graphic
Real Estate
graphic
graphic


Bubbleproof your home
Your wealth is locked up in your home -- how can you protect it?
April 22, 2004: 2:47 PM EDT
By Scott Medintz, MONEY Magazine

NEW YORK (MONEY Magazine) - A majority of Americans have more than half their wealth locked up in their homes. It's a big risk to have so much wealth tied up in a single, illiquid investment, and there's essentially nothing we can do to hedge that risk.

Related articles
graphic
What's next for real estate
Your Home: Bracing for higher rates
MBA: No bubble in this forecast

Unless, that is, you happen to live in Syracuse. There, because of something called "home-equity protection," a homeowner can make a one-time payment and be protected from dips in the housing market.

Right now, it's basically an experiment, but for locals, it's a bid to stabilize the real estate market and revitalize the city. For the economists behind the scheme, it has a grander aim as well: to show that home-equity protection can work anywhere. Continued...  Top of page




  More on REAL ESTATE
5 ways to afford your first home
London's property market is in a coma
What will your monthly mortgage payment be?
  TODAY'S TOP STORIES
10-year Treasury yield hits 3% for first time since 2014
Who loses if Trump ditches Iran deal?
Uber CEO on diversity report: We need to improve 'across the board'




graphic