Real Estate 360 Live With Louis Cammarosano 9/17/12

Posted by: Louis Cammarosano on September 19th, 2012

On Monday September 17, 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 (16:12)

Ryan and Louis discuss the announcement of QE3. Louis notes that QE3 is doubly insane-in that its been tried before and didn’t work and its a flawed conception.

Louis uses an analogy of a casino that mints more chips to give to its gamblers so they can increase the revenues of the house.

Louis notes the unintended consequences of government interference in the housing market. For example the policies to make homes more affordable and to get as many people into homes has back fired as such policies drove prices higher and caused default resulting in fewer people owning homes as defaults and foreclosures increased.

Louis predicts that QE3 is intended to create another housing bubble.

Louis notes that even Keynes did not advocate permanent stimulus.

Louis notes that piling debt upon debt is not a solution, nor is insisting that you will continue to do so.

Ryan notes that Ron Paul stated that the country should have panicked listening to Bernanke in that he basically admitted he has lost control.

Louis notes that Bernanke and the Fed have been reckless in their monetary policy and that the Congress has been equally reckless in their fiscal policy.

Louis notes that Fed policy is anti democratic as it picks winners and losers and the people have no say.

Louis calls the US dollar the most abused currency of all time.

Louis notes that QE3 will help those who owe money and who will owe money in the future.

Louis notes in all historic inflationary episodes there has always been a currency to run to. Since the US dollar and Euro are now both engaged in massive money printing, there is no safe haven currency.

Part 2 (12:30)

Ryan notes that Donald Trump said that QE3 will help him. Louis note that people who live by borrowing money will benefit the lower the cost of borrowing is.Louis notes that the stock market is not an indicator of the health of the economy.

Louis notes that Bernanke wants people to think the stock market and housing market are improving.
Louis notes that the US economy should not be driven by people moving in and out of homes and the value of those homes, but rather by the production of goods and service.

Louis and Ryan note that QE3 is designed to increase the “wealth effect”. Ryan notes that Peter schiff called QE3 kamakzi policy.

Ryan notes that Eagan Jones downgraded the US to -AA.
Louis notes that Peter Schiff, George Soros, Paulson, Bill Gross of Pimco have sounded the alarm on the US dollar.

Louis notes that the media makes fun of Peter Schiff and Ron Paul for wanting to return to a gold standard

Part 3 (12:26)

Ryan and Louis discuss the impact of QE3 on commodity prices. Ryan and Louis note that banks may not loan money in a low interest environment as they can either leave it with the Fed and get interest or put it towards their reserves so they can trade more. Louis notes that the people who get currency first in an inflationary environment get the full value and the people who get it later and last receive debased currency.

As such money printing schemes help the wealthy. Louis notes that we don’t have capitalism but rather a Fed led economy that favors the profit of the banks. Ryan notes that Marc Faber thinks that Ben Bernanke has messed up badly.

Louis notes that most people are unaware of the actions of the Federal Reserve and that the Presidential campaign does not focus on the Fed’s impact on the economy.

Louis brings up Ron Paul and notes that he would like eventually to End the Fed and in the meantime allow the introduction of competing currencies. Louis notes that Fed monetary policy enables profligate fiscal policy.
Louis notes that the economy should not be driven by the housing market. The housing market should be driven by a healthy economy which enables people to save money and buy homes.

Part 4 (11:39)

Ryan discusses NAR statistics comparing the median sale price of a home four years ago and the average mortgage interest rate vs today. Ryan discusses rent vs own and notes that all markets are different. Ryan notes that interest rates are at all time lows and that if potential home purchasers take advantage of these rates they will protect themselves against inflation.

Listen to other Real Estate Radio shows with Louis Cammarosano

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/

Louis Cammarosano

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