Putting Your Money Where Your Bubble Is

We have previously pointed to HedgeStreet’s house price contracts for major US cities and politely suggested that those who think US house prices are experiencing a bubble might want to put their money where their mouth is.  See the Hedge Street home page for a short clip from a CNBC segment on these contracts, with the bubblicious Jane Wells.  The Hedge Street contracts are small enough that the old ‘the market can remain irrational longer than I can remain solvent’ excuse just doesn’t cut it anymore.