Dennis Norman
By: Dennis Norman
Are you are tired of dealing with tenants, notices from the city about property maintenance code violations and the like? Still like real estate though and think it is a good place for your money? Then you may be in luck.
There is now a new way to invest in real estate. Well actually it’s probably more gambling than investing (although the last couple of years I think have shown that all real estate investments are gambles to some extent) and it’s really betting on the real estate market itself, rather than actually investing in real estate.
What I’m referring to is the new MacroShares Major Metro Housing Product which is an Exchange Traded Fund (EFT) and is the brain child of Robert J. Shiller (Case-Shiller Report) and is being done in a partnership with Macro Markets. Basically this is like an index fund and is tied to the Standard & Poor’s Case-Shiller Composite 10 Home Price index (which I have written about several times-(see Case-Shiller tag)) that follows the home prices in 10 metro markets in the U.S. If you feel prices are going to fall buy the “down” shares, if you think they are going to rise you buy the “up” shares.
A quick disclaimer and CYA: Neither myself, Real Estate Investor Daily nor anyone else affiliated with either, or anyone that I know for that matter, are making any recommendations of investing in this fund or any other fund or index for that matter. This article should not be construed as investment advice in anyway. I just think it is an interesting twist on things and a unique way to gamble on the real estate market. Before considering this type of investment or any other investment I would recommend that you contact investment and financial professionals to fully explore the risks of any investment before you make it. OK, hopefully that covers my butt. Good Luck!
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