4 ms·
> Did you make a ton of money betting against the housing market? If not, why not? Or if you were too young/poor, then do you know anyone who did? Considering
by cheiVia0 10y ago
> Did you make a ton of money betting against the housing market? If not, why not? Or if you were too young/poor, then do you know anyone who did?
Considering there was no product to bet against the housing market, your options are:
(1) Be a hedge fund manager of a large enough hedge fund to enter a custom derivative contract with a bank, to create the product (which is what those funds that made a ton of money betting against the housing market did)
(2) Have a few million for the minimum to investment in one the said hedge funds
So I'd say the answer for most people is "were too poor".