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.
7 {5 r4 S- W  D' `* @2 G: ZHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
( C( D$ \$ @! F& A+ Q) \It is always better to buy when it is on the way up than it is on the way down.
For example, the condo average price is around $240,000 this March, now it is $270,000.
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.
7 @/ _0 F. ], k# Q: i# `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.
$ }& |" V) _0 o, N6 AIf 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,
1 i3 |; p: I9 [" ^+ oyour mortgage interest rate may have reached 6%.
3 f+ B9 ]" l, Z/ e* M# S7 Y( NHouse 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.
! k$ S) }3 {1 y
6 e0 @$ _/ V+ b: ROK, 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 J" ?. P' a! @2 M. {# tcondo with $1000/month rent)  Total: $344,040
5 |/ A1 E; c1 Z1 Jif 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 $240,000.
* x. X- c& H$ t  ?Cannot it be $270,000? Cannot it be $280,000?
# M) p+ Y+ e3 j7 vSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
- C  V# n. Q7 U) xFor me as a property investor, I will always tell everyboy, it is a good time to buy,
$ [  T8 C, z3 Z: y* @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,
! E4 |2 W0 H$ S. O! m/ rthen they will switch to my line and try to "HouHou" to push the market up.

Human 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
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,
! M7 s, F, D% o# R  i' wthen they will switch to my line and try to "HouHou" to push the market up.
# t- w: w8 A; t* y
Human weakness.

, r! B2 i6 \: \9 {. qWell, we are human, we have it.

6 f. I2 U6 Q' F2 h: W' H, S1 [+ E
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


$ |& Y- J2 B: Q5 `5 c. w/ b/ a! B- j永远看牛或者永远看熊的，那是猪。

) x  Y2 z" c! N

Z

原帖由 Crassula 于 2007-10-14 10:41 发表
I hope you are not 猪, and can have house sooner and become one of us.

  V, }* U( r+ ]  c" yYes, I won't be bearish all the time.

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