A Different Type of Housing Bubble (Video)

Peter Schiff appeared on Fox Business this morning to debate whether or not the US housing market is actually recovering. Peter argued that another bubble is forming in housing, but it is different from the last. If you’re thinking about getting back into real estate instead of buying physical gold or silver, you might want to reconsider.

“The Federal Reserve inflated the first housing bubble… But there’s a big difference between the bubble they’ve created this time and the last one… This is a Wall Street bubble. The average American is too broke to buy a house. Home ownership rates are at 19 year lows. Most Americans are renting… All the construction was in multi-family.”

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