CKUA

[Arrow335]

While planning my escape from the insanity of the US to the seemingly more tame Canadian hinterland, I've been somewhat shocked at the cost of real-estate in several areas. With my sporadic runs of good and bad luck, it dawned on me that after such a big move, perhaps I would hear the sound of equity vaporizing in the crisp Canadian air. Could you guys be next?


Now if I could find a pure play stock or better yet a solid -ipo-let alone actual insurance in this virgin field.

peace

"Home Equity Insurance: A Pilot Project"
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=410141


Abstract:
Home equity is the single largest component of household wealth for the majority of American households. Yet, there is virtually no way for the average family to insure itself against drops in home value and the ensuing destructive financial loss. Much of U.S. housing policy has focused on helping them against the risk that home ownership entails.

In this paper, we document the development and implementation of a home equity insurance program launched in 2002 in Syracuse, New York. The range of issues arising from the practical implementation of a home equity insurance program, as well as the institutional challenges offer useful data for further extensions of the program.

Highlights of the outcome, to date, of the pilot program include the finding that implementation of the program was feasible on the local level, that customers understand and wanted to take part, and that clean data on housing transactions is a vital component of the future success and expansion of the project.