{"id":4467,"date":"2015-01-13T07:03:56","date_gmt":"2015-01-13T12:03:56","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4467"},"modified":"2015-01-13T07:03:56","modified_gmt":"2015-01-13T12:03:56","slug":"overvalued-housing-prices-and-how-to-read-them-don-pittis","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4467","title":{"rendered":"Overvalued housing prices and how to read them: Don Pittis"},"content":{"rendered":"<h3 class=\"story-title\"><a href=\"http:\/\/www.cbc.ca\/news\/business\/overvalued-housing-prices-and-how-to-read-them-don-pittis-1.2898003\" target=\"_blank\">Overvalued housing prices and how to read them: Don Pittis<\/a><\/h3>\n<p>I was reading about baseball cards over the Christmas holidays and it made me think of Canadian houses.<\/p>\n<p>From the Bank of Canada&#8217;s warning\u00a0to last week&#8217;s devastating analysis from Germany&#8217;s Deutsche Bank that claimed a 63 per cent\u00a0overvaluation, it seems we are being told once again that we think our houses are worth a lot more than they really are.<\/p>\n<p>As we wait for the latest figures from the Canadian Real Estate Association (CREA) this week, homeowners and prospective buyers will be looking for concrete signals about what to believe.<\/p>\n<ul>\n<li><a href=\"http:\/\/www.cbc.ca\/news\/business\/stephen-poloz-says-up-to-30-overvalued-housing-big-risk-to-economy-1.2867184\"><strong>Bank of Canada says Canadian house prices up to 30% overvalued<\/strong><\/a><\/li>\n<li><a href=\"http:\/\/www.cbc.ca\/news\/business\/fears-of-a-housing-bubble-in-canada-overblown-report-says-1.2581913\"><strong>Fears of a Canadian housing bubble overblown<\/strong><\/a><\/li>\n<\/ul>\n<p>The article I read\u00a0about collectible cards ostensibly had nothing whatever to do with houses. It was light and charming, an autobiographical feature in the Economist&#8217;s Christmas double issue, about how a childhood craze for collectible cards had turned into a serious financial speculation.<\/p>\n<p>Baseball cards that had sold in the\u00a0thousands began trading at absurd prices. Canadian hockey star\u00a0Wayne\u00a0Gretzky\u00a0bought one card for nearly half a million dollars.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overvalued housing prices and how to read them: Don Pittis I was reading about baseball cards over the Christmas holidays and it made me think of Canadian houses. From the Bank of Canada&#8217;s warning\u00a0to last week&#8217;s devastating analysis from Germany&#8217;s Deutsche Bank that claimed a 63 per cent\u00a0overvaluation, it seems we are being told once [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[942,1806,2638,1583,2340,668],"class_list":["post-4467","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-canada","tag-bubble","tag-crea","tag-housing","tag-housing-market","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4467"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4467\/revisions"}],"predecessor-version":[{"id":4468,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4467\/revisions\/4468"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}