{"id":399,"date":"2005-09-09T23:03:35","date_gmt":"2005-09-10T04:03:35","guid":{"rendered":"http:\/\/www.michaelherman.com\/wordpress\/archives\/2005\/09\/09\/housing-perspective\/"},"modified":"2005-09-10T02:05:05","modified_gmt":"2005-09-10T07:05:05","slug":"housing-perspective","status":"publish","type":"post","link":"https:\/\/www.michaelherman.com\/wordpress\/archives\/2005\/09\/09\/housing-perspective\/","title":{"rendered":"Housing Perspective"},"content":{"rendered":"<p>This point comes from Martin Barnes at Bank Credit Analyst&#8230;<\/p>\n<blockquote><p>The current 11% year-on-year gain in real house prices compares to a 50 year average of only 2%. The current growth is three standard deviations above its mean, and historically, this has broadly been a mean reverting series. The odds are high that the growth in <em>real<\/em> house prices will fall below zero in the next few years.<\/p><\/blockquote>\n<p>via John Mauldin&#8217;s free <a href=\"http:\/\/www.2000wave.com\/\">letter<\/a>, which I devour every week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This point comes from Martin Barnes at Bank Credit Analyst&#8230; The current 11% year-on-year gain in real house prices compares to a 50 year average of only 2%. The current growth is three standard deviations above its mean, and historically, this has broadly been a mean reverting series. The odds are high that the growth &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.michaelherman.com\/wordpress\/archives\/2005\/09\/09\/housing-perspective\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Housing Perspective&#8221;<\/span><\/a><\/p>\n","protected":false},"author":88889,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[52],"class_list":["post-399","post","type-post","status-publish","format-standard","hentry","category-miscellany","tag-miscellany"],"_links":{"self":[{"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/posts\/399"}],"collection":[{"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/users\/88889"}],"replies":[{"embeddable":true,"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/comments?post=399"}],"version-history":[{"count":0,"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/posts\/399\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/media?parent=399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/categories?post=399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/tags?post=399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}