_You’re worried that the law of gravity, as it applies to home prices, has been merely suspended, not repealed. Short of selling the attic (or a few outbuildings, if life has treated you very well), how can you hedge against a decline, if it ever comes?_

The International Herald Tribune has a very good article on the upcoming launch of the housing index by the Chicago Merc. Actually, its more of a nuts and bolts article: [Investing: New hedge on housing [IHT]](http://www.iht.com/articles/2006/04/14/yourmoney/minvest15.php)

Its going to be very interesting to see how whether this strategy compartmentalizes risk to the consumer. Here are some previous posts.

[What Do Cheddar Cheese, Nonfat Dry Milk and Housing Have In Common? [Matrix]](http://matrix.millersamuelv2.wpenginepowered.com/?p=501)[Another Exchange Joins The Housing Index Party [Matrix]](http://matrix.millersamuelv2.wpenginepowered.com/?p=535)