I'm surprised. I was expecting him to say what every realtor says "...the economy's coming back, it's the perfect time to buy,..."

Okay, let me get this straight -- a sharp decline in asset prices is inflation?

Despite that bit of confusion, he's giving pretty solid advice if the slump that's been going on for the last year continues to go on the way it has been (and it probably will for another year or two). The problem is, he's saying that this will continue for 5-10 years, which is a pretty dire prediction, and doesn't provide any basis for it.

The website he mentions in the vid gives a pretty good clue as to why he's misinformed, though: http://inflation.us/peterschiffraises.html

I thought the talk of hyperinflationary apocalypse sounded familiar.

^Ha! I knew it! I've noticed you've been picking on Peter Schiff recently in your comments, and I couldn't put my finger on why until just now. It's because Schiff is running on a Republican ticket in Connecticut against Dodd, right?

Towing them party lines, boss!

Actually, I've been picking on Schiff for a lot longer than he'd even been thinking about trying to challenge Dodd.

Check it out.

The recent uptick is because there was a spate of videos of him that got sifted, and a couple people brought him up in comments.

Dodd's not in any danger from Schiff. If anything, a three-way race might help Dodd get re-elected, especially if Schiff starts ranting about socialism.

In any case, I think this guy here does a pretty good job of opposing Schiff's theory, by predicting a bout of deflation with some pretty solid economic reasoning. It's too bad he then just repeats Schiff-sourced predictions without seeming to sense the contradiction between what he concluded using his own real-estate experience, and what he was told by a self-proclaimed expert.

Realestate agents are douchebags. All of them.

Yes, that means you.

*douchebag

>> ^ponceleon:
Realestate agents are douchebags.

I'm inclined to agree. Going through that shit right now.

She's going to make thousands on this deal and she didn't put eight hours worth of time into it, and the time that she did spend on it was usually fucking up the numbers, talking to me after handing me a contract to sign, and generally disobeying my explicit requests as if my say in the matter were irrelevant.