{"id":23744,"date":"2010-12-31T17:00:13","date_gmt":"2010-12-31T17:00:13","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/peter_schiff_home_prices_are_still_too_high\/"},"modified":"2010-12-31T17:00:13","modified_gmt":"2010-12-31T17:00:13","slug":"peter_schiff_home_prices_are_still_too_high","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=23744","title":{"rendered":"Peter Schiff: Home Prices Are Still Too High"},"content":{"rendered":"<p>From my perspective, homes are still overvalued not just because of these long-term price trends, but from a sober analysis of the current economy. The country is overly indebted, savings-depleted and underemployed. Without government guarantees no private lenders would be active in the mortgage market, and without ridiculously low interest rates from the Federal Reserve any available credit would cost home buyers much more. These are not conditions that inspire confidence for a recovery in prices.<\/p>\n<p>In trying to maintain artificial prices, government policies are keeping new buyers from entering the market, exposing taxpayers to untold trillions in liabilities and delaying a real recovery. We should recognize this reality and not pin our hopes on a return to price normalcy that never was that normal to begin with.<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052702304173704575578190261574342.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From my perspective, homes are still overvalued not just because of these long-term price trends, but from a sober analysis of the current economy. The country is overly indebted, savings-depleted and underemployed. Without government guarantees no private lenders would be<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=23744\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,582,589,149,617,600,597,616,593,151,667,618,586,585,596,584],"tags":[],"class_list":["post-23744","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-house-of-representatives","category-housingreal-estate-market","category-laborlabor-unionslabor-market","category-office-of-the-president","category-personal-finance","category-politics-in-general","category-president-barack-obama","category-senate","category-the-2009-obama-administration-housing-amelioration-plan","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/23744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23744"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/23744\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}