Re: Puts as Hedge against Real Estate Decline
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And honestly, who in their right might would take the other side of that bet? Who would insure against a California real estate price decline? Insurers need to make money.
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Smart insurers will always have a margin...it will be there if you look for it...but it will be -EV for you by definition, as they are better odds layers than you.
Bingo
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