On Monday October 24, 2011, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate Radio show on The Big Talker 1580 AM, hosted by Ryan Sloper.
Listen to the show.
Part 1 (13:53)
Louis and Ryan discuss the HomeGain Third Quarter 2011 Survey regarding Obama’s approval rating as cited in the Boston Globe. Louis notes that real estate professionals have soured on Obama. Louis notes that the lack of any meaningful housing recovery, despite numerous Obama signature programs, have caused real estate agents to lose faith in the President. Louis notes that low interest rates and printing money are not the answer. Louis notes that intervention by the government or quasi governmental entities will not provide the necessary change to the economy-only the free market can fix the economy. Ryan notes that there are 20,000 homes that have taken over four years to foreclose. Ryan notes that Obama spent the first part of his administration focusing on healthcare and not on housing. Louis notes that the government caused the housing problem and now they are trying to fix it. Louis notes that the first time home buyer credit was a failure. Louis notes that government intervention creates lopsided favoritism and doesn’t help the housing market. Ryan discusses the new making home afforable refinance plan (HARP).