{"id":145239,"date":"2010-01-06T11:21:14","date_gmt":"2010-01-06T16:21:14","guid":{"rendered":"http:\/\/www.businessinsider.com\/david-rosenberg-house-price-to-rent-ratios-still-screwy-another-15-million-homeowners-could-be-pushed-underwater-2010-1"},"modified":"2010-01-06T11:21:14","modified_gmt":"2010-01-06T16:21:14","slug":"david-rosenberg-house-price-to-rent-ratios-still-screwy-another-15-million-homeowners-could-be-pushed-underwater","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/145239","title":{"rendered":"David Rosenberg: House Price-To-Rent Ratios Still Screwy, Another 15 Million Homeowners Could Be Pushed Underwater"},"content":{"rendered":"<p>Some more cheery thoughts from David Rosenberg this morning, this time on the subject of price-to-rent ratios, and what the numbers mean about home prices.<\/p>\n<p style=\"padding-left: 30px;\">As Chart 1 shows, the collapse in housing values has yet to fully mean revert <br \/>towards rental rates.&nbsp; To do so would imply another 10-15% decline in <br \/>residential real estate prices, which we view as a major cloud over the 2010 <br \/>economic outlook (the same holds true on a home price-to-wage basis).&nbsp; A <br \/>decline of that magnitude would take the number of households who are under <br \/>water on their mortgage from 15 million (25% of the mortgage population) to 30 <br \/>million (half).&nbsp;&nbsp;<\/p>\n<p style=\"padding-left: 30px;\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b44b83b000000000022e34a\" border=\"0\" alt=\"house\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/david-rosenberg-house-price-to-rent-ratios-still-screwy-another-15-million-homeowners-could-be-pushed-underwater-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-new-american-dream-default-on-your-mortgage-then-rent-2009-12\">The New American Dream: Default On Your Mortgage, Then Rent<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/apartment-rents-plunge-in-the-west-2009-10\">Apartment Rents &quot;Plunge&quot; in the West<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/case-shiller-housing-recovery-stalls-decline-of-73-worse-than-forecast-2009-12\">Case-Shiller: Housing Recovery Still Weak, October Decline Of 7.3% Slightly Worse Than Forecast<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/4S-uHPyHhPY\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some more cheery thoughts from David Rosenberg this morning, this time on the subject of price-to-rent ratios, and what the numbers mean about home prices. As Chart 1 shows, the collapse in housing values has yet to fully mean revert towards rental rates.&nbsp; To do so would imply another 10-15% decline in residential real estate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-145239","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/145239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=145239"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/145239\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=145239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=145239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=145239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}