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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.
% z8 W2 r* ~, r1 x# CHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
; G$ `3 N. Y# ~6 ]It is always better to buy when it is on the way up than it is on the way down.
! F' y) L+ y. ? s1 r. QFor example, the condo average price is around $240,000 this March, now it is $270,000.( o' o+ h! [' A- k
Say, 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 $240,000.
' z1 b, ^& H2 d5 m1 H+ CI will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
* y2 }5 j: `0 g3 Q. U( d* `# rIf you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,
; j1 t# ]- ?" |( C7 r" fyour mortgage interest rate may have reached 6%.
8 z5 m; o" _' y2 U( s9 bHouse market will not go down if the interest rate is low, so if you want to buy a low price house when it is over priced, you will have bear the high interest rate.9 G# o4 {- i; Q3 O1 p/ z
8 V K7 ?8 g+ p6 }: ?$ l3 p6 COK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000. k' O. r& u% h! h# H& \ j
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
$ ?1 T9 P/ R2 f+ B" v/ e; xcondo with $1000/month rent) Total: $344,040
8 e- R( E7 s& j1 ^- B( L& |9 t2 Z" Jif you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600* g3 q8 L: y6 X) x+ X* ]0 D
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
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So, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
& b$ |- X Q, r# G7 YCannot it be $270,000? Cannot it be $280,000?
) h: B6 i0 T9 {! jSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.8 U- ?3 F* S+ k o/ k3 O; `
For me as a property investor, I will always tell everyboy, it is a good time to buy,
) m, `0 }1 Q3 E* f+ c' fFor those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,, t+ |7 S" L5 e$ s8 I
then they will switch to my line and try to "HouHou" to push the market up.
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Human weakness.6 X6 b' `# b: D2 H/ ]3 c; ]
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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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