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So many people have been waiting the market to slow down from last year, some of them have the down payment to purchase this spring.$ p+ j+ ^9 J9 w7 J. ~3 o9 p
However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.8 J6 y* J1 M8 a8 H$ X' P
It is always better to buy when it is on the way up than it is on the way down.) T4 K& c, C, }/ ?* X- m- V
For example, the condo average price is around $240,000 this March, now it is $270,000.
) F, f7 T8 ], HSay, it is at its prime now even though there is no sign in the condo section yet. Can any body guess, when it will come down to $240,000.
, w. Z' @( ]7 W% }/ dI will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
# Q' A% G# U$ b( q9 BIf you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,
/ R$ p& a3 s" c- x) s& _your mortgage interest rate may have reached 6%.
& y( O/ ~0 p: |2 zHouse market will not go down if the interest rate is low, so if you want to buy a low price house when it is over priced, you will have bear the high interest rate.
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6 r! e# T9 u7 }) z, h2 Y- D) R& i7 YOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000. B1 H! D% [& s( y6 X* m1 }$ ~" ]
if you buy it now, $270,000, interest rate 5.6%. interest(4 years and 6 months) $68040 plus 6 months rent = $6000 (you may not get the same
0 b' O/ e. P# G) R7 l0 ocondo with $1000/month rent) Total: $344,0402 W& t: Q+ S; Q- ^4 S7 {
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,96007 f) O3 S5 b% G) M9 H# P. R. n
We can see what is the best, when it is on its way up, worst?when it is prime(peak).+ |$ ?: d$ b- P
- k% q: o+ r6 kSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
. f4 H: k' Y6 w! ]6 N* b* L% S6 ICannot it be $270,000? Cannot it be $280,000?
6 b' X+ r; A" x9 t- f% tSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
" T. i& H' O+ O6 \; f) T9 BFor me as a property investor, I will always tell everyboy, it is a good time to buy,
# X' q4 D2 t. K. XFor those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,
6 O8 L" y* L8 w* Nthen they will switch to my line and try to "HouHou" to push the market up.& ?' N7 x: a; l
& l: K/ o; s' JHuman weakness.
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Well, we are human, we have it. |
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发表于 2007-10-13 10:58
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发表于 2007-10-13 22:39
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