On Monday December 10, 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 (14:37)
Ryan notes that the Federal Reserve will be buying 90% of the new debt the US issues. Louis notes that governments need to grow and need revenue and can only get so much from taxation and have in recent years have resorted to borrowing printing money to meet its spending obligations.
Louis predicts another round of buying from the Federal Reserve this week.
Louis notes that the US economy is now a debt based economy with 70% of the GDP based on consumer spending of borrowed money and a good portion based on the real estate industry which involves people merely moving in and out of homes. Louis notes that this is not the basis of a sound economy that produces things, saves their money and there fore can afford to buy things and houses.
Louis notes that even though the unemployment rate has gone down, an increasing number of young people are out of work and the number of people out of the labor force has increased by over 500,000. Unemployed people can’t buy houses.
Louis notes that a demand based economy is a loser and that one with productions and savings is sustainable.
Louis notes that the federal reserve over powers the market.
Louis notes that the “tax the rich” issue is a smoke screen that diverts attention from the deficit because taxing the rich does not solve the deficit as the money proposed to be taken from the rich will pay to operate the government for eight days.
Louis notes that the US doesn’t owe $100 Trillion because some rich people made too much money.
Louis notes that taxing the rich often results in receiving less tax revenue and the concept of taxation is that somehow the government own your money and allows you to keep some of it.
Part 2 (12:11)
Ryan notes that the Federal Reserve will probably extend operation twist later in the week.
Ryan covers the upcoming weeks’ economic calendar. Ryan and Louis discuss potential outcomes of the “fiscal cliff” issue. Louis predicts a lot of bickering over minor issues but no real solution to reduce the deficit. Louis notes that the President was recently on a late night show and claimed that the deficit is not a problem in the short term, but that it might be in the mid or long term.
Louis notes that politicians have a short time preference of money and spend as much as they can.
Ryan and Louis discuss the sale of luxury homes. Louis notes that the low interest rates that were supposed to help bring unemployment down but instead are just helping credit worthy wealthy people and companies buy more homes.
Part 3 (12:23)
Louis and Ryan discuss pricing your home for sale.
Part 4 (11:30)
Ryan and Louis discuss the Mortgage Forgiveness Debt Relief Act of 2007 that is set to expire at the end of 2012 and its tax implications.
Listen to other Real Estate Radio shows with Louis Cammarosano
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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