On Monday August 8, 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 (14:29)
Ryan and Louis discuss the S&P down grade of the U.S. credit. Ryan notes that in spite of the downgrade people are still buying treasuries. Louis notes that the US has done nothing to reduce its debt and notes the irony that raising the debt ceiling does not solve the debt crisis. Louis says that buying US treasuries is the safe haven of choice not gold and silver even though gold and silver have out performed treasuries. Louis mentioned that by not assuring the market that the debt would be paid uncertainty resulted. Louis criticizes the creation of the “super commission” tasked to come up with spending cuts. Ryan and Louis discuss the impact of the S&P downgrade on interest rates and notes that interest rates went even lower. Ryan speculates that interest rates may remain low for 3-5 years. Louis notes the irony that S&P has had a poor history of rating entities and notes that the US debt issues are now in focus around the world as a result of the reluctance of the congress to raise the debt ceiling. Louis notes that investors are uncomfortable with the situation in the United States and therefore are buying US treasuries! Louis mentions Greenspan’s recent statement that the United States will never default as the United States can always print up the amount owed. Louis notes that when dollars are printed the recipient gets debased dollars, which causes inflation. Louis notes that as long as the rest of the world continues to buy US treasures and the Fed continues to do so interest rate will remain low. Louis notes that locking in a long term loan at low rates will be a winner as rates certainly will rise in the coming years.
Part 2 (12:25)
Ryan talks about how the founder and former CEO of for sale by owner hired a REALTOR to sell his home. Louis mentions the HomeGain FSBO vs. Realtor survey that shows that homeowners have a 50% better chance of selling their homes with a Realtor than going it alone and also notes that homeowners using a Realtor have a higher level of satisfaction with the process than those that go the FSBO route. Ryan also notes the value of staging a property to help get it sold. Louis notes that its important not just to get a home sold, but to get it sold at the best price and within the shortest time frame. Louis argues for using a REALTOR to help represent you to sell your home, drawing the analogy that the lawyer that chooses to defend himself has an ass for a client. Louis notes that HomeGain has a great service that allows consumers to compare REALTORS.
Part 3 (12:24)
Ryan and Louis discuss bank practices regarding loan modifications, short sales and foreclosures. Ryan and Louis discuss the merits and demerits of borrowing from your 401K retirement plan.
Part 4 (12:30)
Ryan discusses the importance noting the difference between the price of a home and affordability of the monthly payments vs. rent. Louis notes that the payments on a decent fixed rate mortgage will probably be less than rent payments over the next few years.
Listen to other Real Estate Radio shows with Louis Cammarosano
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 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
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/