When to buy

Crassula

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.
6 k  R2 M0 P- _/ c: a) g; o7 `However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
It is always better to buy when it is on the way up than it is on the way down.
5 ~0 q* D) ^+ d1 u1 ]For example, the condo average price is around $240,000 this March, now it is $270,000.
! @7 N- m5 @" j/ V8 {1 ySay, 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 $240,000.
I will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
9 D- z  d. u' ^  D& x9 l$ ~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,
1 f1 P9 G2 l+ ]your mortgage interest rate may have reached 6%.
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.

' b) p" ?9 `9 R: Z4 m7 d, }OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
3 C+ ]6 g0 V" q+ b7 ~6 t. Zif 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
& O1 p. @  F/ @& bcondo with $1000/month rent)  Total: $344,040
if you buy it next March, $240,000, interest rate 6%.  interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
' g9 E& ^( f0 k# X' U4 l* M1 Z! C
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.
Cannot it be $270,000? Cannot it be $280,000?
7 ~" {  K  E& }8 |/ bSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
; F  |5 L: q! rFor me as a property investor, I will always tell everyboy, it is a good time to buy,
1 T! ~  G  G* g, wFor those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,
. z& P/ \" {% d3 w* H$ p/ uthen they will switch to my line and try to "HouHou" to push the market up.
! d  H2 n1 S0 v1 R' z, B3 U' ?- b3 R
+ ~/ W0 l4 s3 V! l% M+ fHuman weakness.
! x+ N3 P* {5 D5 Q: B
" ]7 A) B) P! U+ ?4 jWell, we are human, we have it.

紫光

英文帖子一般没有很多人回。lz还是装个中文软件吧。顶一下。

yj151

Z

原帖由 Crassula 于 2007-10-13 11:58 发表
* I: m0 b5 w6 F" z& z3 pFor 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,
/ ?0 t+ A1 \- I5 Hthen they will switch to my line and try to "HouHou" to push the market up.

Human weakness.

/ I- s1 M  l6 _7 M; yWell, we are human, we have it.

  a9 G! P/ W, `& z0 W6 _
2 X. r/ J3 E0 W. N呵呵，我不认为这是人性弱点。永远看牛或者永远看熊的，那是猪。

" _; v; g% }7 a3 l5 u# V9 B能在恰当时间改变阵营的才是识时务者为俊杰。

Crassula

I hope you are not 猪, and can have house sooner and become one of us.

judyzh

装不了中文软件也没关系，用这个：
9 Y3 m" b$ ^' P2 }" [0 g8 I  Fhttp://www.o-cj.com/simo/index.php#

judyzh

原帖由 Z 于 2007-10-14 10:15 发表

4 a) C! l: [! ~, R
5 [, z" T1 R# s' Y0 P# J永远看牛或者永远看熊的，那是猪。

' P7 o" D& Q! y+ D0 j+ U2 [( j; d$ d

Z

原帖由 Crassula 于 2007-10-14 10:41 发表
( Q, w& P, F0 z  g3 yI hope you are not 猪, and can have house sooner and become one of us.

Yes, I won't be bearish all the time.
% H" G: J! U) s+ t) }( d
I will buy a house, at the time and location of my choice.