Barry Robbins

Peter Schiff on the Housing Market and the Rescue Plan

The basic fact is that real estate is still too expensive. This is the root of the problem. The best approach is to move toward more affordable housing at a measured pace. This means that real estate must continue to decline in value. Many people think a roughly 20% decline in prices would be appropriate. If you have less than 10% equity in your home, then you should consider your options.