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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.
+ s$ @& F) f% kHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.& J* t2 A% c& ?$ T
It is always better to buy when it is on the way up than it is on the way down.0 Q- ]) `, ^ m- h0 K+ e3 D" \& A
For example, the condo average price is around $240,000 this March, now it is $270,000.
' X( u. Y4 F5 A: x) G2 cSay, 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 $240,000.
) u" N4 Z1 s$ G; J( Z3 WI 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.2 }' L/ y) e1 }" W- b7 }
If 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,) B6 Z$ e5 ~, q" T
your mortgage interest rate may have reached 6%.
0 ^! }6 Z3 L/ x } JHouse 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" J2 s3 q; x2 d% c- V
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 ' y+ d: {! I' H9 Q, M4 t
condo with $1000/month rent) Total: $344,0408 O1 {' q3 N' l- r
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
+ E# m p2 b, ^0 G% J, ^# }4 RWe can see what is the best, when it is on its way up, worst?when it is prime(peak).% H- z ]2 {: O R) V) M* G
`+ f7 G4 \0 A' L5 z, e5 ASo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
2 ~( y" |0 v5 M; v; u1 UCannot it be $270,000? Cannot it be $280,000?' ^, d9 {5 T. @3 |& @% j" O1 O
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.3 ~; e" o4 T% k; H8 N* Y/ R; Z
For me as a property investor, I will always tell everyboy, it is a good time to buy,9 R6 h- W$ {+ _% [ A1 H* Q6 P
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,
0 P+ l2 o1 _# A! m: C" b' xthen they will switch to my line and try to "HouHou" to push the market up.
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Human weakness.( z7 v0 N, [' A* |& z. Q7 R
( o0 _9 d+ L* BWell, we are human, we have it. |
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狗仔卡
发表于 2007-10-13 10:58
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发表于 2007-10-13 22:39
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