{"id":329955,"date":"2010-02-17T05:14:00","date_gmt":"2010-02-17T10:14:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/this-is-the-most-bullish-thing-weve-seen-for-housing-in-a-long-time-2010-2"},"modified":"2010-02-17T05:14:00","modified_gmt":"2010-02-17T10:14:00","slug":"this-is-the-most-bullish-thing-weve-seen-for-housing-in-a-long-time","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/329955","title":{"rendered":"This Is The Most Bullish Thing We&#8217;ve Seen For Housing In A Long Time"},"content":{"rendered":"<p>This is a really fascinating slice, via <a href=\"https:\/\/ems.gluskinsheff.net\/index.ncl.html\">David Rosenberg<\/a>, of the latest Michigan consumer sentiment data.<\/p>\n<p>It shows the percentage of respondents who think housing is a good investment.<\/p>\n<p>Two things stand out.<\/p>\n<ul>\n<li>First of all, and this is the bullish part, we&#8217;re obviously near rock bottom. If you&#8217;re a contrarian, the fact that basically nobody thinks housing is a good investment has to be a positive sign.<\/li>\n<li>Also, what&#8217;s striking is that the number peaked at 24%, which is way lower than we would have expected. With homeownership peaking near 70%, and housing serving as a national obsession, the peak seems surprisingly modest, suggesting that through it all, most Americans didn&#8217;t see their home as an investment (not that that saved us at all&#8230; what we had was still horrible).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b7bc0af00000000000da7e5\/housing.png\" border=\"0\" alt=\"housing\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/this-is-the-most-bullish-thing-weve-seen-for-housing-in-a-long-time-2010-2#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\/privately-the-white-house-is-praying-foreign-investors-will-start-funding-our-housing-market-again-2010-2\">Privately, The White House Is Praying Foreign Investors Will Start Funding Our Housing Market Again<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/cities-freaking-out-over-the-fact-that-government-housing-intervention-might-end-one-day-2010-2\">Cities Freaking Out Over The Fact That Government Housing Intervention Might End One Day<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-housing-market-is-a-battle-between-housing-fundamentals-and-government-intervention-and-fundamentals-are-winning-again-2010-2\">The Housing Market Is A Battle Between Housing Fundamentals And Government Intervention, And Fundamentals Are Winning Again<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/Ea4iTY3cf3o\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a really fascinating slice, via David Rosenberg, of the latest Michigan consumer sentiment data. It shows the percentage of respondents who think housing is a good investment. Two things stand out. First of all, and this is the bullish part, we&#8217;re obviously near rock bottom. If you&#8217;re a contrarian, the fact that basically [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-329955","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/329955","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=329955"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/329955\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=329955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=329955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=329955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}