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.
/ ^0 n& N+ J: d$ `However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
; n8 Y" P; O+ H5 I* tIt is always better to buy when it is on the way up than it is on the way down.
  M( t& l$ @! i2 wFor example, the condo average price is around $240,000 this March, now it is $270,000.
1 P# x, t, ~4 ?) ESay, 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 $240,000.
  ?3 Q; y5 ^7 e  A+ l: S- y  k' tI will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
" i! q/ m% ^& I8 C$ _6 J, oIf 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,
6 Z& Y5 |, A% ]! t+ N9 Q, Y. D& Pyour 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.

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
5 h5 o: y& r, r0 l: `2 Fcondo with $1000/month rent)  Total: $344,040
. D9 r% s- o- b3 ^( Y( |, nif 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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2 J3 S8 b9 W4 I- 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.
# N/ q" b, Y% u& A9 N' v4 YCannot it be $270,000? Cannot it be $280,000?
/ G$ @! ?! b* }$ \8 R8 R9 ^So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
4 y) ]$ a6 a% t, r5 NFor me as a property investor, I will always tell everyboy, it is a good time to buy,
  o& O, }5 F# v5 tFor 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,
5 x* B$ Y1 i9 [1 A2 v% R2 qthen they will switch to my line and try to "HouHou" to push the market up.

Human weakness.
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* ^7 O! t% x8 v! zWell, 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
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,
9 J2 a, o1 a6 c) y$ Y. `- `% Tthen they will switch to my line and try to "HouHou" to push the market up.
, ^) e7 u( J6 M( P
Human weakness.

Well, we are human, we have it.

9 r8 S. A" C8 l, \+ r0 X
. V# J+ K, B3 H0 R8 p# m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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0 F: o9 ~; D9 E1 O8 r. 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

5 n& `- u" X7 x: i  S3 a# x5 R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


* i5 n$ U9 y. g5 n+ S4 b5 X永远看牛或者永远看熊的，那是猪。
5 i! r4 l6 v' {8 M: d# _* m

) `8 r3 Y# @  P# x  C
* _# D& x' A) F* t8 i' W

Z

原帖由 Crassula 于 2007-10-14 10:41 发表
! G, @3 N* V  t7 O! @$ Z9 R. GI hope you are not 猪, and can have house sooner and become one of us.

5 u- ^) |( Y9 }Yes, I won't be bearish all the time.

I will buy a house, at the time and location of my choice.