Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I think most people are looking for practical advice. Please feel free to call 215-740-8999 or visit peterbuchsbaum.com.
Please join us live on the web at www.wbcb1490.com from 9:00am to 10:00 am every Friday.
So last week we were joined by Sharyl Volpe of Warren Media Group and Local Living Magazine. We discussed how print media was still a great medium. This week was full of great current events: Banks Behaving Badly. This was right in my wheelhouse. Barclays fixed pricing on the LIBOR, HSBC laundered money for a Mexican Drug cartel, JP Morgan Chase lost a small fortune hedging, and Morgan Stanley is being sued for bungling Facebook’s IPO. A former executive referred to bank customers as “muppets”. Who does Fannie Mae and Freddie Mac work for? Edward DeMarco the acting Director says his total lack or regard for the Treasury’s principle reduction plan is because he represents the tax payer. Seriously? So Susan Wachter a housing finance expert from University of Pennsylvania must be wrong in sighting evidence that the program works to benefit the tax payers. This took me to an article stating that a Housing recovery could lead to new jobs and increased spending. We have had some false starts with the “projected” housing recovery. To many it feels like this is the real thing. A housing recovery will certainly lead to more jobs and with more jobs more spending.
Today Vince and I were supposed to be joined by Mark Semerjian of Semerjian Builders. At the last minute Mark needed to reschedule for another Friday. So Vince and I are going to discuss the new opportunities of putting down less than 20 percent and still avoiding private mortgage insurance. This is a great way to save money now that private mortgage insurance is no longer deductable.
In combination with www.CBSPhilly.com/AskPete we have also been fortunate enough to have been asked to write some articles in “Local Living Magazine” to explore some of the questions you all ask us and the answers we provide.
Please join us live at www.wbcb1490.com for the open discussion about the ADVANTAGE program.
Each week we discuss the myths of the mortgage market. It is not about rate. A higher rate with no mortgage insurance may provide a lower payment.