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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.4 i) h9 N$ u, |6 B/ \/ ~
However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
6 H% [( H7 l1 j4 Q9 d7 S! {It is always better to buy when it is on the way up than it is on the way down.
+ \9 T3 T) G! W: T5 A0 @3 tFor example, the condo average price is around $240,000 this March, now it is $270,000.7 O/ {3 _7 y: _
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 $240,000. _0 g4 [- b* [6 ~( _
I will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
) s# Z! y, ~' i$ [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,
- K. L; [1 n. y' C/ O: C% ]+ Eyour mortgage interest rate may have reached 6%.
q4 z V* B8 D" b7 _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.
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OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000) ~3 s7 f$ m6 h6 ^2 K' m2 ]% a, z }
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
2 \- G* v4 A5 a. acondo with $1000/month rent) Total: $344,040- i) E) u( c" |1 h
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
6 p+ q+ U5 {$ W( i1 t- vWe can see what is the best, when it is on its way up, worst?when it is prime(peak).
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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.: i0 ^; V; K+ \4 W
Cannot it be $270,000? Cannot it be $280,000?
# {7 W4 [% t* ~( dSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.9 v( y- |* s, z5 l
For me as a property investor, I will always tell everyboy, it is a good time to buy,/ g8 U! K7 A7 ^+ u' n
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,
' d( }' N5 G# x" y1 I* Cthen they will switch to my line and try to "HouHou" to push the market up.
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/ D/ h5 O# @) J; z1 V0 G7 u6 T; kHuman weakness.
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Well, 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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