Real Estate 360 Live With Louis Cammarosano 6/4/12

Posted by: Louis Cammarosano on June 16th, 2012

On Monday June 4, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 Live radio show on The Big Talker 1580 WHFS AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (14:31)


Louis notes that the “flight to safety” still involves buying US Treasuries even though the US owes over $14 trillion and notes that the Fed will continue to do quantitative easing and keep interest rates low. Louis notes that even though this methodology can be viewed as “kicking the can down the road” and that road is a dead end, the markets seem to buy it.

Ryan notes that ten year treasury is at an all time low. Louis notes that rates in Germany are negative. Louis notes that Europe is considering an even stronger central bank bailout of Europe. Louis notes that in a debt driven economy, more and more debt needs to be layered on to keep the economy going. Louis notes ironically that investors take comfort that the Federal Reserve will continue to buy US debt based on money created out of thin air. Louis notes that once hyperinflation inflation hit, the printing press needs to go into overdrive and the game is over.

Louis notes that the Federal reserve has been able to maintain confidence in their ability to sustain confidence and to pay down the debt with more debt. Louis notes that once confidence is lost it is lost quickly. Louis notes that a 30 year low interest mortgage is a good bargain. Louis notes that rates are artificially low and therefore the low rates are a bargain. Louis notes that all currencies are tied to the US dollar so the US dollar acts as an anchor even though the US dollar is not backed by anything. Louis notes that the US went of the gold standard in 1971. Louis notes that people take comfort in the dollar just because.

Part 2 (12:51)

Ryan notes the importance of using qualified professionals when engaged in a home buy/sale transaction. Ryan and Louis discuss the situation in Europe. Louis notes that the European union will not allow countries, country by country to exit the Euro. Louis predicts that they will print up more money to keep the countries in and that the austerity will not be as strict. Louis notes that people will always take the easy way out. Louis predicts that the Federal Reserve will probably help out the European central banks in bailing out European member states.

Louis notes that Federal Reserve Chairman Ben Bernanke has said that the US has something that other countries don’t have- a printing press. Louis notes that former Federal Reserve Chairman Alan Greenspan also said recently that the US will never default on its debt because it can always print the difference. Louis notes that the depression of 1920 was short lived vs the Great Depression of 1930′s which lasted over a decade and notes this was due to excessive government intervention in the case of the Great Depression while the depression of 1920 was short because of a lack of government or central banking intervention.

Louis notes that if printing money were the way to prosperity, then Zimbabwe would be the richest country as they have printed trillion in their own currency. Louis notes that economies thrive on savings and productivity, not borrowing and debt. Louis note that banks thrive on debt and that they control the Federal Reserve.
Louis notes banks encourage a debt based society of student loans, mortgages and countries engaged in debt based deficit financing. Louis notes that the banks make money loaning money and trading debt. Louis notes that trading by banks adds no productive value to the economy. Louis notes that CEO of JP Morgan Chase, Jamie Dimon is on the board of governors of the Federal Reserve of New York

Part 3 (12:39)

Louis and Ryan discuss the merits of Home Staging. Louis notes the HomeGain Home 2012 Improvement Survey of Realtors that can be accessed via the front page of HomeGain.com. Louis runs through the top ten home improvement tips and his views on the value of home staging. Louis notes that home staging may not be a good idea when selling in a short sale situation. Louis notes that homes must be dressed for success, just like a job interviewee. Louis recommends listening to Realtors’ advice on whether to stage your home. Louis notes that economics over artistry has to rule when approving home stagers’ expenditures.

Part 4 (12:15)

Ryan and Louis discuss student loans and student loan delinquencies and debt. Ryan notes that student debt unlike other forms of consumer debt is increasing. Louis notes that the government is encouraging that students take on more debt and notes that when government and debt are involved, prices rise. Louis notes that student loans are a classic debt ponzi scheme where by you have to take out large sized loans to get a mediocre education and when you can’t get a job you have to take out another loan and get more schooling.

Louis notes that there is no collateral backing a college loan other than the potential earning power of the graduate. Louis predicts that many colleges will go out of business as they won’t be able to continue to raise prices with out raising quality and improved job market prospects. Louis notes that its a cultural bias that causes parents to send their kids to college. Louis notes recent statistics that show that high school graduates doing better than recent college graduates. Louis asks the question- what’s the difference between an high school graduate and a college graduate? Louis notes that many entry level jobs may be deemed by college graduates as beneath their skill sets.

Ryan notes that often unemployment benefits pay more than certain jobs. Louis notes that law and medical students often have to finish at the top of their classes to have decent job prospects. Louis notes that even some large law firms are struggling. Louis notes that student after completing 12 years of public education should have learned significant amounts of math, science, literature and history but…
Louis notes that online education is the wave of the future and predicts that most colleges will go the way of the newspapers and that people will consume their education online the way they consume their news. Louis notes that things will change when the attitudes of employers change away from a bias against non college graduates.

Listen to other Real Estate Radio shows with Louis Cammarosano

Listen to the Real Estate Radio show of May 14, 2012

Listen to the Real Estate Radio show of May 7, 2012

Listen to the Real Estate Radio show of April 30, 2012

Listen to the Real Estate Radio show of April 23, 2012

Listen to the Real Estate Radio show of April 16, 2012

Listen to the Real Estate Radio show of April 9, 2012

Listen to the Real Estate Radio show of March 26, 2012

Listen to the Real Estate Radio show of March 19, 2012

Listen to the Real Estate Radio show of March 12, 2012

Listen to the Real Estate Radio show of February 27, 2012

Listen to the Real Estate Radio show of February 13, 2012

Listen to the Real Estate Radio show of February 6, 2012

Listen to the Real Estate Radio show of January 30, 2012

Listen to the Real Estate Radio show of January 23, 2012

Listen to the Real Estate Radio show of January 9, 2012

Listen to the Real Estate Radio show of November 14, 2011

Listen to the Real Estate Radio show of November 7, 2011

Listen to the Real Estate Radio show of October 31, 2011

Listen to the Real Estate Radio show of October 24, 2011

Listen to the Real Estate Radio show of October 17, 2011

Listen to the Real Estate Radio show of October 10, 2011

Listen to the Real Estate Radio show of October 3, 2011

Listen to the Real Estate Radio show of September 26, 2011

Listen to the Real Estate Radio show of September 19, 2011

Listen to the Real Estate Radio show of August 29, 2011


Listen to the Real Estate Radio show of August 15, 2011

Listen to the Real Estate Radio show of August 8, 2011

Listen to the Real Estate Radio show of July 25, 2011

Listen to the Real Estate Radio show of July 11, 2011

Listen to the Real Estate Radio show of June 27, 2011

Listen to the Real Estate Radio show of June 20, 2011

Listen to the Real Estate Radio show of June 13, 2011

Listen to the Real Estate Radio show of June 6, 2011

Listen to the Real Estate Radio show of May 23, 2011

Listen to the Real Estate Radio show of May 16, 2011

Listen to the Real Estate Radio show of May 9, 2011

Listen to the Real Estate Radio show of May 2, 2011

Listen to the Real Estate Radio show of April 25, 2011

Listen to the Real Estate Radio show of April 18, 2011

Listen to the Real Estate Radio show of April 11, 2011

Listen to the Real Estate Radio show of March 21, 2011

Listen to the Real Estate Radio show of March 14, 2011

Listen to the Real Estate Radio show of February 28, 2011

Listen to the Real Estate Radio show of January 24, 2011

Listen to the Real Estate Radio show of November 29, 2010

Listen to the complete archive of Louis Cammarosano on Real Estate Radio shows

Real estate radio interviews also available on Youtube

About the Real Estate Radio Network

The Real Estate Radio Network® is a nationwide alliance of real estate related professionals with a common objective: delivering the timely truth about local Real Estate Markets over local radio stations.

The Real Estate Radio Network brings hard-working and ethical professionals in a community together. We provide the media and forum necessary for Consumers to learn the truth about important aspects of their financial life, which is mostly centered around their biggest investment, the home they live in. The Real Estate Radio Network® brings each radio program to the audience with a “live and local” show hosted by well-respected members in the local Real Estate and Financial community.

About Ryan Sloper

As a highly motivated mortgage consultant, with more than nine years of mortgage lending experience, Ryan Sloper has acquired a solid understanding of the local and national real estate markets. Ryan has been investing in residential and commercial real estate for the last 5 years, where he has first hand knowledge of what it takes to be a successful real estate investor. Ryan also hosts a weekly radio show, Real Estate Radio, which airs every Monday on 1580 AM in the Washington, DC Metro Area. Real Estate Radio also streams live nationally @ http://whfs.cbslocal.com/shows/real-estate-radio-with-ryan-sloper/

Louis Cammarosano

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