On Monday January 7, 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 (15:00)
Louis and Ryan discuss the fiscal cliff deal/ Both had predicted Congress would come up with a plan that would not cut spending.
Louis notes that the Social security withholding went from 4.2 to 6.2% and top rates went up to 39 percent.
Louis notes that both of these while increases are technically not as they come about as a result of letting the prior cuts expire.
Louis notes that the resolution of the fiscal cliff negotiations did not lead to a reduction in the deficit
Louis notes that raising taxes could result in few taxes being collected.
Ryan notes that the mortgage debt forgiveness relief act was extended as part of the fiscal cliff deal.
Louis notes that a lot of new spending and tax breaks were also included in the deal.
Louis notes the bill was 157 pages and passed in three minutes!
Louis notes the dynamic where each Senator and Congressman has an incentive to continue spending.
Louis notes the FOMC minutes that indicated that they might stop buying treasuries. Louis says its “all talk”.
Part 2 (12:27)
Ryan and Louis discuss the Federal Open Market Committee Minutes. The minutes indicated that some members of the Fed think the stimulus measures taken by the Fed is working and that further bond purchases under QE may not be warranted.
Louis notes the main reasons people buy mortgage back securities and treasuries is the perception that the Fed will also always be buying – not the underyling creditworthiness of the issuers. When the Fed indicates they may stop buying, the market sells off.
Louis and Ryan notes that there would be a disaster if the Fed stopped buying. Louis notes that the underlying economy is based on the Fed printing money.
Louis notes that if the Fed were not buying treasuries interest rates would be market driven. Louis notes absent the Fed’s intervention we would have deflation.
Louis and Ryan note that higher interest rates would be better for the economy. Louis notes the economy is better off where the housing market is reflective of the health of the economy not where interest rates are kept artificially low to make the housing market THE economy.
Part 3 (12:05)
Ryan and Louis discuss how the current low interest environment helps those with higher credit scores and investors. Low interest rates also allow hedge funds to buy more equities which drives the stock market higher.
Ryan and Louis discuss the implication of higher tax rates on the wealthy-lower employment as small business either fire employees or not hire them.
Louis notes those with large amounts of assets avoided any real tax increase.
Ryan and Louis predict low interest rates, tighten lending standards, a potential downgrade of US credit rating, unemployment remains at current levels.
Louis notes that job gains are in the 55+ age not with the younger workers and predicts an increase in student loan defaults.
Louis predicts increased pressure on the Fed to print their way out of all the underlying weaknesses in the economy. This will lead to double digit percentage increases in gold and silver with silver out pacing gold.
Louis notes that student loans (and their parents’ co signing liabilities) are holding back the real estate market.
Part 4 (11:48)
Ryan discusses the options for married couples for signing and co-signing.
Listen to other Real Estate Radio shows with Louis Cammarosano
Listen to the Real Estate Radio show of December 17, 2012
Listen to the Real Estate Radio show of December 10, 2012
Listen to the Real Estate Radio show of December 3, 2012
Listen to the Real Estate Radio show of November 26, 2012
Listen to the Real Estate Radio show of November 19, 2012
Listen to the Real Estate Radio show of November 5, 2012
Listen to the Real Estate Radio show of October 22, 2012
Listen to the Real Estate Radio show of October 15, 2012
Listen to the Real Estate Radio show of October 1, 2012
Listen to the Real Estate Radio show of September 24, 2012
Listen to the Real Estate Radio show of September 17, 2012
Listen to the Real Estate Radio show of September 10, 2012
Listen to the Real Estate Radio show of August 27, 2012
Listen to the Real Estate Radio show of August 20, 2012
Listen to the Real Estate Radio show of August 13, 2012
Listen to the Real Estate Radio show of August 6, 2012
Listen to the Real Estate Radio show of July 30, 2012
Listen to the Real Estate Radio show of July 23, 2012
Listen to the Real Estate Radio show of July 16, 2012
Listen to the Real Estate Radio show of July 9, 2012
Listen to the Real Estate Radio show of July 2, 2012
Listen to the Real Estate Radio show of June 25, 2012
Listen to the Real Estate Radio show of June 18, 2012
Listen to the Real Estate Radio show of June 11, 2012
Listen to the Real Estate Radio show of June 4, 2012
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/
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