Rents Catch Up With Mortgage Payments

It’s said that when rent and mortgage payments are around the same amount that changes start to occur which can mean we are close to or at a bottom.  I hope that is true and here is another reason to BUY NOW.  The WSJ reported that the relative cost of owning versus renting is swinging back in favor of homeownership in some U.S. markets, buoyed by several quarters of sharp declines in home prices.

 

http://online.wsj.com/article/SB123552129423664663.html