I have never spoken to Peter Schiff.
We make fun of loony tunes like Schiff who think that residential real estate prices will come down without an increase in the supply of homes.
"Cutting interest rates won’t fix the housing market. It simply allows people to borrow more money to purchase overpriced homes. The real solution is letting house prices fall so buyers don’t need to borrow as much to buy them. Ironically, Fed rate cuts will push mortgage rates even higher." Peter Schiff on X
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