Aside form buying CDS contracts on multi-family loan pools, are there any other ways to short the MF housing market?
Recently traveled to Baltimore, Minneapolis, and Charlotte. Found myself astounded at the amount of MF property that has gone up in the past few years and more importantly, is set to go up in the next year. Sure, the lending market isn't what it was, but this bubble seems rather obvious.
The amount of demand is quite cyclical and I cannot fathom a scenario in which MF developers all perform well given the turn in housing and the value of rent vs. buying right now.
Most REITs or multi-family builders don't seem to be exclusive to that type of property from what I gather.