On Monday May 23, 2011, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate Radio show on The Big Talker 1580 AM, hosted by Ryan Sloper.
Listen to the show.
Part 1 (24:02)
Ryan and Louis discuss the Greek and Belgium debt downgrades and note how it helped the price of the dollar this week as well as helped keep US interest rates down;Louis notes that when the EURO has difficulties investors flock towards the dollar which he equates as running from the blast towards the tornado and notes that the US states’ fiscal issues are the equivalent of EU member state fiscal issues;Ryan notes that the Fed stated in their minutes of their most recent meeting that they will keep rates low for an extended period. Louis notes that QE2 cost $600 billion and created 700,000 jobs-at a cost of $860,000 per job and that during the period of QE2 home prices dropped 8%. Louis highlights that the FED is in a bind given that higher interest rates would harm the housing and employment rates; Ryan discusses the debt ceiling issues and mentions that the US spends $4 billion more a day than it brings in; Ryan notes that the top 1% of income earners (those making over $530K a year) pay taxes at a rate of 18% and argues that taxes need to be spread out evenly over all tax payers to broaden the tax base;Louis counters that about half of people don’t pay any taxes at all and says that the issues is not the the government doesn’t tax its citizens enough but that its promises too much and pays too much for what it delivers;Louis notes that if you increase taxes on the top earners, the next step would be to increase taxes on the next highest earners;Ryan notes that one of the issues in the current economy is the lack of capital formation; Louis notes that capital formation is low because interest rates are low and discourages savings and in that environment people though money somewhat indiscriminately at the stock market; Ryan and Louis note the rise in the price of newly minted IPO Linkedin;Ryan notes the low number of new homes being built; Louis remarks that many home builders are not building homes so as not to put their new homes on the market in competition with the excess inventory on the market; Louis also notes that many home builders have land out side the center of cities which makes homes in these areas less attractive given the cost of gas and commuting;Ryan and Louis discuss the bind that the economy is in whether to raise interest rates now or later; Ryan and Louis discuss buy vs. rent issues
Part 2 (14:05)
Part 3 (10:59)
Part 4 (1:59)
Ryan wraps up the show.
Listen to other Real Estate Radio shows with Louis Cammarosano
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
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/