Peter Schiff : The Housing Crisis - Goldseek Radio 01 May 2010

Peter Schiff : People over paid for their houses , a lot of people are going to lose their jobs in the coming years which means more properties are going to hit the market , one of the reasons that consumer spending is rising is that consumers are spending the money that they are not using to make mortgage payments or property taxes or maintenance , more and more people will stop paying as the property prices continue to fall...