Posts Tagged ‘ Obama care ’

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 Radio With Louis Cammarosano 11/14/11

On Monday November 14, 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 (15:00)

Ryan notes a curious answer by Newt Gingrich about housing during the recent Republican debate. Louis notes the problem of having a real debate with nine candidates in an hour and noted Ron Paul, for example only spoke for 90 seconds in the most recent debate.  Louis notes that there is no free market in real estate as the government is so involved in the real estate market. Louis notes the absurdity of giving the executives of Freddie Mac and Fannie Mae bonuses.

Ryan discusses the issues that Private Mortgage Insurance companies are having and their impact on Freddie Mac and Fannie Mae. Louis notes the analogy during the financial crisis when AIG was unable to meet its insurance obligations to Goldman Sachs and the Fed had to bail them out. Louis notes that the government caused the housing bubble with low interest rates.

Louis notes that the government also causes the cost of education to go higher by guaranteeing loans. Louis note that when the government sponsors services by guaranteeing loans, prices go higher but the quality does not go up. Louis notes that students with excessive loans will have a hard time getting a job and even if they get one will have a hard time getting a loan to buy a home. Louis notes that 70% of the U.S. economy is based on spending-spending with borrowed money. Continue reading this post

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Posted by: Louis Cammarosano on November 23rd, 2011 under HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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