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
Gen-Xers don't want to be homeowners
Australia is selling a ranch the size of New Jersey
What will your monthly mortgage payment be?
  TODAY'S TOP STORIES
Protests divide Greece as vote on Europe looms
Here's who is finding jobs in America right now
What a Depression looks like (Greek style)




graphic