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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 B$ o( P" g2 W5 ~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 q3 Y3 O! J1 g$ BIt is always better to buy when it is on the way up than it is on the way down.
5 D% X }% j1 i) VFor example, the condo average price is around $240,000 this March, now it is $270,000.' \% P D: B: ?, h% m$ d
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 $240,000.
u& y% |5 {# s4 ~, K) wI will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.% |5 n @; X$ T
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,% _7 [! Z4 y8 F' E5 A- w# J
your mortgage interest rate may have reached 6%.- d1 t3 H5 ?% A) M- d8 [+ {
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.8 F* D. p$ E" {8 U" U
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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
4 V# ]! d3 K, Y! `if you buy it now, $270,000, interest rate 5.6%. interest(4 years and 6 months) $68040 plus 6 months rent = $6000 (you may not get the same
- S$ Z+ O, d* f! j* fcondo with $1000/month rent) Total: $344,040
$ h, n- o! t+ f& s# [" ~if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600; o6 B3 V# o( D
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
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$ a8 \6 l# E. i+ Y& {" USo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.- g6 w9 J8 |# O3 T/ h. j
Cannot it be $270,000? Cannot it be $280,000?5 g2 h; n ]& l9 S) B& O5 a
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
6 \/ l$ d9 W6 g, pFor me as a property investor, I will always tell everyboy, it is a good time to buy,
/ g# Q. L" n0 f1 K0 W. O: YFor 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,- h u/ ~. H; Y/ p* g
then they will switch to my line and try to "HouHou" to push the market up.
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+ r H c0 J `' }( j: J( V: q* x0 [Human weakness.# W$ y0 }1 N2 C. L
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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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