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.