 鲜花( 0)  鸡蛋( 0)
|
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.
& n+ ?, N' }: K2 a% K' MHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
$ v1 H u! ^7 e7 QIt is always better to buy when it is on the way up than it is on the way down.
% u* b, z( Y2 g- E, pFor example, the condo average price is around $240,000 this March, now it is $270,000.
- A1 ?( l; v/ X, S' u: ]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 $240,000.
* w) r- t) q$ G( D1 I+ a* 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.
" u& d& n4 }; oIf 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,% P4 z/ m5 ^& X. h
your mortgage interest rate may have reached 6%.
+ B/ b( E: ^2 x1 N. H0 A& K9 eHouse 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.
2 a4 N+ R4 P& h% ?" Q* z; ~% |& E5 D0 G
OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000+ g; I6 h. v4 E! u: W2 P1 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 7 D/ y- `' [3 `: \7 z& X
condo with $1000/month rent) Total: $344,040; D( Y; M1 C- o$ c s
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
+ r1 e l$ ~9 j7 k. w* G. Z4 Z+ h5 T! zWe can see what is the best, when it is on its way up, worst?when it is prime(peak).! N" @! A, i a) ^( y5 x
/ [! ?" [3 S* Y, b" Z/ cSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
; L2 t) a8 A0 H B2 `0 aCannot it be $270,000? Cannot it be $280,000?
! z1 M5 T+ K( A) E1 wSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.* O% X# s! a3 w* Q5 c6 |
For me as a property investor, I will always tell everyboy, it is a good time to buy,
5 h( y: [; ?; ]" F1 O; D. XFor those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,! r: g5 O7 e8 g) }. F0 p) c
then they will switch to my line and try to "HouHou" to push the market up.
0 W( a* v& J$ g! v% w$ Q
( F \$ X0 R4 ZHuman weakness.
" y, J4 R/ V4 W0 t$ y
# T6 V" ^+ M, eWell, we are human, we have it. |
|