Posts Tagged ‘ peter schiff ’

Real Estate 360 Live with Louis Cammarosano 3/19/12

On Monday March 19, 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 (14:56)

Louis notes that interest rates are artificially manipulated as are the unemployment and inflation rates and that the economy is not good. Louis notes that there is still a lot of debt in the system and until that debt gets flushed out of the system there won’t be much of a recovery. Louis notes that the interest rates are low not for the benefit of the consumers who want to borrow but for the benefit of the banks and the Federal government who need interest rates to remain low.

Louis notes that low interest rates force savers and investor to put money into the stock market and other risk assets as bank deposits pay less than even the official stated rate of inflation. Louis notes that the gold silver and real estate markets are not as liquid. Louis says there is a bubble in the bond market but NOT in gold and silver as gold and silver are not overbought. Louis notes that the average person probably could not name a few gold or silver mining stocks.

Louis also notes that the average person also does’nt have much money to invest. Louis discusses unintended consequences. Louis predicts that central banks will continue to print money-i.e. kicking the can down the road, which eventually is a dead end. Louis notes you can’t solve a debt problem by issuing more debt. Louis notes that central planning and officious intermeddling in the market does not work.

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Posted by: Louis Cammarosano on March 24th, 2012 under 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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Real Estate Radio With Louis Cammarosano 9/26/11

On Monday September 26, 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 (14:26)

Ryan and Louis discuss the impact that a winning sports team has on a city. Louis and Ryan discuss the Fed’s Operation Twist announced earlier in the week designed to keep long term interest rates low. Ryan notes that he doesn’t think it will do much good due to tighter lending standards. Louis notes that Operation Twist did not increase the Fed’s  balance sheet and comments that the net effect is to kick the can down the road and to make the road longer. Louis notes that the Fed’s maneuver protects itself against raises in short term interest rate. Louis notes its generally good for real estate as it drives the long term interest down but if credit is difficult it will be difficult to take advantage of. Louis noted that Operation Twist will make it easier for homeowners to refinance which isn’t necessarily good for the banks. Louis notes that the Fed’s action was not positive for the markets as more quantitative easing was expected. Louis notes that stimulus and interest rates are not the answer as we have had plenty of that in the past few years to little or no salubrious effect. Ryan notes that the expensive real estate market is robust while the less expensive real estate market is still doing poorly. Ryan notes that the DC metro housing market is doing well due to the decent jobs market and the relatively low level of foreclosures. Ryan and Louis discuss the pros and cons of purchasing a new home vs. an existing home. Louis and Ryan discuss the pros and cons of purchasing a short sale vs. a new home. Louis notes that the new home market is more important to the economy than the existing homes market and that each new home built creates three new jobs.

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Posted by: Louis Cammarosano on October 9th, 2011 under Louis Cammarosano on Real Estate Radio

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