Bruce Norris on the ‘Creating Wealth Show,’ “I believe we will approach the day when we reach double-digit interest rates”

FOR IMMEDIATE RELEASE
Irvine, California, United States of America (Free-Press-Release.com) September 13, 2010 -- Bruce Norris, a long-time investor, lender, and real estate educator, joins Jason Hartman on the Creating Wealth Show as a second-time guest. During the podcast episode, Norris gives his perspective on government intervention on markets and takes a look at the micro-market of California real estate.

When speaking about the real estate market in general terms, Norris believes that prices are remaining relatively stable due to the lack of inventory. Both Hartman and Norris agree that it has been a very controlled market by government and banks.

“There could be a decision made that can change the game,” Norris states when speaking on government intervention. Norris’ advice to government, “Stop artificially creating a buyer; create a real market so we feel secure when we take a risk.”

Hartman and Norris explain that the deals are in the loan, not the purchase price, as most believe. Norris states, “The low interest rates are meant to spark demand in the economy, but I believe we will approach the day when we reach double-digit interest rates.”

Hartman asks a hypothetical question to Norris at the conclusion of the episode, “What if Fannie and Freddie went away?” Both agree that the dissolution or restructuring of Fannie and Freddie would likely have a negative affect on real estate prices, but positive on rental income. They probably will not exist the way they did prior to the economic downturn.”

Bruce Norris has been an investor and real estate education for 29 years and has released “The California Comeback Report” in 1997 as well as his work in 2006, “The California Crash.”

The Creating Wealth Show has featured many recognizable names in recent years including Pat Buchanan, Robert Kiyosaki, Addison Wiggin, Michael Gerber, Peter Schiff and many others. The Creating Wealth Show is available for free on www.JasonHartman.com/radioshows or the iTunes store, and offers investment strategy advice to those who wish to be financially independent through income property investing. To speak with an experienced investment counselor, you can call 714-820-4200 or visit http://www.JasonHartman.com for more details.

Bruce Norris     California real estate     creating wealth show     government intervention     interest rates     Jason Hartman     real estate