On Monday October 22, 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 direction that the housing market would take if Obama were to be reelected or if Romney becomes President. Louis thinks there will be not much of a difference and notes that real estate has not been a centerpiece of the Presidential campaign.
Louis notes that the government is not in the best position to “fix” the housing market or the economy.
Louis notes that access to increased credit leads to an ability to spend more which leads to higher prices.
Ryan and Louis discuss the impact of student loans on the housing market. Louis notes that young people’s inability to purchase homes puts down ward pressure on the housing market. Louis predicts that fewer people will go to physical campuses for their college education in the coming years but will receive their education online for less cost.
Louis also predicts that the student loan market will collapse just like the housing market did.