Hedging of EU rental property mortgage

Why would you not hedge the underlying instead (the house) with a property derivative:

https://www.ipf.org.uk/asset/B6F9B2DA-EECA-4799-8BBED392CCC9CCE1/

 

yes I like the FSTL/SX86P futures for that too, but I don't think they have options

 

It’s a hard question. Of course, you could try, but such a plan can also be a disaster for you. I suggest sifting everything through, even with a professional advisor.

 

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PAY IT down, by 2025\
or better yet pay it off\ 100% of foreclosure$ happen with debt.
US Fed reserve has actually promoted vari- rate mortgage\[ nice Fed chart] but that was some time a go.........................................

 

I think the problem is you are trying to hedge against a move that has already happened and you needed to hedge when you took out the loan.
Assuming it is a 5/1 ARM , OTM puts would have been absolutely dirt cheap in 2020 and you would have had a huge cushion for the correlation to not be perfect.
I agree with Murray that you just have to pay it down.