numbers.

Bottom line: housing prices are still too high - whether they have gone down or not.

Peter goes so far as to claim he was one of the only people warning about excessive real estate prices last year - I don't know if I agree with that - Nouriel Roubini and Robert Shiller were getting this message out last year as well.