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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 W Y3 v% D3 V, E! H9 A7 ~8 v
However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.5 }- Z1 T5 a) K: D; ?( `
It is always better to buy when it is on the way up than it is on the way down.
# `1 f" f9 C: f; l, A* V: b( ?- GFor example, the condo average price is around $240,000 this March, now it is $270,000.
7 ~1 w" |( t& h* uSay, 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.; p; ~8 c9 X# ^8 A' w
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." ?0 E/ u9 i3 Q
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,
% V6 ^9 G- v; ]' \. ~0 ]( Nyour mortgage interest rate may have reached 6%.
( Y9 f l: m- AHouse 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.* g+ H1 S9 R7 l, ^6 @7 m- m: [ Y
& o+ Z( S* Y0 x; T* C1 G4 V
OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
+ L" C- `' q" N6 ?if you buy it now, $270,000, interest rate 5.6%. interest(4 years and 6 months) $68040 plus 6 months rent = $6000 (you may not get the same ; m: @5 L+ [# R- S$ ^ T, ]6 s
condo with $1000/month rent) Total: $344,040
3 S+ p8 Y+ f) [; [if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
7 C$ l7 j6 d# p2 L7 i) R$ P, q uWe can see what is the best, when it is on its way up, worst?when it is prime(peak).; F2 X( r: t! b) V& M5 l
7 L X' t7 P1 H5 D. }" c3 FSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.# @3 }5 g' R4 \$ a: V
Cannot it be $270,000? Cannot it be $280,000?
' J- T1 Y% O b6 g: Q+ CSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine./ D2 A7 L9 t8 q7 W6 a' X) ?9 X$ B
For me as a property investor, I will always tell everyboy, it is a good time to buy,
- ^. ?9 D; N- N$ x2 H; VFor 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,8 X. A' Y5 G: I
then they will switch to my line and try to "HouHou" to push the market up.6 \/ e! d" A" _. s/ q( c& u1 _
1 V) O3 ]( }$ JHuman weakness.
3 s* b3 }1 c1 s8 b8 W# y, V1 h. I+ l6 {
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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