Real Estate Radio With Louis Cammarosano 3/21/11
On Monday March 21, 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 highlights of the show!
Part 1 (24:14)
Ryan and Louis discuss the situations in Japan and Libya and their impact on interest rates; Japan’s decision not to sell U.S. treasuries;the potential for Japanese insurance companies to sell U.S. treasuries to cover earthquake and tsunami claims in Japan;speculate on the Fed’s influence’s on Japan’s decision not to sell U.S. treasuries;the Fed’s statement that its “target rate” of inflation is still lower even though the cost of living is the highest since the 70′s;the real inflation rate and deception caused by low interest rates and low official inflation rates;low interest rates on equity prices;the impact of cash purchases on the real estate market;the advantage of purchasing a low interest rate mortgage on a home where the rent to buy ratio favors home purchase;the advantage that cash purchasers have on getting first dibs on attractively priced homes;why banks should not over lend at these mortgage rates;why home ownership is not at the top of many consumers lists;why real estate is a selective not universal opportunity;the difference in availability of mortgage credit vs consumer credit;the weekly unemployment claims; the debt ceiling and the Fed’s decision to sell mortgage backed securities;the Fed’s inability to control the free market indefinitely.
