Hedge this

Online betting site for home prices

If John W. Henry can make enough of a fortune predicting future prices to buy the Boston Red Sox for $700M, maybe we all should jump on the hedge fund bandwagon. Online betting site HedgeStreet allows gamblers to place bets on whether house prices will rise or fall in several major metropolitan markets including Miami.

While I am fascinated with this concept, I much prefer owning the real thing rather than trying to predict the future.

[HedgeStreet]

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