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Ira & Carol Serkes
Pacific Union RE
Berkeley, CA USA
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ira@berkeleyhomes.com

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Sunday, September 03, 2006

A New Kind Of Home Owner's Insurance

You've bought a Rockridge home, and when prices go up, you're delighted!

What if you want to insure yourself against a drop in prices? You just might be able to in the future.

Kathleen Pender wrote an interesting article"Trading on price of homes" in which she describes how you can purchase a "futures and options contract on home price indexes"

I always tell our buyers that I know exactly what the value of their home will be when they're ready to sell it.

They look at me in amazement.

And I tell them "Different"

Anything other than that and my crystal ball gets very fuzzy.

But with a home-price-futures policy... you might have 20:20 vision for 2020 home prices.

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