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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." M$ ~ B3 L9 _$ Z8 i
However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
9 e6 f: c6 c2 D: f/ VIt is always better to buy when it is on the way up than it is on the way down.
# k: T/ S- e7 m7 I/ S6 L8 FFor example, the condo average price is around $240,000 this March, now it is $270,000.
e+ s* {: f9 I0 ^& w' R+ r% |/ ?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 $240,000. K1 a. \, i. j0 Y$ n
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.
* ]& R4 y0 \' e" w9 N( GIf 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,
5 ]' m' F+ x- Y! f1 R8 V+ pyour mortgage interest rate may have reached 6%.
5 ], N' X. Q6 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.
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OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,0000 m) s+ Y( A( ` H) \/ t
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
0 _- a' \3 }6 s" e+ Z. tcondo with $1000/month rent) Total: $344,040* ]2 }# Q- N" w3 v( b' R: W, q
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,96009 S& z. T/ s: ?3 N% g5 K% i9 s" ~
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
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5 M. z! j. U' V! {8 T! M& t* QSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
. G1 O3 W5 ~$ }( d5 qCannot it be $270,000? Cannot it be $280,000?+ H: d/ L% S' `4 E3 v. l& J- f {
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.1 A2 a9 j/ ]5 U8 h9 l+ F z
For me as a property investor, I will always tell everyboy, it is a good time to buy,
/ S& ]. j. y/ f. c+ \" w8 xFor those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,
* W0 e" w1 ^+ Y9 u* A u) g! Y4 ^$ Sthen they will switch to my line and try to "HouHou" to push the market up.
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Human weakness.
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; h1 N: G& P* [1 A+ mWell, 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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