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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.
7 l k E' n$ RHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
8 y; _2 {" S/ |It is always better to buy when it is on the way up than it is on the way down., ^ c, A$ ^ U0 h
For example, the condo average price is around $240,000 this March, now it is $270,000.
5 h- I- B" D" j9 R1 J1 MSay, 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 $240,000.* Z3 z4 e# ]0 R4 s3 D4 J( m
I will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.: ?9 O3 U& f# \; t7 t3 u- c- v# ~3 M
If you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,0 |/ g/ ]8 N' A2 F$ z8 l' _ ~% W; K
your mortgage interest rate may have reached 6%.
$ M/ l1 a" d) I+ FHouse 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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# _ w# l5 ~3 wOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
* ]: _( Q' o+ k# u, z* q/ `if you buy it now, $270,000, interest rate 5.6%. interest(4 years and 6 months) $68040 plus 6 months rent = $6000 (you may not get the same
/ H2 p+ b" A0 T) d# ]( y3 B$ M) a/ Wcondo with $1000/month rent) Total: $344,040" \3 o0 r! g3 T" S- {
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600. V+ L6 Y% T1 }4 z& O) z
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
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, t' h2 r+ {) }: u% P$ HSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000." S, d& g* p! y& C; e
Cannot it be $270,000? Cannot it be $280,000?3 O1 I' {7 O9 m# o! w$ r
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
& [$ w5 X. u) c2 `* W% ]$ T8 @# lFor me as a property investor, I will always tell everyboy, it is a good time to buy,
" N( x# S* z8 c, E3 `5 p# H1 NFor 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,
0 w. S S8 Z' S+ fthen they will switch to my line and try to "HouHou" to push the market up.# u" F2 d; x/ P& k7 m/ S7 y
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Human weakness., \+ F6 d% u0 l1 W
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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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