1.9.12 (Part 3) Real Estate 360 With Louis Cammarosano

Louis and Ryan discuss the direction of gold and silver prices. Louis notes the downsides of owning gold and silver including storage costs and the potential of government putting a sur tax on gold and silver profits. Louis predicts that the prices of gold and silver should go higher absent of market manipulation. Louis notes that the central banks of an interest in keeping the price of both metals low. Louis notes that both markets are thinly traded. Louis notes that the physical market is fairly robust. Louis notes that since silver hit its high in 1980 there has developed an international market which should help prices rise. Louis notes that there has been a recent dollar rally in the past six months largely because of the problems in Europe. Louis notes that it may make sense to take advantage of a long term artificially low mortgage interest rate. Louis notes that just because it is inevitable that interest rates will rise, doesn't mean that its imminent. Ryan notes that according to Realty Trac one in three homes are underwater.Louis notes that if the government got into the rental market it would be a disaster. Louis notes that foreclosed homes used to be undesirable options for potential home buyers. Louis notes that according to the recent unreleased HomeGain home ownership satisfaction survey that satisfaction rates among home owners who bought in foreclosure were more satisfied than those who bought non foreclosed homes

Category:

News & Politics

Tags:

• gold
• silver
• mortgage interest rates
• home buyers
• home ownership
• home ownership satisfaction
• foreclosures