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.
$ S, `# S- k4 J/ yHowever, 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.
$ v9 |# z, \" B4 d& ~1 L% t) RFor example, the condo average price is around $240,000 this March, now it is $270,000.
$ c* J$ k! W, ]  ?' aSay, 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.
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.
& b) _! J) m! [8 V3 P8 SIf 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%.
/ D3 s& @2 v% W# q' V4 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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OK, 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
if you buy it next March, $240,000, interest rate 6%.  interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
+ ~/ E6 w/ T  j) s* lWe 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.
Cannot it be $270,000? Cannot it be $280,000?
So, 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 F9 [2 j  t" X( ]* ythen they will switch to my line and try to "HouHou" to push the market up.
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  F4 S( e6 z0 T8 i/ a" S) NHuman weakness.

Well, 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
' m. x* W" E) \- i( w" \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,
- j# i+ F6 c" i, M, i* ~. {6 q3 athen they will switch to my line and try to "HouHou" to push the market up.

Human weakness.
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3 [% r7 B& z8 F9 |& ^/ A* i) ]Well, we are human, we have it.

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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。
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! o9 {% [: W. A; Q& l6 J) q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

' v: ~4 S3 L0 @; V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
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永远看牛或者永远看熊的，那是猪。

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Z

原帖由 Crassula 于 2007-10-14 10:41 发表
% C0 e: [0 z% O( D) B8 sI hope you are not 猪, and can have house sooner and become one of us.

) E7 w# o1 ^* V. M+ m* e% AYes, I won't be bearish all the time.

4 w0 f  y  |# n3 o  e# eI will buy a house, at the time and location of my choice.