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:
X: x.com/PeterSchiff
Websites:
www.schiffsove...
www.schiffgold...
KZbin: ‪@peterschiff‬
#housingcrash #housingmarketnews #realestate
Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor.
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[@alexsteven.m6414]

From my analysis, people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[@Tanner-c2m]

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

[@mariahudson9939]

Anticipate rising home prices due to inflation, potential economic fluctuations, and Federal Reserve actions, emphasizing the need for expert financial advice amid uncertainties.

[@dengdelun3109]

That's impressive ! I could really use the expertise of one of these advisors. Any chance you could recommend one?

[@mariahudson9939]

Actually its a Lady. Yes my go to person is a ‘Sharon Marissa Wolfe '. So easy and compassionate Lady. You should take a look at her work.

[@belobelonce35]

I found her page by searching for her entire name online. After that, I emailed her and we set up a meeting so we could talk; I'm currently waiting on her response.

[@user-ol5rj8qn9o]

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.

[@johnwilsdon5456]

Great. LOL

[@memphistennis1691]

Like Peter Schiff....

[@wmejia4122]

Alright. It's time to be the first on Mars and build a house lol 😆

[@whodidit99]

Best comment yet

[@amyhudson1016]

Sounds like a plan ❤❤

[@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

[@budala1969]

It astounds me that this was clear to some 250 years ago, yet most today still don't see it.

[@aafjeyakubu5124]

I would love if Jefferson actually said this, but it seems to have been first published in 1933.

[@noconsentgiven]

​@@aafjeyakubu5124Wrong.

[@brianrobertson7012]

He got it backwards probably because he never thought the people would allow the government to take gold out of the value of the dollar and its devaluation then inflation.

[@user-xc7iq4cm8t]

It’s already happening and has been.

[@AzzekaTheRealOne]

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

[@helenkilgore8296]

Ms when I looked at your picture I thought it was me??

[@SomeUserNameBlahBlah]

Mom-n-pop investors own way more real-estate compared to Wall Street.

[@johngund9921]

@@SomeUserNameBlahBlah Not any more, that is changing dramatically

[@edmundmcgrath213]

AND foreign investors parking illicit money in Real estate. No Foreigner should be allowed to buy U S real estate commercial and specifically residential RE

[@amyhudson1016]

💯 this is one of the root causes of most of our current problems

[@newworldsoon2024]

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

[@gabriellec5486]

Some people are getting very creative renting rooms buying rvs & renting them too. 😅

[@Zilron38]

The question is why, who is doing this?

[@gabriellec5486]

@@Zilron38 The ones at the top💉🤔

[@bpb5541]

you all are talking about a "fourth turning" I recommend you read that book.

[@agz2801]

Not the 1% and multimillionaires

[@stevepailet8258]

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

[@JohnJohnCrusher]

You sleep on the streets? Or in your car?

[@BIgBass255]

I sold all my stocks that I've owned for the last 30 years, a week ago. If the crash comes I won't fret either.

[@resnonverba3351]

@@JohnJohnCrusherEver heard about renting?

[@nampmaljr9294]

Same here. Peter said something important, nominal cost of a house can go UP denominated in dollars, but will drop 90% in terms of gold. My big concern today is a dollar liquidity crisis, if that happens gold will sell off, that is the moment to convert dollars to gold. What's the probability of a liquidity crisis? That's the burning question.

[@Steven-zj2yw]

@@JohnJohnCrusher what kind of Comment is that? You are such a dumb ***

[@bobstaurovsky3506]

House prices are way overpriced and over inflated !!!

[@nonyabusiness1126]

Literally double reasoning...

[@AzzekaTheRealOne]

💯 corporations should never have access to homes. Ever!!

[@scottstankis69]

​@HocusPocus-o3kNo, fiat currencies accomplished that task..

[@Flash023]

The asset bubble will continue till they blow up the debt market, then we are all screwed. Gold will collapse with other assets, but will rebound quickly and aggressively, that is my opinion

[@scottstankis69]

​@@AzzekaTheRealOnevote with your money...

[@danjmartinez4]

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.

[@Singlesix6]

If property values drop they can simply raise the rate and maintain the same income. They may not be reelected, but they can raise the rate to balance the budget.

[@murat8194]

They can simply increase tax %.

[@sandblast5636]

GENIUS

[@SaveManWoman]

Don’t assess my value if what I paid for. I can’t afford taxes on over a million! I rather have cheap house and low taxes to function.

[@beatagraham1681]

@@Singlesix6 correct

[@NelsonBaker-vt6fk]

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.

[@VivianMirke]

As a beginner, remember that no one can predict the future. Approach investing with humility and focus on a short or long-term strategy with a proven edge. I'm open to suggestions on effective long-term strategies - please share your insights.

[@SamuelJoshua-iz8im]

Protecting your capital is paramount. Losing your capital makes it much harder to make money, so prioritize preservation over growth. Remember, there are many investment opportunities (trains), but losing your money means missing the entire journey

[@lawismusk]

Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.

[@Rob89248]

I'm constantly seeking ways to boost my passive income, as I don't want to work until I'm 60. I'm taking proactive steps now to increase my earnings while I'm not working

[@EmmaColleague]

This sounds so good and I would like to be a party to this, is there any way I can get her information???

[@judyfabion8849]

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.

[@1245JL]

Sell it. What a waste of good assets

[@susannaschnell4147]

By design, all of it. Private ownership is under attack and will eventually be part of the past. Achieving their goal. You will own NOTHING, sadly.

[@nomadbrad6391]

I left So Cal for good Summer 2019 and will never consider returning to any part of Cal

[@deathnsd6953]

vote blue........

[@bbustin1747]

You must live in a brush fire zone ?

[@Gerry1967]

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.

[@VinceTomJones]

This guest is another "smoke and mirrors" PLAYER....There is no actual rEAL wORLD SUBSTANCE in what he says..

[@scottstankis69]

He definitely screwed the pooch on the BTC prediction. I feel sorry for all his customers. The chance of a lifetime down the tubes...

[@adamculjak3627]

@@Gerry1967 The title is misleading, he doesn't say that.

[@nellymoo635]

Property will only decrease in value if there are no employment opportunities. Of course, govt. can intervene, but this is just a house of cards.

[@chrischreative2245]

Have you thought about home prices and rent prices if we didn’t have 22 million extra people here who shouldn’t be?

[@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.

[@puggychu]

When your city appraised your house to the new value, do you have to pay the new assessed cost or just pay your old rate?

[@PumpkinKingXXIII]

@@puggychu you have to pay at the new rate.

[@puggychu]

@@PumpkinKingXXIII Oh no :( That's terrible. How will the retired folks afford this new property tax increase on their fixed income?

[@PumpkinKingXXIII]

@@puggychu that’s what they want. There has been a lot of effort to put freezes into effect but realtors have heavily lobbied against it. They like the turn over cause that’s more sales for them.

[@puggychu]

@@PumpkinKingXXIII That's terrible :( How is this even legal being taxed without the people's consent?

[@lidijatana7894]

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.

[@kalineats]

Same. I teetle on the premise that the market can and will crash at some point, as well as the notion that many individuals miss out on gains.

[@calerothenis]

please can i get your consultants info? or should i drop mine?

[@lidijatana7894]

@@calerothenis she's Dianne Sarah Olson by name. please do your own research to see if she is suitable with your goals.

[@soveinaaraceli]

@@lidijatana7894 I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@AurucciLou]

I had to Google to be sure, great resume she has. i left a mail

[@robby60259]

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.

[@FreedomTalkMedia]

You might consider moving to a state where their ability to raise property taxes with an increase in value is limited. For example, in Michigan they can only raise the taxable value of a property by the lesser of 5% or the CPI. I think Indiana has even stricter limits.

[@randallkohn6089]

That’s my experience too

[@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*

[@VanceHorsford]

A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some

[@CarliAlpamayo]

You trade also?, I tried trading after watching some videos on < KZbin but still keep making losses, how do you

[@CarliAlpamayo]

No I don't trade on my own anymore, I always required help and assistance

[@CarliAlpamayo]

From my personal financial advisor

[@MikeRaymond-x6p]

I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...

[@SaveManWoman]

This is the first time I agree with Peter after 15 year. Time is now. Real estate is about to blow up!

[@eliot5220]

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.

[@thirstingknowledge]

As a currency use.

[@eliot5220]

@@thirstingknowledge People buying gold are just doing what some one else told them to do. It’s like a 500 year old fad.

[@paulsammon538]

Thousands of years old fad

[@eliot5220]

@@paulsammon538 Exactly it is a fad. You’re proving that by saying it’s thousands of years old. What would you need it for?

[@paulsammon538]

@eliot5220 wealth preservation. Gold has had value for millenia. Other forms of money have come and gone and gold still has value. Gold is indestructible, non-reactive, non perishable. Gold holds its value and has stood the test of time. It has survived fallen civilizations. If everything on earth was destroyed and humans dug up gold 1000 years from now it will still have value.

[@mle3857]

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 😂

[@bpb5541]

No I disagree with him. FDR stole American citizens' gold. Whats to say that doesn't happen again. I don't think anything is safe right here, right now.

[@charmingbeautytv4712]

Ofcoyrse, he want sell gold😂👎 don’t get cheated people😋

[@TheAdventuresofSnickersandMinn]

Lol

[@GuzzarAwan]

Gold and every hard commodity is real money . Dollar is just a peice of paper or Number fed into computers.

[@Niranjan_Desai]

After reading your comment, I don't have to listen what they say.

[@myccream]

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

[@Brigitte724]

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

[@rafaelr5243]

The problem is the rest of us are paying to support those collecting now. It was all a ponzi scheme.

[@capitalgainz2835]

Since 2001, the average house is down nearly 80% when priced in gold. Peter believes this trend will continue… that’s what he means when he says 80 to 90%.

[@brianoleson9224]

when priced in gold in 2019 you know that not that long ago skip a few beats it ways way less and didnt move hardly for 8 years

[@danielturner9832]

I have seen home prices double from decades steady levels in just a few years. The homes prices themselves can correct 90% to the decades steady normal

[@charliesargent6225]

How convenient to sell his investments...Schiff's been pitching his SCHTICK for decades and it's all exaggerated NONSENSE.

[@budala1969]

@@capitalgainz2835 By that logic, priced in BTC, they're down 99% since 2011.

[@sandblast5636]

What a Genius lmao

[@steved0123]

Peter is right. Back in the 1960's food stamps came out. I can remember food shopping with my father and him tossing back packages of meat saying too dear. At the time, I was 12 years old and didn't know about the food stamps. When I was much older, I looked into ti and discovered that food prices became too high for my working father because the government was subsidizing non-working people so they could buy food. This raised the prices for my working father.

[@ILoveAnchovies334]

The real issue is not food stamps or welfare. The problem is working class people get taxed the most while hyper wealthy people pay a fraction of their share while rigging the system to keep wages low. And then they trick us into believing that the lowest class on food stamps is the problem. Classic bait and switch but most people fall for it and get pissed off at food stamps while the ultra rich hoard all the wealth through shady schemes

[@ricksierra4752]

Ur father taught you wrong like so many have. Corporations raised their prices purposely to pull more money out of the pockets of citizens, cuz they can and u and ur father allowed the corporations to do so by blaming government. Take an economic class.

[@ace9840]

In 1989 I was laid off from my job due to automation. So had to her food stamps. The first month my wife went down and we got $60 bit them the rules were you couldn’t own anything and your vehicle couldn’t be worth over $300 to qualify. Because the thinking back the was it’s other peoles money. Went back the work the second month and made my wife take the food stamps back. And never went back.

[@williamblair2934]

There is always someone who if affected by these government subsidies. It makes the workers, losers. Socialist/collectivism at work

[@ace9840]

@@ricksierra4752 Corporations do what they do because of the policies and regulations that politicians past with a nudge from the mega corporates.

[@graybush10]

Government shouldn't be in anything, just doing what we tell them to do!!!

[@elchapitodeguerrerofans4640]

Good luck with that

[@nadiajurasek186]

When the hell they did what you told them ?????

[@sandblast5636]

GENIUSE

[@TheGoreforce]

Government shouldn't exist.

[@bigb6046]

Every time I meet someone that lives in the DC area they all tell me how the area is booming. The Federal government is spending our money on building monuments to themselves and to keep the gravy train going. We must shrink DC , smaller government, more power should be deferred to the states and even more should be the purview of the local governments.

[@LunaGomez-j6v]

*This is amazing. “Wealth has no shortcuts, there’re ways to attain it.”*

[@LunaGomez-j6v]

l made better decisions that grew my finances (over 1M in 2yrs) with heIp of my financiaI pIanner. Got my 3rd house Iast month, and will retire soon.

[@LunaGomez-j6v]

*Elizabeth Greenhunts*

[@LunaGomez-j6v]

Get to her with her name..

[@RaeLynnHugh]

Good I got here. Big Thanks

[@CharlotteChloé-y6w]

Amazed by this, will partake on it surely.

[@teresaellis7088]

Hubby retired from army.We bought small home.He retired again.Never got dream home. Kind of grateful now.Got debt paid off, college debt on 2.

[@Annie0-ys8oj]

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?

[@ace9840]

@@Annie0-ys8oj So where did all the cash come from that allowed private equity to buy up all this real estate and out bid single buyers? Also Fannie and Freddie were taken over by the government in September 2008. What could go wrong there.

[@Annie0-ys8oj]

@@ace9840 From the “Federal” Reserve of course. They are great at printing for the 1% , MIC & NGOs carrying out the DAVOS/WEF plans but not for housing Americans and feeding them healthy regenerative food so they aren’t poisoned by BigPharm and can live long, healthy, productive lives and have children so we don’t have to pay to import illegals and give them everything Americans are deprived of. Fannie/Freddie going belly up would be infinitesimally less of a loss as the $35 trillion we have nothing to show for except the casinos on Wall Street.

[@SH-fy2nc]

@@ace9840 Deliberate market manipulation and PRICE GOUGING during a state of emergency that resulted in MASS HOMELESSNESS.

[@ace9840]

@@SH-fy2nc So the answer to what’s coming is to be positioned financially when the manipulation ends so you don’t end up homeless.

[@user-mw8vi3xf8u]

@@Annie0-ys8oj 100% on

[@annettek4888]

I feel like one of the main issues is that business owners and corporations do not pay a fair wage while they are making millions. They should get a decent wage but they are more interested in making more and more for themselves. HOW Can young adults make enough to make retirement

[@user-xc7iq4cm8t]

I haven’t seen wages keep up with inflation in decades.

[@wazup3333]

​@@user-xc7iq4cm8tforget inflation look at productivity

[@annabanana2623]

The government and corporations killed real estate.

[@tay4950]

@@annabanana2623 the government and current administration has!

[@annabanana2623]

@@tay4950 let's not pretend these brokerage firms didn't have a role in this.

[@wazup3333]

@@tay4950 no. The current administration has little to no impact...

[@malanalan1]

@@tay4950 There you go, MAGA dummy.

[@kirbyJJ]

This economy is completely out of control. As for us seniors, we are literally starving and can no longer afford food, clothing, nor RENT / mortgage payments, etc.. I am SO TIRED of all of this manipulation. Our country is colappsing, and all of these big wigs think they know everything. But THEY are the ones who are causing these problems. We are ALL getting sick and tired of this.. Something is going to break here. All of this talk is just bull. You people who are rich do not even care about the rest of us. I am growing very tired of all of this minipulation of our lives.

[@agz2801]

ON POINT!!!! ❤

[@agz2801]

ON POINT!!!❤❤

[@jefthe1]

I live in SoCal I can’t buy a house and my rent is going up every year. Some of my co workers are now living in Mexico and crossing the border to work. I might have to do the same very soon. I might save around 2k a month just by moving to a border city in Mexico.

[@FreedomTalkMedia]

Do it.

[@user-cg8yw1uc3v]

With all due respect I love Peter but this was not his best interview, something is off about him in this one and 80-90% drop in prices I really doubt that will ever ever happen

[@NicholasAdamDemonte]

That’s what everyone said back in 07-08. Prices couldn’t drop! You couldn’t lose!!

[@user-cg8yw1uc3v]

@NicholasAdamDemonte I bought in 07 lost alot of equity the market went stagnant for nearly a decade after that

[@VinceTomJones]

This guest is another "smoke and mirrors" PLAYER....There is no actual rEAL wORLD SUBSTANCE in what he says..

[@mikerudd4943]

I believe he "means" in real dollars.

[@eddieloujones2673]

He is saying relative to Gold they will drop. In other words, invest in Gold. Check out Warren Buffet and Jack Bogle regarding Gold as an investment.

[@davidkrempasky7086]

It's NOT home prices that have risen, it's house values... so "they" can tax you more.

[@user-ol5rj8qn9o]

For sure!

[@dntstpmving]

And this is forced by Gov.

[@richardciotti667]

As a professional in the industry, I have observed a significant increase in home price reductions over the past 6 to 8 weeks. Previously, I received one or two notices a week, but this has surged to several notifications daily. Additionally, there has been a marked rise in the number of homes on the market. The local real estate map for the valley area now shows a predominance of "for sale" flags that completely cover the map. There is a notable shift in market dynamics.

[@andratoma9834]

Price reduction by how much? One -2 percent? That is not a reduction! I want to see reduction by 33-59 percent! Or more

[@FreedomTalkMedia]

The Earth has tens of thousands of valleys. Maybe even millions of valleys. Nobody knows what you're talking about when you say, " The valley area." Are you talking about the Red River valley of North Dakota?

[@rockymntain]

There is an urgency to sell. Some people have lost jobs, some people are going underwater with their mortgages, there are those who see the writing on the wall and want to get out before the whole RE market takes a dive.

[@Dan-z6b3d]

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

[@amyhudson1016]

Your government doesn’t want you to own anything. They want to service your needs for payment.

[@Chuck68ify]

Inflation, is tax theft. Inflation is a Civilization ender. 2% Inflation means your money is 3 cents in 50 years. Central Banks and fiat currency, doom and destruction!

[@KQQLCHEV]

It is a fact of life ... why fight it and complain? You need PASSIVE income! Have you been buying GOLD during tis time? Prices will ALWAYS rise, but not your income!

[@arymniak1]

You have to pay for all that sanctuary city/state entitlement slaves Keep voting socialist/ communist

[@daniglesias3997]

The fact that the government and banks have a hand into every little thing the citizens do. That's when you know the government is way too BIG!

[@brucebaraniak682]

A 50 % correction is realistic and must happen soon. Americans cant afford homes that are 4 to 8 times their income. 2 to 3 times their income , P/E index, is the norm. We are in unrealistic territory.

[@SFsurf]

There should be no property taxes

[@budala1969]

While I don't disagree, you still have to pay for schools and other infrastructure in your area somehow. I'm fine with "pay for what you use" model, but most are not, and they would be shocked with a 5-10k school bill every year... per child.

[@KQQLCHEV]

There should be NO REPUBLICANS!

[@homesteadontheridge]

I agree. I live in a small county in east Tennessee. Our property taxes were just raised over 4%. Why? Because the county officials "need" a 6% pay increase. They say the money is going to fix the roads. I haven't seen that happen yet. My back country road has potholes that would swallow an oldsmobile. Our water bill has gone up another 4% this year as well... for what? No clue. Just another pay increase for the local "elites." They are nickel and diming us to death.

[@martinclark6952]

@@budala1969it’s closer to 15k per child each year for government education..a teacher has 20 students so 300k in revenue but only gets paid 50k. Where does the other 250k go?

[@budala1969]

@@martinclark6952 Schools are paid by property taxes. If it was 15k a year per child, our taxes would be much higher

[@theraptureisnearbelieveinj448]

Even for a tear-down, they still want $50k. Are you kidding me? !

[@tmo4330]

Can you be more specific? 3 years ago I bought 7 acres of land with an old condemned house on it for $35,000.00 I can almost double my money on it right now! I get letters and texts weekly from people wanting to buy it and to buy me out. I have 183 acres of timberland in Alabama.

[@rockymntain]

@@tmo4330 Most people won't look at old houses. It takes a person with a positive outlook to take on an old homestead. Sounds like you scored big. You can sell a little bit of the timber and make a few bucks with a sawmill.

[@destroya3303]

Might as well move to Italy and buy a $1 home.

[@brianhoward9217]

Well done Todd - great interview with a great operator in Peter Schiff. Love the home you were recording in - looked spectacular! Peter was one of the very few to call the 2008 crash and his haters never mention this. People would be well advised to listen when he speaks of the next crash. It is always better to be a year early in preparation than a day late - this is what the haters and the turkeys forget. Peter is one of the greats and an inspiration to free thinkers. He is of the ilk of Ron & Rand Paul, Jim Rickards, Jim Rogers. Keep up the great work you ol' 61 year old and don't let the turkeys get you down (haha, I have 2 years on ya so I can cal you old!). Luv you and all your material. Cheers from Sydney Australia.

[@DetroitHomeInspector]

IF the sheet hits the fan like Peter ALWAYS says it is....the only precious metal you will need is LEAD, not gold.

[@monkeyloven]

I love that successful people still work and help us younger people out, they don't have to. Hats off!

[@Starship007]

Younger people do not want the huge baby boomer homes in the suburbs. They would rather rent downtown and walk everywhere. They are more interested in internet speed

[@DeborahE7]

Younger people are the ones that actually need the big homes to comfortably raise a family of 5-8 people. Some of us love having children and raising children well. It’s crazy how many single boomers are taking up lots of huge houses because they can’t afford to move out.

[@lizevans6677]

I know families that house share. Several siblings and kids as well as their mother share a large house using an llc.

[@inflationmillionaire-df3mn]

instead of making extra payments on my house i bought gold. Seems to have worked out so far.

[@ruruvarela]

That's great. I did both

[@postalpancho]

But you can live in a house.

[@waynehendrix4806]

Own the house. It's the first step to freedom.

[@helenkilgore8296]

Hope it is not digital gold??

[@inflationmillionaire-df3mn]

@@helenkilgore8296 nope physical gold

[@urallnutz5294]

30 years to own a home. Is it really worth a few decades to have a few walls and a roof slapped together? I'd bet within ten years, constructor robots could put together something far more functional in minutes

[@puggychu]

Yes, I think you are right in that regards the future homes will be put together by robotics. I have seen videos on 3 D printing out walls of new homes. They seem very doable.

[@urallnutz5294]

@@puggychu yep, after all, a car is a far more complex machine then a house and humanity has figured out how to create them economically. The only thing pumping up the housing Ponzi is red tape and a rapidly dwindling voter segment

[@twobitsandpepper8235]

Instead of brick, lath and plaster, it's all just made out of plywood, drywall and paper now.

[@RonaldSkancke]

@urallnutz5294 they will still need a expensive piece of dirt to put it on. It's not necessarily the cost of the house. It's the dirt it sits on

[@TheAdventuresofSnickersandMinn]

lol… it’s just a money game

[@teodorflorea4235]

No offense, I have lots of respect for Peter Schiff, but less than a year ago on another interview with Sachs Realty he saw no crash. Now he sees a crash. Well, thanks. I can see the crash now on my own, I don’t need an expert !!

[@yanbaihuzxzxzx]

In terms of houses, well the 2008 toxic assets never got cleared, the true home prices never got set. They allowed the banks and investment firms to buy up these toxic assets and instead of slowly releasing them they hoarded them and raised the prices so they had another crisis they made again. Allowing the homes and the economy to fail would free up the country and give a real value to assets, you could build on good foundation because of that. Just get ready for the collapse now because of the greed.

[@eyesofanomadictrucker9208]

I spent $178 for a bag of trinkets at Target. A few years from now that same bag will be 500 bucks good luck guys ...

[@timothyrday1390]

I hear the stuff that Peter Schiff is describing already happening in Canada, with people renting out spare rooms and basements to strangers just to keep up with the mortgage/home ownership expenses.

[@nellymoo635]

Australia too.

[@rodmacd8357]

That's been happening in Toronto for decades.

[@bbustin1747]

I’ve rented rooms to strippers to increase my value ❤

[@nickolas6060]

But doesn't that just show house prices aren't coming down?

[@amyhudson1016]

In the 40/50s people use to sell a room and meals to help make ends meet. Especially older widows who struggled for money

[@FredShin-m7x]

80-90% Home Price Crash this will never happen

[@Norm8179]

I make my own mochas in the morning. 16 oz mug from the dollar store. Basic pump type espresso maker got at a thrift store, 15 bucks. Been working 5 years now. Grinder from Walmart for 60 bucks. Milk $3.00 to$ 5.00 a gallon. Hershey special dark cocoa powder $5.00. 24 oz jar of molasses (sweetener) $5.00 Bag of beans $10ish. Approximately 12 cups to use a gallon of milk. Quick math, About 2 bucks for a 16 oz mocha.

[@rockymntain]

Coffee maker at the thrift store: $10.00 Can of Folgers ground coffee from Wallymerch: $9.87 Simple arithmetic: about 0.25 cents per cup of no frills, low fat, low cal, black coffee.

[@off-gridsurvivalmike8120]

The social security gets diminished quick once you retire. Or at least in my case it has. At first I was doing ok but now that everything has tripled in price I am struggling to stay afloat.

[@stephengeorge3507]

In same boat

[@anthonyrodriguez2413]

If all you have is social security than you failed to plan and also invest during the last 40 years which were the best time to do so.

[@dp.7616]

I hope you won't be voting democrat...if you did in 2020...hopefully you learned your lesson

[@user-tg3vw4pd7j]

The only generation had it better than there parents and kids. All you had to do was buy a couple index shares in the 80s and hold stay in your 50k home you paid off decades ago and live off the 10x in equity the ss check should just be a bonus.

[@rockymntain]

The effects of out of control gov. deficit spending/borrowing = inflation.

[@ImNotHereToArgueFacts]

Spend your life predicting crashes and you miss the majority of opportunities. Being prepared is one thing, always expecting is another.

[@unknowndriver6652]

Can you explain what you mean?

[@ImNotHereToArgueFacts]

@@unknowndriver6652 More money has been lost anticipating bear markets than in the bear markets themselves. My home value isn't going down 80%. I don't intend to sell.

[@TheAdventuresofSnickersandMinn]

😊

[@randallkohn6089]

He bought most of his gold 20 years ago 😂

[@terryllee7706]

Renting a room is dangerous 😮

[@rochelletheriault650]

@@terryllee7706 I had to rent a room. I do background checks and criminal records checks. I stopped doing it.

[@chakkakon]

Right? That’s insane. They’ll claim some BS and you will not get them out. Squatters Rights are two words that shouldn’t go together

[@connykitzing8981]

avoid it if you can! it’s hard to get them out if things go south. people are so unpredictable these days. i did have some good experiences with Japanese students though. polite and considerate .

[@DanGilliland-pi4vh]

It depends. If it's family or someone else you have known a long time ,stable, goes to work everyday and honest and each party respects each other ,it can work we have been doing for the last 20 years

[@billyhomeyer7414]

Oh they’re getting ready to force you to house smelly murderous thieving illegal aliens

[@ladyofmerced]

LOVED THE BOOK your wrote on April 2016 called THE REAL CRASH How to save yourself and your country. It is valuable and suitable for today. Thanks Mr.Schiff.

[@bpb5541]

i didn't read it, but if it says to buy gold. I caution you. what comes next is going to be a liquidity, collateral, and credit (debt) crisis all at the same time. Gold is going to get crushed along with everything else. Just my hubble opinon.

[@jeffgomez1257]

Held a license for 2 decades! This is the most spot on broadcast I have seen and understood. If you haven’t already sold you could be screwed. Or have deep pockets?

[@Siclone23]

It doesn't matter if prices drop, the interest on the credit is outrageous and will continue.

[@Veteran007]

Social Security is earned; it's not a benefit. Woe unto the party that dares try to mess with it.

[@shayscott7498]

non-working spouses who get 50% of their spouses benefits and minor children didn't earn a darn thing. It should be for only those who contribute.

[@rockymntain]

SS is still an "entitlement." Even though every worker has "earned' it, there is no guarantee. It was intended to provide financial stability to old people after they reach an age where they could no longer reasonably earn an income(think, The Great Depression, mid-1930s). It was not intended to be a "retirement program." It has now become a "retirement benefit" that the government provides.The gov. is saying that because the outflow of funds is increasing, we can expect a decrease in the benefit starting in the early 2030s.

[@cw0420]

WAKE UP, social security is now a Ponzi scheme where the pyramid is quickly becoming inverted. Today's current working population is growing at a much slower rate than the rate of the population that is collecting social security and that working population IS the group paying for Social security checks issued today. YOUR contributions were spent on the generation that retired before you along with what ever the government got their hands on. The only way to recoup what you paid in is to create the $$ difference and add it to our ever growing deficit and hand that debt down to our next generations and continue the cycle. Face it, social security will be in the red around mid 2030s which is right when I'll be at retirement age. IMO social security needs to be a real discussion that our politicians work through to make solvent, but they know that it's political suicide to address as IT WILL REQUIRE SACRIFICE by current and near term recipients to fix. The good news for you is the current leading candidates have no plans on balancing the budget or reducing government spending or the national deficit, so you should be good for the next 4 years as our debt rapidly increases for our future generations.

[@budala1969]

SS is theft. It's an unsustainable program that cannot work in a fiat based monetary system. They sold you a lie.

[@Iron2011rob]

@@Veteran007 it is already happening. They are paying a social security benefit (for 7 years) to illegals. Expect the trust fund to run out. Beneficiaries will get 70% while inflation roars out of control.

[@pier21realty]

Peter is 100% right. The key is to get ahead of all of this and be prepared to take advantage of the government and public mismanagement of everything. They will eventually be exposed, and it will be too late for most then.

[@EcceHomo1088]

You don’t think this is purposeful…?

[@PS-qz1zn]

@@EcceHomo1088 A LOT OF IT IS PURPOSEFUL FOR SURE. WE JUST HAVE TO OUT MANUVER THEM. ITS NOT THAT HARD BECAUSE THE ONES IN CHARGE ARE TRULY MISFITS.

[@liamo8932]

@@PS-qz1zn why are you shouting

[@pier21realty]

@@liamo8932 IM NOT I ALWAYS USE CAPS ON THE COMPUTER.. IF ITS NOT CAPS ITS FORM MY PHONE. 🙂

[@Sondan1988]

Peter Schiff is a FOOL ! "You know, a lot of them are paying Social Security taxes. That's why they can't afford to buy a home. Because they're supporting some wealthy guy who's retired." - 5:35 mark of the video ---- That wealthy guy is who he thinks the problem is ? That wealth guy wasn't forced to pay the Social Security tax for decades and decades ? The problem is the wealthy guy collecting just some of the taxes he was FORCED to pay into the Government ? Wait a second...wasn't the 'Wealthy Guy' supporting someone while he was working and paying his FICA taxes ? LMAO The real problem is our BLOATED BEHEMOTH of a Government but I doubt he will tell us this that !?!?! Government Social Security, Government money printing, Government stimulus checks, Government raised or lowered interest rates....stop me when you start to see a pattern ????? I can't listen to anymore of this crap. Keep voting Republican and Democrat and wondering why things keep getting worse !!

[@paulchapman1933]

If the government shouldn't take care of us when we are old, then they should not take Soc.Sec. out of our checks. It is not all give away. You do pay in. I really don't agree with him on so many levels. He's a salesman.

[@JohnDaniels]

House prices have not gone up! The purchasing power of your money is going down 😡

[@TheAdventuresofSnickersandMinn]

I think it’s both 😊

[@monsteraetc]

A couple things…I’ve been paying into social security for 40 years. That was MY earned income, taken by government without my permission, and invested in ways I had no control over. Also, not everyone has children to take care of them when they’re older. Obviously, people need to prepare for their elder years, but when the goalposts keep moving and entities keep “losing” our money in recessions, inflation, and other unforeseen ways, it starts to look hopeless to many.

[@FreedomTalkMedia]

Yeah, the government took your money for 40 years. You were stolen from. Now, in order to receive social security payments, the government needs to steal from someone else. But because fewer children were born, there aren't enough someone else's to steal from to pay you what they stole from you.

[@FreedomTalkMedia]

Elder Care used to be a reason some people had to have children. But once they started to steal from the whole population to give to the elderly, then having children became less important. And now the world population is going to collapse.

[@BennyLC79]

Good luck crossing international borders with 10kg of gold in your suitcase.

[@drumsnbass]

That why you need coins. As a metal they can be concealed in many metal places on a vehicle.

[@charletonzimmerman4205]

Just melt them down, & re-mold into "GOLD TIOLETS", like Trump !🤣🤣🤣

[@jamesjavellana5]

Gold jewellries may work I guess

[@danielturner9832]

Good luck crossing from this point in time to some point in the not to distant future with your fiat currency rapidly losing value. Cross border travel is the least of most people's problems.

[@caryphillips4885]

See, this is what I think Peter is missing about crypto. There is a lot of intrinsic value to having the ability to do that. Then, when you get into the country you can re buy your gold and silver.

[@maagu4779]

This program is about rich people with money... Middle class need not apply.

[@sidvicious2845]

If the price of homes drops substantially, I don’t see any homeowners willing to spend a lot of money on building materials and labor cost only to sell their home later at a loss. It’s all supply and demand, home materials will go out of business is their material costs are unaffordable. Homes that have been maintained would likely be in higher demand in a market saturated with homes that haven’t.

[@postalpancho]

I’ve listened to Peter schiff on and off for almost a decade. Definitely an economic alarmist. Think of climate change alarmists but with the economy, that is what he is. He may eventually be right but it is far in the future and can’t tell you when. He may be right in principle but the market is extremely flexible in preventing crashes.

[@TheAdventuresofSnickersandMinn]

I agree!

[@violetnight0212]

People used to rent out rooms all the time around the turn of the just to make ends meet. Even renters would rent a room in their apartment to another family, again, just to make ends meet. But, this was a different stock of people. Our world is different today, people have come to believe that they deserve the very best right out of the gate. I don't know if they'd be willing to sacrifice that. Also, renting a room isn't always a safe proposition especially the older you get...much more room to get taken advantage of.

[@razorbeak7295]

@@violetnight0212 But we can thank the Boomers & GenXers for making that illegal too; just like the way they passed restrictive zoning laws to eliminate starter homes (which further fuels NIMBY-ism), subletting apartments is punishable with eviction. I am so fed up with the way old people consistently pull the ladder of opportunity up behind them, preventing anyone else from achieving the same successes they were offered.

[@MrTrippticket]

@@razorbeak7295 Um, I think you could have just stopped with Boomers...no need to lump Gen X in with their shenanigans.

[@samisam3780]

@violetnight0212 most property management will charge you a higher monthly rent if you add an adult to the lease. Completely lame.

[@deebrown7160]

​@@samisam3780I charge more for a single person in my big 3000 foot rental home. Oh you going to be moving here by yourself? I was born yesterday 😂

[@budala1969]

People also use to be able to buy a home on a single blue collar income while now many two income families are renting and struggling to make ends meet. Spare me the bullshit. The standard of living was simply better before we went off the gold standard and allowed the banks to rob us. I pity the younger generations who aren't already owners.

[@FesteringRatSub]

Peter is not at all biased towards GOLD and SILVER, he fears BITCOIN because it threatens his main pot of GOLD. He is wrong about Bitcoin and will not stop talking about it. He is correct about FIAT money and Realestate.

[@randallkohn6089]

Well …….. bye 👋

[@Luv-evedear]

I’m in real estate by profession. I seem to sell more condos than homes. In December 2023-January 2024, I saw a $40K decrease in the values of condos in South Broward County. A condo sold $55K less than another condo, in July. Condo values are now peanuts in South Broward. Would you say we are now at a more realistic price, rather than super inflated?

[@1245JL]

HOA’s and Govt mandatory repairs and insurance hikes will break many condo owners

[@Technotranceism]

Condos are in a situation involving high assessment fees, and atm are a bad investment for many people. Insurance and taxes, just compile to the problem.

[@christopherk140]

I have a two bedroom house… took a couple extra rooms and a greenhouse wing and make an efficiency apartment on the side with my own hands. Now we have a place to live and grow our gardens and an income to pay the property expenses.

[@iamcarpetpython]

One thing that surprisingly not many people talk about is the cost of construction (labor and materials) to upkeep homes. I wonder if 20 years from now instead of prices falling on houses, we'll just see a lot of houses being abandoned, while the ones left are still sky high in value due to hundreds of thousands of dollars it costs to renovate them.

[@TheAdventuresofSnickersandMinn]

Yes!

[@Daoistify]

Spenders holding dollars determine what the dollar is worth. Price is defined by supply and demand. If a product or service has no demand, it’s worth little or nothing at all. Prices cannot go up ad infinitum. There is a point even for utilities where no one can pay.

[@btimothygordon2777]

@@Daoistify Not when govt is constantly manipulating markets. If the markets were actually Free there wouldn't be such severe swings in value. Or the need for periodic stimulus/ QE

[@vickibarbaria7383]

If those "wealthy " older people, that PAID a mandatory 15% social security fee on their income, put that money into an IRA, what return would they get? Social security is NOT welfare. It's money we were forced to "I vest" with government, that had a LOW return. This was a forced savings. No different than homeownership, stocks, or IRAs, except we were forced to "invest" for 30 or 40 years. Your take on this is insulting!

[@bpb5541]

I think people being forced into anything is wrong. 401k and IRA investors have made true price discovery impossible. Social Security is not going to make it past 2030 and those like me that are in their mid 50s will lose all that money.. and never see a red cent. That migh cause some civil unrest I would think. The truely scary thing of all of this is say you have a nice 401k and an IRA and are getting older and those lose over half of their value, at the same time Social Security is going into default. That mean a whole bunch of older folks are going to be in real trouble. So they will sell the only big asset they think is an asset and that is their house. That crashes the housing market and we get a total reset of everything. The decsions the Boomers made are coming home to roost. But it will not just effect them, in their golden years... which I do not think are going to be golden... but the next 3 or 4 generations that follow them. They will be looked at the gernation that was supposed to be cool (hippies to start) that ended up being the worst generation of all. Greed never ends well, and all the government spending, bail in, bail outs, and helicopter money that the boomers did ... well I think it leads us to the USA getting knocked off the king of the hill.... right on time... average in history is 100 years. So we are actually a bit over due.

[@JohnRuhlJr-wf1on]

Exactly !! The people that make over $ 169,600 should not be exempt from paying into the fund !! Why should they get out of it ?? If they paid in and the government left their fingers off of it ! It would be solvent, but it is not a handout like he is making it out to be !! WE PAID FOR IT !!

[@2olvets443]

They sure inflated value when all governments are doing their assessments for the new years taxes!

[@jonathantaylor6926]

The reason Peter might be right on this is once the negative feedback loop is established, that will be impossible to contain.. contagion. Falling value create a liquidity crisis. So there can be a long line of people willing to pay X for a house but they can not obtain the financing. This is what happens when the debt markets seize up. Homes sell well below their "real value". Once the RE bear market becomes a mainstream fact lending standards will tightening dramatically. 3, 5 or even 10% down isn't enough to protect the banks when home prices are falling. Their loan could be under-collateralized after only a few months. The other major concern for banks is that their borrowers income is often their primary asset. If the banks are worried about the job market their lending standards get even tighter. And then there is investor selling which is a separate but issue that could make supply skyrocket.

[@germancamacho3944]

I don’t care about house crash , I own my home no mortgage no debt , and have no intention of selling I don’t have the need to live in a shoebox,and I need my space 1000sf to myself , so the hype is not for me and perhaps to thousand of people who already paid in full, is the young generation got screwed

[@HomesonLocke]

Sad, a lot of the comments here don't actually understand what Peter is saying lol.

[@Run4Ever77]

It really is crazy. Many somehow missed the first 7 minutes...

[@LocalsNomad]

He always wears blue. Wearing blue people are more likely to believe what you have to say

[@timeforachange-i3s]

Kamala said "Everyone should end up in the same place." I agree with her, my niece receives the equivalent of a $150K salary from taxpayers ($3,400 HUD Home, Utility Stipends, Food Stamps, Health Insurance, Cell Phone - all taxpayer expenses). Now let's add in her additional items Americans donate to her: she goes to food banks every week for food, she goes to all school supplies and clothes donations give away sites, and during Christmas she applies for every Christmas present donation. Meanwhile she had six children by five different men (one set of twins). She splits the kids - three go on her unearned income tax refund and three go on her mother's unearned income tax refund to maximize the unearned income tax refund of about $5,000 per household. KAMALA - MY NIECE SHOULD BE WORKING 60 HOURS A WEEK LIKE EVERYONE THAT MAKES $150k A YEAR. She should end up in the same place as all 60 hour workers per week that pay for her to live. WORK 60 HOURS A WEEK JUST LIKE EVERYONE ELSE TO MAKE ENDS MEET.

[@Patriot-od6xk]

🤔 unfortunately 😔 I know where thousands of these type of people are living the Good Free Life off Taxpayers Backs

[@shayscott7498]

You got your trump tax break same difference.

[@trina2100]

Oh wow, I never considered how much all the gov't assistance added up to annually. That's crazy. $150k per year to pop out babies? The system is broken for sure cause I can see some ppl reading this and saying screw going to school and starting a career. I'll just do this. Craziness.

[@trina2100]

Wait, it just dawned on me, she goes to food banks every week for food yet she gets food stamps for 7 people?

[@fairplayer7435]

Your niece is a legend! She figured a way to get behind the government and use its might to abuse the taxpayer. As taxpayers moan and groan, she is smiling and pushing harder.

[@MichaelDillin]

The government will do the same or even more aggressive than they did in 2008/9 crash. Funding banks, falsely propping up prices instead of letting them fall to market value. If they would have allowed the market to crash naturally and actually auctioned homes in foreclosure within 90 days instead of allowing/giving banks printed money to buy houses at auction for twice what a person in the free market would pay for the same home. As a conservative in a strong financial position at the time I was frustrated because I saw the crash coming and was prepared to invest. I was not prepared for the government intervention by way of money printing.

[@nampmaljr9294]

Peter said something important: the nominal cost of a house can go UP denominated in dollars, but will drop 90% in terms of gold. My big concern today is a dollar liquidity crisis, if that happens gold will sell off, that is the moment to convert dollars to gold. What's the probability of a liquidity crisis? That's the burning question.

[@caryphillips4885]

Even in a liquidity crisis you're only very shortly benefitted by holding cash instead of gold. Just wait a few months until the crisis is done and you'll be glad you kept the gold

[@nampmaljr9294]

@caryphillips4885 I get what your saying. I just sold a home, and I'm agonizing over what to do (reinvest or pay tax and take the cash). Thanks for responding!

[@caryphillips4885]

@@nampmaljr9294 I'd say, worrying about timing is usually a lost cause. You could get lucky or miss the mark. Which would you rather have kept 10, 20 years from now?

[@caryphillips4885]

@@nampmaljr9294 There is actually precedent for that as well in 2008, during the liquidity crisis gold dropped a little bit, then shot up shortly after, mitigating whatever benefit you would have gained from holding cash.

[@jjwatt5126]

I don’t think people will get the opportunity to buy gold. Looks at the banking situation last year. 3 major banks failed and premiums skyrocketed on metals plus shipping times were extended 3-4 weeks. TBH even gold at $2450 is a great buy especially where the price will be heading

[@jamesdonald7485]

I live in Colombia. There are NO property booms and busts here, except for price rises caused by the current influx of economic refugees from the N American and European economy debacles. The main reason for the stability in the Colombian real estate market is the consistency of interest rates. When we first bought a property in Medellin 8 years ago, interest rates for first mortgages were 10% p.a. Fortunately we didn't need to borrow because property values were so reasonable. Now interest rates may be slightly higher, but still broadly similar. The effect of this interest rate consistency is that there are NO booms or busts. And in that time the Colombian Peso has appreciated against the USD by some 20%. We can only see this trend continuing given the existing economic chaos in the US. This trend is forecast to get worse.

[@darwel007]

I moved to Colombia recently from the US. When I'm visiting The US I no longer refer to myself as a local. The life I experience in Colombia far exceeds what is possible in the US for me.

[@MrReckless1978]

Legit question, what are the gun rights like in Colombia? Can I carry?

[@jamesdonald7485]

@@darwel007 we feel exactly the same. Our country is New Zealand and prices there compared to Colombia are generally at least 50% higher. We haven't lived in NZ since 2011. Sailed our boat for 10 years starting in 2008 and then finally swallowed the anchor and moved to Medellin in 2018 where we had bought an apartment 2 years earlier.

[@frankyhonnolus5528]

Question. Do you have to pick your city carefully to avoid crimes in Colombia? I always worry about that in Latin America.

[@jamesdonald7485]

No more than many other places in the world - and Colombia is often much better......​@@frankyhonnolus5528

[@circlethewagons3014]

There should be no federal reserve, why don’t you just say it Peter

[@Supaster71]

@@circlethewagons3014 🎯🎯🎯

[@SomeUserNameBlahBlah]

He has in many interviews.

[@henryhonda8408]

There should be no republican or democratic parties!!! They're ALL useless idiots.

[@circlethewagons3014]

@@SomeUserNameBlahBlah l must have missed that one. Good on Peter, I’ve always liked him

[@randallkohn6089]

He has you’re not listening.

[@NoSirNotTodayOrTomorrow]

I think the next administration should help the men involved in building new homes, there's a shortage of homes right now. A Housing crash would cause further problems with the shortage.

[@vansicklejerry]

So, if the big conglomerates like Black Rock, Main Street, Vanguard, etc are buying all the property up, then why would it crash 80-90%? People need a place to live, so they will always be buying a house. Approx 60% of homeowners have a mortgage so that means like 40% of homeowners don't have a mortgage. How likely is it that they will sell their house if the economy goes to crap? That isn't very likely they will sell their home especially if the value dropped 80%.

[@christine7475]

Oh please with a free market like Schiff describes only big corporations would own all the homes. It’s the lack of regulation on who can buy single family homes the people would all be living in overpriced rental slums. The problem is no corporate accountability and control.

[@FJB-FJB-FJB]

Close the border, problem solved.

[@caryphillips4885]

There is definitely more to the problem than downward wage pressure and increased home demand from immigration. Inflation is the greatest swindle of all time

[@jakec.4356]

“…It’s not our fault.. we’re the victims ..it the illegals fault…”

[@SomeUserNameBlahBlah]

@@caryphillips4885 No illegals = more vacant apartments = rental prices drop = home prices will drop.

[@sergioschiavone4404]

@@FJB-FJB-FJB wow you figured it out! It's the millionaire Guatemalan workers of the farms that are pricing the middle class out!

[@MissBabalu102]

Especially California. Every new foreigner should move back to where they came from.

[@shirleygriffin7672]

Excellent and thanks for sharing. We took Care of my grandmother and great grandparents in north Florida, decades ago.... from the Ozarks

[@D1Ziple]

Interesting discussion. But we have inflated the markets far too much to ever go back to a physical backed currency such as Gold in my opinion. If the whole thing crashes the only physical currency will be food, water, and ammo

[@ryanpatterson9526]

80-90% seems optimistic, but I could see a 30-40% in home prices.

[@FreedomTalkMedia]

A lot of homes already have 30 to 40% price cuts. It's not the same as the market having a 30 to 40% price cut, but it just feels like an indication of where things are going. However, if you listen closely, he's talking about the price of houses in gold.

[@lenering1084]

Peter blames the government for all the problems with the house market. The corporations have no responsibility for this mess. Good try

[@williamblair2934]

I agree with Peter. I have thought this since we were buying homes 40-50% off previous prices in 2012. Look how the prices were inflated from there. I definitely think a 400k house at today’s prices needs to drop to $100-130k in order it to work for the banks to loan to people at a higher rate. In the early 90’s, I could buy a 3 bedroom/2 bath on 1 acre for 85-90k. The interest rate was higher but the purchase price allowed it.

[@lordinquis8r679]

I agree with you, 100%.

[@fartsyfloxy855]

I remember those common sense days. Sigh...if only In complete agreement!

[@nellymoo635]

Singapore and high-density populations. Common to rent out rooms in the family home.

[@blanebrinkley8333]

The stock market might decline that much temporarily due to a correction but real estate cannot possibly decline to those percentages unless some kind of major change occurred.

[@odessajackson4551]

A lot of seniors during covid retired after they lost their job and chose not to go back to work so they applied for the social security check thinking that check was going to be enough for them to come live here in Florida in condos and trailer parks but they are getting a rude awakening.. with taxes insurance HOAs assessments and inflation

[@stephengeorge3507]

Neibors sold next to my father,three families moved in next door,eight cars,ten dogs that never shut up,garbage all over,pretty DISCRACEFULL, this is all over long Island, the crack houses were better,shut the border,bring back the crack house's

[@TheAdventuresofSnickersandMinn]

Wow

[@marklegler7442]

Hello out there from Las Vegas NV area great show today!

[@AngelEyes-xm7el]

Homeless is the new home ownership

[@radzer0966]

If we have that 80-90% drop. We’re going to be in much worse shape than houses. I think 70% is gonna be something we don’t see

[@bpb5541]

I will give you an exact number that I think we will see all markets fall... 86% ... it is going to takes years... at least a 2 to 3 years bear market. Then we go sideways for about 7... so another lost decade.

[@GeraldWadeRadio]

this is my 1st time subscribing to your KZbin Mr. Sachs

[@wiredspeaker5658]

"BTC is fools gold"...that is absolutely false

[@stunningandbrave3527]

really? cut the power and ur broke, its even worse than current worthless fiat

[@redrustyhill2]

We shall see, time will tell.