Peter Schiff : Housing Market Mess Deepens

New report says lack of mortgage paper trail could trigger another bank crisis , Peter Schiff on Fox News channel October 14 2010 ...

Peter Schiff : we built a phony economy based on spending

Peter Schiff : U.S. Is Dragging Down The World Economy!

August 25, 2010 MSNBC
Peter Schiff : we want the housing prices determined by the market not by the bureaucrats ..., we had a housing bubble because of government stimulus , they kept interest rates too low they subsidized mortgages , and so people bought houses they could not afford because their houses were going up they did not save any money , so the savings rate went to the floor , the trade deficit went to the ceiling ...we built a phony economy based on spending...

Peter Schiff Stay away from the housing stocks

Peter Schiff on the Mangru Report 08 May 2010

Peter Schiff : I do not think that the market (real estate market0 has flushed out yet , I think the government is preventing it from happening , you got all these subsidies still in the housing market interest rates are still artificially low which is making homes appear affordable when they are not , you have a lot of banks that are not foreclosing on properties that should be foreclosed on , and a lot of property that has been foreclosed on is on on the market for sale , you have a huge shadow inventory on properties that have not hit the market yet , you still have subsidies for first time home buyers not only on the federal level but on the state level "
"Stay away from the housing stocks or the home building stocks "