Our old friend IYR has rallied about 6%, and it is close enough to its gap to draw me in again. I’ve acquired October $99 puts on this, and if it keeps going up, I’ll just keep buying more.
Real Estate Re-Entry
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
I Forgot About This One
Back in the day, I used to track a stock called Pennsylvania Real Estate (symbol PEI). I don’t remember why I stopped watching it – – maybe the options didn’t exist, or were thinly traded – – but I tossed it to my secondary watch list. I stumbled upon it today, and I can only say WOW. Down from over $250 to just a few bucks. I guess we’ve out-bubbled the former housing bubble.
Homewreckers
I mentioned homebuilders as great short-sales two or three billion times. You can see how this is going:
Home Death Home
I’d say that Slope’s bearish disposition toward all things related to housing has worked out sensationally well, with IYR being one of the greatest charts of all time!
The American Dream
Here’s an interesting look at housing affordability. And, hey, the Bay Area scored two mentions!
