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.
- g  {1 b5 z/ L( h1 X/ T4 MHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
+ L- u1 W. H4 z% v. Z. i& lIt is always better to buy when it is on the way up than it is on the way down.
: |9 d% x* Y* V0 K; cFor example, the condo average price is around $240,000 this March, now it is $270,000.
  q; A' _0 F( }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.
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.
+ r- c  ]' V! vIf 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%.
* X; d. D, |; g8 CHouse 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.
; B, n) t" t8 T* i/ w, {9 I& }- }
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
8 w& k/ Y4 D# j) b( V. 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).

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,
: j9 o; z: U2 l7 s1 T- |, y9 w6 k* ithen they will switch to my line and try to "HouHou" to push the market up.
3 t+ u5 E7 z4 o' ^0 p7 ?6 S
Human weakness.

8 G, e# T- k. y# QWell, 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
/ Y" s& x7 [4 d2 K4 JFor 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,
4 Z7 E% C, r) h+ Wthen they will switch to my line and try to "HouHou" to push the market up.

9 G: C, U& p$ q# L  q& ?% THuman weakness.

Well, we are human, we have it.

& @% }9 o* I/ U1 t
3 o! c% \& o# j' Y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。

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

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

3 P4 j0 X3 K- z) B; R  C4 s5 P
永远看牛或者永远看熊的，那是猪。

/ `1 R( F& i0 b" e' Z

Z

原帖由 Crassula 于 2007-10-14 10:41 发表
6 M) `2 d! x6 o, H7 o- j0 sI hope you are not 猪, and can have house sooner and become one of us.

# ~' s- P. p; j
2 u5 F: }. W$ B; t. K! p" |* J, }Yes, I won't be bearish all the time.

$ W" w: @6 N$ }% j2 AI will buy a house, at the time and location of my choice.