We don’t know whether to be extremely terrified or slightly intrigued. Quite honestly, we’re a little bit of both.
Promoted as an opportunity to “Hedge, Speculate, and Invest” in specific real estate markets without actually buying property, HedgeStreet’s “Hedgelets” allow just about anyone to take a position on the median sales price of existing single-family homes in San Francisco. In other words, bet on its rise and fall.
Have a friend that swears the housing bubble is either about to burst or really doesn’t exist? Perhaps (s)he would be willing to “Speculate” with a bit of their hard earned money. Or better yet, see if you can find an agent that would be willing to “invest” their entire sales commission alongside your purchase or sale of a home (feel free to share their responses).