Posts Tagged ‘ european debt crisis ’

Real Estate 360 Live With Louis Cammarosano 7/2/12

On Monday July 2, 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)

Louis and Ryan discuss the Obama Care decision. Louis notes that the statute was upheld as a tax and notes some examples of how that precedent might impact other areas in the future. Louis notes that the Obama care law also contains a 3.8% tax on some real estate transactions.   Louis speculates that potential home sellers may choose not to sell to avoid the tax and may chose to rent out their residence.Louis discusses the 10th amendment and nullification. Louis and Ryan note that many people may decide that to pay the penalty instead of the insurance premiums and may also wait until they need the insurance and then buy insurance as they can be denied for preexisting conditions.Louis notes that the continued debate over Obama care will take attention away from the economy and the debt crisis. It will also draw employers attention away their businesses. Louis notes that the bill if presented as a tax today would not pass the current congress.

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Posted by: Louis Cammarosano on July 15th, 2012 under HomeGain, Louis Cammarosano on Real Estate Radio

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Real Estate 360 With Louis Cammarosano 1/9/12

On Monday January 9, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 radio show on The Big Talker 1580 AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (14:56)

Ryan and Louis offer their predictions for 2012 on the general economy, real estate market, interest rates, the presidential election, the price of gold oil and silver and foreclosures. Louis notes that the beginning of the year will be a continuation of low interest rates, working off inventory and a tepid market but predicts a financial shock at some point in 2012 perhaps based on a European debt crisis or something in the US.

Louis notes that there is no way to solve the housing crisis or the general sovereign debt crisis other than to allow the debt to be liquidated, but notes that the central banks are not willing to allow it.

Ryan notes of a new tax on mortgages that helps Fannie  Mae and Freddie Mac which Louis characterizes as a back door bailout of these entities.

Louis notes that many home buyers are holding off on purchasing a home because they think interest rates might go lower or that they will stay low for a long time or that home prices will fall further. Louis notes that more likely rents will rise and that it makes sense to get a long term low interest rate to protect against the rise in the real cost of shelter.

Louis notes that if interest rate rose it would be a disaster for the US government  as it would make it even more difficult for the US to pay off the interest. Louis notes that the Fed’s operation twist is intended to keep long term interest rates down. Louis notes that institutional investors purchase US government bonds for their perceived safety. Louis notes that the US is actually printing LESS physical currency as the cost of paper and its components (cotton and ink) are getting more expensive.

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Posted by: Louis Cammarosano on January 28th, 2012 under Louis Cammarosano on Real Estate Radio

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