When to buy

Crassula

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.
# _& z/ q$ U7 GHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
It is always better to buy when it is on the way up than it is on the way down.
! x" f) Z1 _  O4 O7 \For example, the condo average price is around $240,000 this March, now it is $270,000.
; A: F" P2 Q3 G8 s7 TSay, 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.
6 \( }& E9 s1 L* Z) i. T8 bI 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.
  y6 a! F- ?0 \: L8 b+ FIf 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,
your mortgage interest rate may have reached 6%.
House 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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1 o; z" j  N4 u9 xOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
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
condo with $1000/month rent)  Total: $344,040
5 F4 y3 k% ~; t  J+ s5 B% a5 uif you buy it next March, $240,000, interest rate 6%.  interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
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1 O1 P# g+ ^0 w; t, sSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
Cannot it be $270,000? Cannot it be $280,000?
$ r% q  W& t. nSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
For me as a property investor, I will always tell everyboy, it is a good time to buy,
For 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,
1 w8 U5 V" o$ ]then they will switch to my line and try to "HouHou" to push the market up.
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0 }( ^0 O* o0 C/ N- f; O0 V' D/ kHuman weakness.
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7 w/ r; N- C' n8 r3 a' a3 eWell, we are human, we have it.

紫光

英文帖子一般没有很多人回。lz还是装个中文软件吧。顶一下。

yj151

Z

原帖由 Crassula 于 2007-10-13 11:58 发表
# W+ z  v0 Q5 O4 Z3 [For 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,
7 `; T' ~, Z$ _6 a2 i" u2 t/ ]# x; Uthen they will switch to my line and try to "HouHou" to push the market up.

Human weakness.
8 @  h: e# i: N# {- Z
Well, we are human, we have it.

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+ h6 O# \9 J% O7 h; Z+ v. `0 V3 Q呵呵，我不认为这是人性弱点。永远看牛或者永远看熊的，那是猪。

3 Q" ^) E) I* `能在恰当时间改变阵营的才是识时务者为俊杰。

Crassula

I hope you are not 猪, and can have house sooner and become one of us.

judyzh

+ K$ @: U: y: C% S装不了中文软件也没关系，用这个：
http://www.o-cj.com/simo/index.php#

judyzh

原帖由 Z 于 2007-10-14 10:15 发表


永远看牛或者永远看熊的，那是猪。
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  Y5 c, M% V9 [

Z

原帖由 Crassula 于 2007-10-14 10:41 发表
- o, g- J( M- t& O) @2 eI hope you are not 猪, and can have house sooner and become one of us.

Yes, I won't be bearish all the time.

% a' h3 Q6 Z6 d8 NI will buy a house, at the time and location of my choice.