I want to be short some housing stocks too as a hedge against my RE portfolio.
It isn’t easy, because RE stocks are mostly at very low valuations.
My RE shorts, in order of size, are AVB, BXP, and SPG.
I don’t think any of them are overpriced. Just relatively expensive, and the best hedges I can think of.
That DZ is short RE stocks without owning any RE is nuts. He should buy DR Horton and Invitation Homes.
Again and again I look at a RE stock as a potential short, and come away thinking instead it is undervalued. SPG is in awful business for the long term, shopping malls, but is well run and attractively valued.
