Hi All,
I don't know if anyone here knows Peter schiff, he's a guy I have followed closely since 2006 where he always talked about the pending economic crises. He is well respected and makes a lot of sense, so when he says people who buy homes and are losing money every month with the idea that they will recoup their losses through capital appreciations are not investors, they are speculators. I believe there is a real fundamental truth to that.
I am placing a link of a speech he gave before the collapse, I think you will find it interesting.
http://www.europac.net/videoblog.asp?id=jj8rMwdQf6k
Then on the right click on Video Blog Archive, for the first date of Thursday, 24th of September, titled "Mortgage Bankers Speech 2006". I would love to hear people's opinions on Peter's thoughts.
I don't know if anyone here knows Peter schiff, he's a guy I have followed closely since 2006 where he always talked about the pending economic crises. He is well respected and makes a lot of sense, so when he says people who buy homes and are losing money every month with the idea that they will recoup their losses through capital appreciations are not investors, they are speculators. I believe there is a real fundamental truth to that.
I am placing a link of a speech he gave before the collapse, I think you will find it interesting.
http://www.europac.net/videoblog.asp?id=jj8rMwdQf6k
Then on the right click on Video Blog Archive, for the first date of Thursday, 24th of September, titled "Mortgage Bankers Speech 2006". I would love to hear people's opinions on Peter's thoughts.