Real Estate 360 Live With Louis Cammarosano 7/16/12
On Monday July 16, 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 (14:50)
Louis and Ryan speculate whether the Fed will institute another round of quantitative easing. Ryan notes that there is not much more the Fed can do to stimulate spending. Louis argues that encouraging consumption is not the answer but rather savings that can be invested in productive endeavors. Louis predicts that the Fed will not institute QE3 until after the election.
Louis notes that encouraging people to go back to school and take out more debt is not a good idea, but that helps the banks as the loans are guaranteed by the government. Louis questions whether there is a demand for more educated workers and argues for higher interest rates. Louis notes that the sovereigns do not want higher rates as it increases their debt service payments.
Louis notes that the low interest rates cause over investment in the stock market. Louis and Ryan discuss the Facebook valuation. Louis and Ryan discuss how competition weeds out even the strongest companies over time.
Ryan and Louis talk about how homebuyers can benefit from low mortgage interest rates. Louis notes that mainstream media is mostly national and not local. In light of this Louis recommends speaking with a local REALTOR or mortgage professional to get accurate local information.
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