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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.

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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




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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.