ping!
Did you mean to say: will your mortgage lender force you to "Hedge" against price declines in your market?
Calling Ex-Texan.
Here is your chance to make money, if you are inclined to put up.
Wow!!! This is cool! Now instead of selling, cashing out, and then moving into a trailer, you can just stay put and go short at the top of the bubble.
You can download this great housing price spreadsheet. Prices in the major markets from 1972 to 2005.
http://www.cme.com/files/HousingData.xls
It looks like each contract size will cover about $55K - $65K of housing. You can buy options also.
PING
How about your perspective?
Wow. I'll bet Vegas is kicking itself for not thinking of this first!
Just another derivative speculative "investment" instrument of which to steer clear.