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January 10, 2018 | Home-Equity Gutting: Nightmare on Main Street Continues

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

Paid-for-homes are a refuge of peace and shelter.  Homes continually gutted of equity are financial calamities waiting to happen.  Central bank-inspired speculation has wrought another nightmare on main street.  See: Home equity hits record high and here’s how homeowners are spending it:

“there is now a strong confidence among borrowers that home values will continue to rise, making it less likely that borrowing against their homes even more will not end up putting them underwater on their mortgages in the future.

For some that means investing in the stock market. For others it is buying more real estate…And of course, “Some are looking to profit from the popularity of cryptocurrencies such as bitcoin,” added Weaver.

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January 10th, 2018

Posted In: Juggling Dynamite

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