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Peter Schiff predicts doom
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[QUOTE]Originally posted by Propertymanager: [QB] [QUOTE]Especially when you yourself are promoting a book that states "1 Minute to Rental Property Riches"![/QUOTE]If you did just A LITTLE bit of reading, you would have understood that the title "1 Minute to Rental Property Riches" is meant to be sarcastic. It flies in the face of all the "gurus" that promote the get rich quick without work nonsense! My webpage says "In this book, I will tell you the truth as I know it. It won’t be sugar coated and there won’t be any hype. I won’t be politically correct and some people may even be offended by the truth. Starting a rental business, or any business is difficult. The vast majority of people who try to start any business will fail in a very short period of time. If you are to succeed, you MUST have the facts -- NOT A BUNCH OF MOTIVATIONAL NONSENSE! All the motivation in the world won’t keep you in business if you don’t have the cash flow!" [QUOTE]i was negative about the rate of growth in RE prices, but i never expected to see them drop like this, this drop equates to the Great Depression, and that's not a bubble...[/QUOTE]...and that kind on irrational denial is exactly why you don't understand that the economy is going to collapse under the weight of all the promised socialist entitlements that we can't afford and all the other overspending. That will make the housing crisis look like a party. [/QB][/QUOTE]
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