They do, however, provide new and more-efficient ways for sharing and hedging the risks that do exist, and they facilitate the transfer of those risks to those who are most willing to evaluate and bear them.
In fact, I have learned that Japan’s Ministry of Land, Infrastructure, Transport and Tourism has almost completed the development of a new series of residential property price indexes using the procedure recommended in the Handbook, and the Ministry is about to start publishing new statistics just this morning.