Financial Survival Network, Released on 4/17/19
In places like Greenwich, CT, New York City, Vancouver and around the world, it looks like there’s a high-end housing bust taking place. It’s partly a demographic issue, where older people are downsizing want to cash in on their expensive housing. The hoped for resale market is younger generations and they’re just not stepping up to the plate. This underscores the danger or easy credit. It’s great when you’re acquiring luxury properties, but not so much when you go to sell. Expect such declines to increase in the future.
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts,” as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an international securities firm. A Chartered Financial Analyst (CFA), she now helps to manage millions for some of North America’s wealthiest families as a Portfolio Manager and analyst at the independent investment counsel firm she co-founded Venable Park Investment Counsel Inc. www.venablepark.com. Over the last decade, Danielle has been writing, speaking and educating industry professionals and investors on the risks and realities of financial behaviors. A member of the internationally recognized CFA Institute, Toronto Society of Financial Analysts, and the Law Society of Upper Canada. Danielle is also an avid health and fitness buff.