[wahern]

Fair enough. That's what I get for trying to make a pithy point.

But what's your exposure? Home mortgages are almost always non-recourse loans, limiting your losses to your initial down payment.

I don't think speculation in the futures market is a very good justification to the argument that home ownership is in general a poor investment--IME the conventional thinking in economic circles. I stand by my larger point that home ownership is a categorically sub-par investment only for those already with substantial wealth.