> Ah, so this buying in on this housing bubble is no
> more risky than speculating on commodities, which also
> don't go to zero.
I said there was (typically) no margin call. If you get stuck in a limit down futures contract, you can get wiped out in ways that are (again, typically) not possible with houses: you can't be forced to sell your house _just because it's value goes down_ ...
> I'd rather take receipt on a grain contract than buy
> an overvalued house via an under-safguarded mortgage.
> I'd rather eat the former than the latter.
You're a funny guy. I do not believe you.
/jordan