On Monday March 19, 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 (14:56)
Louis notes that interest rates are artificially manipulated as are the unemployment and inflation rates and that the economy is not good. Louis notes that there is still a lot of debt in the system and until that debt gets flushed out of the system there won’t be much of a recovery. Louis notes that the interest rates are low not for the benefit of the consumers who want to borrow but for the benefit of the banks and the Federal government who need interest rates to remain low.
Louis notes that low interest rates force savers and investor to put money into the stock market and other risk assets as bank deposits pay less than even the official stated rate of inflation. Louis notes that the gold silver and real estate markets are not as liquid. Louis says there is a bubble in the bond market but NOT in gold and silver as gold and silver are not overbought. Louis notes that the average person probably could not name a few gold or silver mining stocks.
Louis also notes that the average person also does’nt have much money to invest. Louis discusses unintended consequences. Louis predicts that central banks will continue to print money-i.e. kicking the can down the road, which eventually is a dead end. Louis notes you can’t solve a debt problem by issuing more debt. Louis notes that central planning and officious intermeddling in the market does not work.
Part 2 (12:51)
Ryan discusses HARP 2.0. Louis notes that governments and the Federal Reserve can not manipulate the market to achieve the desired effect. If so they could just print more money and all financial woes would be solved. Louis notes that the U.S. exports inflation. Louis notes that smaller countries that have resorted to printing money experienced hyperinflation relatively soon after. The U.S. can export its inflation world wide and delay the impact of rising prices at home.
Louis notes that there is no wage inflation but there is price inflation and that the non core inflation- food and energy- is high and hits those with lower incomes harder as they spend a greater percentage of their salaries on food and energy. Louis notes that there may be another correction in the stock market and that the Federal Reserve will throw more money into the system. Louis notes that the media fawned over Alan Greenspan (the Maestro) and now Bernanke is Greenspan on steroids.
Ryan notes that Peter Schiff refers to the US as holding an adjustable rate mortgage. Louis not that keeping low interest rates are a way of bailing out the banks. If interest rates were to rise the banks would fail. Ryan and Louis note that the piling on of debt and low interest rates devalues the currency.
Louis notes that money is like any other commodity-the more of it that is printed, the less valuable it is. Louis notes that gold and silver have gone up each year for the last 11 years-mostly because of the devaluation of the dollar.
Louis notes that gold and silver have out performed Warren Buffet’s Berkshire Hathaway over the past decade. Ryan notes that Buffet is tied into the Obama campaign. Louis analyses the “Buffet Rule” and notes that many of the companies in Buffet’s Berkshire Hathaway fund were bailed out in 2008 and that the fund it self owes back taxes despite Buffet’s protestations that the rich should pay more.
Part 3 (12:37)
Ryan discusses Buffet’s views on real estate. Louis notes that Warren Buffet wrongly called the bottom on real estate a couple years ago. Ryan discusses a nine year old who bought a home with her mother.Louis notes a psychological shift away from home ownership which will put upward pressure on rents which makes purchasing rental units attractive for real estate investors. Louis notes that the people that make money are the ones who take advantage of a market opportunity that others don’t see.
Part 4 (11:35)
Ryan and discuss credit report issues.
Listen to Gold and Silver on You Tube
Listen to Warren Buffett on Real Estate on You Tube
Listen to other Real Estate Radio shows with Louis Cammarosano
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/
nice stuff about real estate.
March 27th, 2012 at 9:49 pm