Real Estate 360 Live With Louis Cammarosano 8/6/12

Posted by: Louis Cammarosano on August 14th, 2012

On Monday August 6, 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 (14:38)

Ryan and Louis discuss the recent statements by Mario Draghi that he will “save the Euro. Louis notes the mechanism to save the Euro-printing money to bailout the sovereign states of Europe will debase the Euro and ultimately destroy it.

Louis note that the US is also printing the dollar as a way out of the debt crisis which short term will keep interest rates low but long term is a disaster for the economy.

Part 2 (12:15)

Ryan and Louis discuss the reporting of the employment numbers and notes that there are more than 100 million people in the US not working.

Louis notes that a large number of recent college grads are unemployed and that puts a strain on the housing market as it reduces the number of first time home buyers.

Louis notes that the low interest rates help the banks stay afloat and helps sovereigns keep their cost of borrowing low so they can continue their spending but that low interest rates are not really helping many home buyers as the lending guidelines are stricter and prevent many potential home buyers from getting loans.

Ryan and Louis note that the unemployed are still encouraged to take on more debt to further their education.

Louis notes that more education is not going to solve the unemployment problem.

Louis notes that the government guaranteeing loans benefits the banks and the government as the banks have the loans guaranteed and the government creates a larger dependent class of people with student loans.

Louis also notes that the guaranteeing of student loans acts as a transfer payment to the colleges where by the get more students and can charge higher prices for tutition.

Louis notes that students’ only ‘collateral’ for their loans are their diplomas.
These diplomas can not be returned to the bank in exchange for forgiveness of the student loan debt.

Louis also notes that if students default on their loans it will be very hard to get a mortgage and that student loans are not discharged in bankruptcy.

Part 3 (12:37)

Ryan notes that all eyes are on the European debt crisis. Louis notes that the investors are not focused on the situation in the US debt loads which are worse.

Louis notes that given what happened in the housing market the past few years should have caused a deflationary deleveraging environment that would have allowed the economy to restructure.

Louis notes that governmental and Fed intervention has prevented this from happening via low interest rates, QE 1 and 2 and stimulus spending.

Louis notes that public and Fed policy overrides the free market forces.

Ryan and Louis discuss the wisdom second guessing the direction of interest rates.

Part 4 (11:37)

Ryan and Louis discuss whether homeowners should rent their houses.

Listen to other Real Estate Radio shows with Louis Cammarosano

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/

Louis Cammarosano

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