Down payment hedging

User Forum Topic
Submitted by ralphaze on August 28, 2008 - 4:45am

Down payment hedging

I want to buy a house in Houston or Dallas a year from now. I have the money for the down payment right now, but other circumstances keep me from buying the house now.

I have a gut feeling that housing prices will go up in Houston or Dallas this coming year, while it will continue to decline in other US markets.

I would like to hedge my down payment money, but I am not sure how to do it. I’ve looked into some REITs, but all of them seem to have an overly diversified portfolio with investments in markets about which I don’t really have a good gut feeling.

Does anyone have any idea how can I do this hedging?

Thanks

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