Economist Warns: Housing Prices Will Plummet

Newsmax reports:

The United States is headed toward another real estate collapse — and it will be worse than the one we just experienced, according to famed economist and New York Times best-selling author Robert Wiedemer.

During his recent appearance on the Aftershock Survival Summit, Wiedemer provided startling evidence to support his claim that real estate prices could fall another 32 percent.

That would wipe out another $64,000 in equity from the average home.

Before you dismiss Wiedemer’s claims as impossible or unrealistic, consider this: In 2006, Wiedemer and a team of economists foresaw the first collapse of the U.S. housing market and published their research in the book America’s Bubble Economy.

Just a reminder.