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Old 08-15-2005, 02:15 PM
imported_bingobazza imported_bingobazza is offline
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Join Date: Feb 2005
Posts: 171
Default 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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