markg

Expect Housing Prices to Continue to Rise

I'm not a bull or bear, but I will say that the bears make no better rational argument than the author.

There are several markets, southern California being one, where the after-tax payments will be very close to the monthly rental. This sort of agrees with the notion that houses should be purchased as a place you can live, and maybe a long term investment. And in case anyone cares to look, the affordability index is above 2002 levels.