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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.
- ~( Z7 n: _5 Q$ }# [2 m" p1 \However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.$ f& ~) a% @$ |2 v8 i: b! s- q1 s
It is always better to buy when it is on the way up than it is on the way down.
0 l! P1 u# `6 m" @4 l( m1 {, KFor example, the condo average price is around $240,000 this March, now it is $270,000.
% c, y4 o3 P! dSay, 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.
& w p8 B [' U& S3 a6 S9 e( t5 xI 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., q% T: W" B" G' @& t. s, s* ?
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,
6 [! ~1 j& g" @, ryour mortgage interest rate may have reached 6%.
5 E. C \2 J) Q6 L! QHouse 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.3 P% d) B) `" P8 _( w0 ^
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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+ e3 ]) O; y" b2 O2 [: `2 ]
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 ! f, e: l8 T6 C
condo with $1000/month rent) Total: $344,040' o1 @" {' O* H/ H" R7 J
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,96007 y3 L3 C( ?+ }/ c( S8 P7 v. p, Q
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
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$ I* M v) {8 C% DSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.+ Y/ u1 A% ^0 ?
Cannot it be $270,000? Cannot it be $280,000?: ^% c* P+ r3 K; ]
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.3 p( M* |$ p! O _
For me as a property investor, I will always tell everyboy, it is a good time to buy,2 O! F3 ?% z1 S4 ^
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,5 M2 M, V7 e$ [) Y+ \1 M
then they will switch to my line and try to "HouHou" to push the market up.0 V: T& e2 j( e; G l
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Human weakness.3 P- R" ^ C# `: X7 B2 \1 N
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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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