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Greg Fielding · Guest

http://housingstorm.com/2009/10/the-american-dream-has-been-hijacked/

Peter Schiff has been right about housing, but wrong (so far) on inflation.

Here is a video by Peter Schiff, explaining homes-as-shelter vs. homes-as-investments.

I agree with most of what he says in this video. The only parts that I disagree with him on have to do with the dollar and his expectations that other countries will fare better.
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WATCH VIDEO
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This is an important point to remember: a house is consumable. It won’t last forever and will need constant updating and modernizing for the structure to maintain it’s value over time.
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Branding homeownership as the American Dream is one of the most successful ad campaigns in history. And that’s what it is…an ad campaign.