April 04, 2008

Peter Schiff on Fox schooling yet another "it's a great time to buy" ramen eating realtor





I think they're running out of fools to go against Schiff. Here's probably a typical call into the NAR:

"Hi, this is Mindy at Fox Business Channel guest booking. We need another realtor to go against Peter Schiff. You got anyone stupid enough to show up and say it's a great time to buy? No, that long hair caveman freak won't come anymore. No, that coked-out blonde freak won't come either. Oh, you have another one? And are you sure she'll stick to the script? Great! Send her over!"

And for a good laugh, visit the latest Schiff victim's site

50 comments:

Paul E. Math said...

You could see the woman practically reading off the NAR script in the back of her mind. The NAR playbook says that when faced with data and facts then dismiss them by saying "there are a lot of regional variations".

Realtors are trying to fool people into thinking that, although prices are crashing everywhere else, their own market is still strong.

This is why I hate Realtors(tm).

Ed said...

Keith you bash Fox left right and center. Does Schiff appear anywhere else but Fox? Does he ever appear on the Obama Channels (AKA MSNBC/CNBC)? Or the Clinton channel?

All I see on the Clinton channel is story after story about poor, poor victims of foreclosures who need a bailout pronto. Or that imbecile Lou Dobbs whose show might as well be called 'I hate brown people and you should too'. And what's on the Obama Channel? Our good buddy Cramer who I think still has a buy rating on bear Sterns to this day.

Anonymous said...

Well at least the good news is that that long haired caveman freak in not on Fox anymore with his idiotic denial about the housing crash. At least he looked the part.

Wonder why Fox insists on having hippie financial experts on their talk shows?

Anonymous said...

I'm Dottie from New Yohk, prices are fine in New Yohk, it is supply and demand.

Somebody put the gimp's ballgag in her mouth. I will say she wasn't as bad as caveman and crackwhore.

Still pretty lame.

Anonymous said...

what a dumb bitch

theloknesmonster said...

First of all this anchor is an ass.

In an effort to keep things moving he fails to let anybody finish their thought.

Secondly the tiny pool of qualified buyers (20% down, money in the bank, no debt) is too smart to buy into this market, leaving only the unqualified folks who won't be able to do anything anyway.

I feel sorry for anyone that watches Fox to get their news. It is hype and hack journalism at its worst.

Anonymous said...

Typical Fox News, always allowing that Schiff idiot to spew his nonsense.

Anonymous said...

.




Another real estate Douche Bag trying to 'talk up' the market!

Have these A**holes no shame!



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Anonymous said...

.



What a typical New York Gas Bag!

She couldn't even keep up with the conversation!


.



.

Anonymous said...

Don't you just love when theres a discussion and someone isn't up to keeping up with it, and they just yammer on and on about nothing!

Slam Dunk for Schiff!

Anonymous said...

Even Cavutto says to her, "but this is your business right"?
Referring to her that she should know her business......shouldn't she?

Anonymous said...

.



Real Estate Guru?????



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Ohio Loan Officer said...

Actually, in a few cases, it might be a good time to buy---

I have 3 buyers right now that have contracts on nice foreclosed houses and in all three cases the contract price is less than what the houses were bought for pre-1999.
Could prices go lower? Maybe-- if they give the houses away for free.
When the fence-sitters realize the bargains are going fast they are going to jump in and drive prices back up.

Anonymous said...

You know she smells of stale cigarettes, cheap bourbon, tapioca and Vagisil!

Anonymous said...

and Doritos!

Anonymous said...

.....and Ramen!!!

Anonymous said...

My best friends girlfriend who does nails, told him that a client of hers was literally crying to her because she hasn't sold anything in 1 year!!
She didn't know if she was going to make it!

michael said...

anecdotal i know but here goes...

a friend of mine just told me he is closing his furniture store.

another friend who works for a high-end oven manufacturer told me last night they are going to be laying people off.

my company announced a much diminshed growth strategy on their conference call 2 days ago.

times are gonna be bad...really bad i fear.

Anonymous said...

Yep, Schiff is a genius, houses are an obvious bubble, just look at the chart:

CCI

Oops, sorry, that's a chart of a commodities index through 2008. Never mind.

Anonymous said...

Peter Schiff is a fear monger and due to people like him (i.e. Keeith, all of the doom and gloom websites/blogs, negative "experts") should all be banned from media outlets. They are responsible for our current economic downturn.

Lady Di said...

Cavuto is such an ass.

I can't watch that load after he disrespected Ron Paul. I do enjoy Schiff tell it like it is. I saw him speak 2 weeks ago in Orange County - he is always interesting to listen to.

Anonymous said...

...the tiny pool of qualified buyers (20% down, money in the bank, no debt) is too smart to buy into this market, leaving only the unqualified folks who won't be able to do anything anyway.

______

Yes, quite right.

Anonymous said...

Hey Keith, this cat deserves a thread:

http://tinyurl.com/5n38g9


Is he your neighbor, Frank? bwahahaha

Anonymous said...

I have 3 buyers right now that have contracts on nice foreclosed houses and in all three cases the contract price is less than what the houses were bought for pre-1999.

Are you in Cleveland, Ohio? Copper pipes optional?

Mark in San Diego said...

And right on time, and just as predicted here at HP - UNEMPLOYMENT JUMPS. . .and we have only begun. . .I predict at least 7 to 8% unemployment by this time next year.

NEXT UP - commercial vacany rates soar. . .big item in San Diego Union Tribune this morning about office vacany rates soaring as financial sector is imploding in SoCal. . .new bad loan sector - commercial real estate. . .

Mary Smoker said...

That this woman can make a living doing what she does explains a lot about the 2000 and 2004 elections.

We are just a nation of delusional, lazy, brittle, self-entitled idiots.

We deserve our collapse.

Tom C said...

ohio loan officerActually, in a few cases, it might be a good time to buy---

I have 3 buyers right now that have contracts on nice foreclosed houses and in all three cases the contract price is less than what the houses were bought for pre-1999.
Could prices go lower? Maybe-- if they give the houses away for free.
When the fence-sitters realize the bargains are going fast they are going to jump in and drive prices back up.


what you so conveniently are forgetting, is that prices WILL go MUCH lower. this implosion of home prices have come about with historically low mortgage rates and low unemployment. tell me, what do you see for these 3 knife catcher's home prices in lets say 2 years, when the bond markets cant be propped up by the Fed anymore and yields spike to lets say 10%? in addition unemployment is JUST starting to break to the upside with plenty of room to run. how many unemployeed people do you know that buy homes? anybody reading this, please dont try and knife catch in this market.

keith said...

I think she missed the article about 200,000 bankers about to lose their jobs

New York and London are gonna take it hard

k.w. - southern ca. said...

Greed was global in the housing market - prices eventually crash because people *across all income brackets* outprice themselves through reckless spending.

Peter Schiff tells it like it is,
something Cramer, Cavuto and the rest always avoid telling the public - until it's too late.

Alt-A and Prime loans are also questionable, and many of these borrowers - right here in Southern Ca. - are in for a catastrophic mess.

How low will prices drop? When the P/E makes sense again - there is a long, protracted drop coming for housing across this country.

k.w. - southern ca. said...

Our economic downturn is due to Greed and overspending in other areas. Fewer and fewer people are living well, while many others are now just scraping by - and it's now hitting higher income earners as well.

Sometime the truth can be gloomy, but it's far better to accept it, and start dealing with it *proactively* instead of *reactively* like we usually do.

Anonymous said...
Peter Schiff is a fear monger and due to people like him (i.e. Keeith, all of the doom and gloom websites/blogs, negative "experts") should all be banned from media outlets. They are responsible for our current economic downturn.

Professor Ichiro Vader said...

"Greed is Good" ~ Gordon Gekko

Anonymous said...

stocks up 1%

enjoy the 2% CDs

enjoy the shithole 1 bed 1 bath

DOLTS
DOPES
FOOLS

Anonymous said...

Anonymous said...
Peter Schiff is a fear monger and due to people like him (i.e. Keeith, all of the doom and gloom websites/blogs, negative "experts") should all be banned from media outlets. They are responsible for our current economic downturn

So fellow Anon...Are you a former Realtor or Broker? Everybody else including Schiff is at fault because your gravy train with biscuit
wheels jumped off track. Enjoy your new jig at pizza hut & try not be bitter the rest of your life.

Anonymous said...

Peter Schiff is a fear monger and due to people like him (i.e. Keeith, all of the doom and gloom websites/blogs, negative "experts") should all be banned from media outlets. They are responsible for our current economic downturn.

What a tool, and if they did not report deaths people would live forever.

Burdman

Anonymous said...

To add another anectodal story to the others about economic contraction:

I work at very expensive college and freshman enrollment and tuition deposits are down significantly. Most of our students are from the same state and this is not a major bubble region.

Anonymous said...

Keith you bash Fox left right and center. Does Schiff appear anywhere else but Fox? Does he ever appear on the Obama Channels (AKA MSNBC/CNBC)? Or the Clinton channel?

You're such a myopic idiot Ed. You can only see the world in two colors : red and blue. Everything is left/right or dem/repub.

Yes, Schiff has been on FOX, MSNBC, CNN - all of the corporate propaganda channels so get over yourself dipshit.

Try getting past the left/right paradigm and using your own brain to develop your own world view that is not confined to the phony two party system.

Keyser Soze said...

I miss ole spaghetti-hair! He was the perfect mixture of condescention and stupidity.

Anonymous said...

My Wife and I will never give a Realtor another chance to screw us.

Anonymous said...

Is it me, or is the realtor industry filled with nothing but a bunch of vacuous, blonde airheads?

Seriously. Why do they always bring the same cookie cutter type individual to debate Peter Schiff? Why is it that anyone who doesn't believe in the housing bubble is coincidentally someone who has a vested interest in it?

Why can't they find economists to debate economists on this issue?
My guess is that all the economists are unified in their belief that this is clearly a bubble and it will correct. Simple as that.

SeattleMoose said...

LOL!!! They couldn't have picked a more stereotypical realtor to defend the NAR castle. She represents EVERYTHING that I despise about realtors. Stupid, annoying, sleazy, and oblivious to reality.

You're right, they are running out of anyone stupid enough to commit public suicide by being 100% wrong as a matter of public record.

Anonymous said...

Keith,

Please put out a post about this senate bill to help the damn home builders. This is killing me. The senate comes out on TV quote on quote "grilling" Bernanke about bailing out Bear, and now they themselves are planning to bail out the freaking home builders. What the HECK is wrong with these bastards. Do they think we are retarded or something. They call it help for the home owners, when in reality they are helping the homebuilders.

I'm writing to my senator as I write this. No way I'm sitting on this.

Please ask everyone to write to their senators.

http://tinyurl.com/3klt5z

Dny

Anonymous said...

Alt-A and Prime loans are also questionable, and many of these borrowers - right here in Southern Ca. - are in for a catastrophic mess.

Well said. Here in Silly-con Valley, Alt-A and option ARM loans were the norm. I think the number of mortgages that fall under "normal" fixed rate terms with 15 or 30 year timeline is in the single percentage points. Something like 60% of all loans for the Bay Area in 2005 were option ARMs in the Alt-A category.

I know at least two people off the top of my head in that situation. Wait for those to begin coming to term and the bubble sitters scrambling around to try to save their asses.

And I'd love to see Congress try and justify a bailout to the American people to help the poor, pretentious Silicon Valley six-figure folks pay for their overpriced shacks.

Anonymous said...

All real estate is local?

Let me tell you about my locality, little old Las Cruces, New Mexico.

There is housing glut. There is a For Sale sign on nearly every street.

60% of the houses for sale were built in the last 5 years.

60 freaking percent!

You don't have to be a genius to figure out what is going on here.

Anonymous said...

Peter schiff should run for president. The man is accurate and honest. That is 2 traits we have been lacking for a long time.

Refuse to buy overpriced said...

"Anonymous said...
Peter Schiff is a fear monger and due to people like him (i.e. Keeith, all of the doom and gloom websites/blogs, negative "experts") should all be banned from media outlets. They are responsible for our current economic downturn"

Banned from media outlets, eh? Sorry, this is America and we have First Amendment rights.

Anonymous said...

This one is for you Keith; enjoy. Time for another useless and ineffective thread to bash the Clintons, just like the entire corrupt MSM does 24/7.

Glad to see that some fools are finally waking up and stopped drinking the Mr. Empty Suit Messiah Kool-Aid. And he's outspending Hillary 4 to 1 plus has the corrupt media bashing the Clintons 24/7, while losing big states, and now losing his own base! It's all downhill from here baby. Bye-bye Obama:

(AP) -- Obama’s Support Softens in Poll, Suggesting a Peak Has Passed

WASHINGTON — Senator Barack Obama’s support among Democrats nationally has softened over the last month, particularly among men and upper-income voters, as voters have taken a slightly less positive view of him than they did after his burst of victories in February, according to the latest New York Times/CBS News poll.

The survey suggests that Mr. Obama, Democrat of Illinois, may have been at something of a peak in February, propelled by a string of primary and caucus victories over Senator Hillary Rodham Clinton of New York, and that perceptions of him are settling down.

Anonymous said...

gotta love the posters here who blame Schiff for the financial meltdown. that's the nature of bubbles you idiots, all it takes is one man telling the truth to pop.

Anonymous said...

Obviously Schiff would never even get close to getting more than a dozen votes - since he's policy would be "let the recession happen, going deeper and deeper into debt is not sustainable. The longer we wait the more painful it will be".

That's go down well with the average voter...

He would get to pardon his father on day one. And on day two nominate him for Commissioner of Internal Revenue. That at least would be give the people something to laugh about.


Anonymous said...

Peter schiff should run for president. The man is accurate and honest. That is 2 traits we have been lacking for a long time.

Paul E. Math said...

Seriously, unemployment surprisingly rises, the stock market initially reacts appropriately by falling but then ends the day even.

Tell me that there is noone manipulating stock prices - I want to believe it but I just can't.

When does the rest of the world catch on to the PPT?

Tom said...

The worst is always behind them. These realtors can never look forward.