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August 31, 2017 | When Capital Loss Spreads From Owners to Lenders

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Imagine that your largest equity asset is wiped out and you have no flood insurance.  Now you have nowhere to live and have to restart from scratch paying rent somewhere else. Think you would keep paying your mortgage on the house that no longer exists? Who bears the risk of capital loss now?  Here is a direct video link.

Harvey aftermath puts some homeowners at risk from CNBC.

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August 31st, 2017

Posted In: Juggling Dynamite

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