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Chart of the day: Let’s go buy a house! | Felix Salmon

We can now take advantage of long-term fixed financing (thanks, Uncle Sam!) to own a home for a monthly payment less than the cost of renting. Which doesn’t mean that prices won’t fall further, of course. But at least there’s a good chance that if you do buy a house right now, with a fixed-rate mortgage, then if push comes to shove you’ll probably be able to rent it out and more than cover your mortgage payments.

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via Chart of the day: Let’s go buy a house! | Felix Salmon.

Which is why, in most places in the US, house prices have bottomed.

My latest free post on the housing market:

Housing Data: Shiller Unaware Bernankinflation Winning

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