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> The combination of high leverage and complete property ownership seems incredibly risky to me. Perhaps they're hedging their exposure with property derivativ
by w1ntermute 11y ago
> The combination of high leverage and complete property ownership seems incredibly risky to me.
Perhaps they're hedging their exposure with property derivatives.
- humbleMouse 11y agoThis was my thought as well.
- jdross 11y agoThey don't exist, at least at any meaningful scale. You can hedge against mortgage defaults, but it's not really the same thing.