{"id":736,"date":"2015-07-24T22:19:13","date_gmt":"2015-07-24T22:19:13","guid":{"rendered":"https:\/\/sandbox.gloop.org\/blog\/?p=736"},"modified":"2015-07-24T22:19:13","modified_gmt":"2015-07-24T22:19:13","slug":"shiller-the-housing-market-still-isnt-rational","status":"publish","type":"post","link":"https:\/\/sandbox.gloop.org\/blog\/2015\/07\/24\/shiller-the-housing-market-still-isnt-rational\/","title":{"rendered":"Shiller: The Housing Market Still Isn\u2019t Rational"},"content":{"rendered":"<p><a href=\"http:\/\/www.nytimes.com\/2015\/07\/26\/upshot\/the-housing-market-still-isnt-rational.html\">The Housing Market Still Isn\u2019t Rational<\/a><\/p>\n<blockquote><p>The housing market is another matter. It is far less rational than even the often irrational stock market, for a couple of important reasons. First, most investors find it difficult to understand how housing supply responds to changes in demand. Only a small minority of people think carefully about such things. Second, it is very hard for the minority of smart-money investors who do understand such matters to bet against bubble-level prices in real estate markets. In housing, the smart money has relatively little voice.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Housing Market Still Isn\u2019t Rational The housing market is another matter. It is far less rational than even the often irrational stock market, for a couple of important reasons. First, most investors find it difficult to understand how housing supply responds to changes in demand. Only a small minority of people think carefully about [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-736","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/sandbox.gloop.org\/blog\/wp-json\/wp\/v2\/posts\/736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sandbox.gloop.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sandbox.gloop.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sandbox.gloop.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sandbox.gloop.org\/blog\/wp-json\/wp\/v2\/comments?post=736"}],"version-history":[{"count":1,"href":"https:\/\/sandbox.gloop.org\/blog\/wp-json\/wp\/v2\/posts\/736\/revisions"}],"predecessor-version":[{"id":737,"href":"https:\/\/sandbox.gloop.org\/blog\/wp-json\/wp\/v2\/posts\/736\/revisions\/737"}],"wp:attachment":[{"href":"https:\/\/sandbox.gloop.org\/blog\/wp-json\/wp\/v2\/media?parent=736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sandbox.gloop.org\/blog\/wp-json\/wp\/v2\/categories?post=736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sandbox.gloop.org\/blog\/wp-json\/wp\/v2\/tags?post=736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}