Real Estate 360 Live With Louis Cammarosano 3/26/12

Posted by: Louis Cammarosano on April 4th, 2012

On Monday March 26, 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 (15:18)

Ryan and Louis discuss the controversy regarding the allegations of a Congressional Budget Office employee who claims that the CBO prohibited statements in their reports indicating that foreclosures  had an impact on the housing market and that the decline in housing prices had an impact on household wealth.

Louis notes that economic data is often politicized as data can be included and excluded according to political aims. Louis notes that manipulation can also occur in the unemployment and inflation data. Louis notes that the Federal Reserve official manipulates the market and therefore its not surprising that economic data is also subject to manipulation.

Louis notes that statistics and science are also manipulated in other areas ie. cigarettes and cancer and global warming findings. Ryan and Louis discuss shadow inventory and foreclosures impact on the market.

Louis notes that bad assets should have been sold off by the banks rather than having been bailed out. Louis notes that the current low interest environment forces savers to put their money into stocks. Louis notes a recovery can be built on savings, but that with low interest rates borrowing, rather than savings is encouraged.

Part 2 (11:44)

Louis notes that a low interest policy is detrimental to the economy as it creates one bubble after another. Ryan notes that municipalities have large debt loads. Louis notes that Meredith Whitney had predicted a large number of municipal defaults last year which have yet to happen. Louis notes that while this may be inevitable, it may not be imminent.

Louis notes that a debt crisis can’t be solved by issuing more debt and that piling debt upon debt just makes the pile higher and will crash from a higher level. Louis notes that the kicking the can down the road mentality eventually leads to a dead end.

Ryan notes that there is an enormous amount of student loans that are now delinquent. Louis notes that unlike the housing market, there are not assets behind student loans -other than the earning potential of the students, many of whom are out of work. These loans are therefore only backed by the government.

Louis notes that a college degree no longer provides job applicants with a marketable advantage over other job seekers. Louis notes that as young people are unemployed and have student debt it will be harder for them to enter the housing market and buy homes.  Louis notes that low rates are advantageous to the banks and the few that have access to credit. Louis notes that a 30 year mortgage is a good deal as inflation and rents rise as you can lock in your monthly housing costs.

Part 3 (12:19)

Louis notes that people are influenced by friends and media in making real estate decisions. Louis notes that this is a mistake and notes that contacting a professional is important. Ryan and Louis discuss the perception that home prices are set to rise nationally and note that its import to look at real estate locally instead of nationally.

Part 4 (11:54)

Louis and Ryan discuss Bank of America’s proposed pilot plan to rent out homes that they may otherwise foreclose on. Louis notes that there are a large number of impacts that are unknown. Louis notes that this program is the latest in the long line of programs that have yet to solve the housing crisis. Louis notes that government programs rarely solve economic woes and cites the Roosevelt depression era  that lasted over a decade even though there were many government programs designed to end the depression. Louis suggests that there is no substitute for the free market. Louis discusses the HomeGain 1st quarter 2012 home values survey.

Listen to Student Loans on You Tube

Listen to other Real Estate Radio shows with Louis Cammarosano

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/

Louis Cammarosano

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One Response on “Real Estate 360 Live With Louis Cammarosano 3/26/12”

Property Consultants Gurgaon

Real Estate Radio Station —-new word for my ears… low interest policy is detrimental to the economy as it creates one bubble after another.Its true!!!

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