Buy Stocks-How To Buy Stocks

For the latest Peter Schiff, go to PeterSchiffBlog.com – Peter Schiff is the Author of Crash Proof http One thing that Peter sometimes talks about is how renting houses is sometimes better than owning a house. If you are a renter, people will say that you are throwing away your money. But that is like saying that you are throwing away your money on food or clothes. The idea is that if you are renting, you are throwing away the profits from the appreciation of your home. Now that the real estate bubble has happened, renters are wealthier than buyers. If you are planning to move within a few years, then it is ridiculous to buy. The only reason to buy is to speculate on the price of your home. Maybe you bought because of a tax break, but that is just the government getting involved and distorting the market. Nothing was based on fundamentals; it is all based on the greater fool theory. It is the same thing in the stock market, where no one cares about dividends anymore. In Las Vegas, the housing prices are so low that it is if you can buy the land and get the home for free. The reality is that those houses should never have been built in the first place. Home ownership is now at record levels, so where was the demand for home buyers supposed to come from? When the interest rate rises to 15% or 20% in the next few years, how is anyone supposed to afford to pay their mortgages? Most people are in the stock market because they have bought into the nonsense that stocks will …

Darron Venuti

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