Posts Tagged ‘ student loans ’

Real Estate 360 Live With Louis Cammarosano 8/6/12

On Monday August 6, 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 (14:38)

Ryan and Louis discuss the recent statements by Mario Draghi that he will “save the Euro. Louis notes the mechanism to save the Euro-printing money to bailout the sovereign states of Europe will debase the Euro and ultimately destroy it.

Louis note that the US is also printing the dollar as a way out of the debt crisis which short term will keep interest rates low but long term is a disaster for the economy.
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Posted by: Louis Cammarosano on August 14th, 2012 under Louis Cammarosano on Real Estate Radio

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Real Estate 360 Live With Louis Cammarosano 7/9/12

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 (15:51)

Ryan reviews the unemployment numbers. Louis notes that people are looking to central planing and stimulus QE1 and QE2 to solve economic problems rather than the free market. Louis notes that printing money just adds to the money supply and causes inflation. Louis notes that because interest rates are lower people put their money in the stock market causing the stock market to go higher and making people believe that the economy is better. Companies also buy back their shares instead of investing their cash which also raises stock values. Louis notes that an economy grows from investing savings not from borrowing money to buy things. Ryan notes John Williams San Francisco Fed President’s remarks that predict a stronger dollar low inflation and high unemployment. Louis notes that increasing taxes will harm the economy as it will not go towards deficit reduction but towards more spending. Louis notes that if government spending were cut, the private sector would get that capital and allocate it more efficiently than the government. Louis notes a recent survey where a majority of people said they would take reduced government for a reduction in taxes. Ryan and Louis discuss the recent government food stamp commercials. Louis and Ryan discuss the student debt issue and how it an high unemployment rates among young people will prevent them from buying homes.
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Posted by: Louis Cammarosano on July 17th, 2012 under HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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Real Estate 360 Live With Louis Cammarosano 3/26/12

On Monday March 26, 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 (15:18)

Ryan and Louis discuss the controversy regarding the allegations of a Congressional Budget Office employee who claims that the CBO prohibited statements in their reports indicating that foreclosures  had an impact on the housing market and that the decline in housing prices had an impact on household wealth.

Louis notes that economic data is often politicized as data can be included and excluded according to political aims. Louis notes that manipulation can also occur in the unemployment and inflation data. Louis notes that the Federal Reserve official manipulates the market and therefore its not surprising that economic data is also subject to manipulation.

Louis notes that statistics and science are also manipulated in other areas ie. cigarettes and cancer and global warming findings. Ryan and Louis discuss shadow inventory and foreclosures impact on the market.

Louis notes that bad assets should have been sold off by the banks rather than having been bailed out. Louis notes that the current low interest environment forces savers to put their money into stocks. Louis notes a recovery can be built on savings, but that with low interest rates borrowing, rather than savings is encouraged.

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Posted by: Louis Cammarosano on April 4th, 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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