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.
+ M3 y8 h$ ~2 `' b( j  I" K; J7 eHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
+ a4 ]- ~) k! ]- V  pIt is always better to buy when it is on the way up than it is on the way down.
For example, the condo average price is around $240,000 this March, now it is $270,000.
4 ~: m( X. o( p; XSay, 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.
/ [; Y3 r( _& m' G7 }& PI 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.
8 g& u1 v; }- Y6 hIf 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,
: z' p% a1 O) G8 o  y8 iyour mortgage interest rate may have reached 6%.
- o  K8 t3 P! C5 G; VHouse 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.

OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
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
condo with $1000/month rent)  Total: $344,040
  F% l" F: f' P) \7 Fif you buy it next March, $240,000, interest rate 6%.  interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
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8 w$ L/ {: r/ ]- f$ u9 Z& PSo, 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 $280,000?
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
# o2 ?5 E1 Q5 eFor me as a property investor, I will always tell everyboy, it is a good time to buy,
/ M7 _/ t+ K. Z8 FFor those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,
0 Q, v6 W; ?$ H. L4 \) P/ i' zthen they will switch to my line and try to "HouHou" to push the market up.

Human weakness.
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Well, 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
6 L/ p( I, e" e, o5 KFor 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,
" T6 D! x2 b* h$ Pthen they will switch to my line and try to "HouHou" to push the market up.
, x6 a$ D3 f9 i4 q5 ^
- t/ K  v4 `: h- u( t; WHuman weakness.

Well, we are human, we have it.

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$ [( B: z8 q8 h  K2 D0 p$ N, b! D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。
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" ^. E9 u. o( S2 k( l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：
http://www.o-cj.com/simo/index.php#

judyzh

原帖由 Z 于 2007-10-14 10:15 发表
* c, f' X$ S, o% [& N6 A5 H3 R

永远看牛或者永远看熊的，那是猪。

$ W" Y& q) n  ?1 p( X! E* s3 l0 u

* x8 a6 B1 x2 K

Z

原帖由 Crassula 于 2007-10-14 10:41 发表
2 w2 T3 x! p* ~I hope you are not 猪, and can have house sooner and become one of us.

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Yes, I won't be bearish all the time.
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I will buy a house, at the time and location of my choice.