Tuesday, February 23, 2010

Housing may have bottomed

Voltron says: The price vs rent ratio has been pretty close to even for about a year, but that does not mean that Wells Fargo has recognized all of their losses. It is likely the ratio will go below 1.0 due to the overhang of foreclosures, in which case it would be a good time to buy a house or invest in rental property on a cash flow basis.


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