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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.
$ @& x A4 Y# G/ R1 s2 b3 M& M0 N, ^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 G0 S7 ^+ B n5 I, k/ FIt is always better to buy when it is on the way up than it is on the way down.0 K% |6 k2 E, a" [
For example, the condo average price is around $240,000 this March, now it is $270,000.& t7 m8 b! C' k) [; D/ 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 $240,000.8 U9 W7 n' d; Y4 d; }, y' [
I will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
% R, O& W$ ~& D2 L( \7 v# V# m( {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 Q% _/ r. F+ ^6 F2 jyour mortgage interest rate may have reached 6%.
; v# ~6 ]6 H, [" R# a* o4 wHouse 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.
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9 j# V) F0 u8 r% _OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
5 i3 w- v/ p0 L: K% M( m! Aif 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 9 {# ~1 I1 R. j! v2 U4 `" o
condo with $1000/month rent) Total: $344,0405 Q, ]# x9 P* ^) p! C- T# N
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
; d* j J/ v( T( m. uWe can see what is the best, when it is on its way up, worst?when it is prime(peak).+ G7 \ j3 O4 _) o9 Z4 N1 W
) ^: \5 f4 L: ], X8 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.
6 Q. t, C% T3 |( w% p- C4 MCannot it be $270,000? Cannot it be $280,000?
! y2 W. o5 m% P. FSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.( d' }! S; t s: a/ P: s6 X
For me as a property investor, I will always tell everyboy, it is a good time to buy,$ g- s9 Y) D* D+ Y5 j2 J% f
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,
( ]: J( {4 p1 E3 W& |: x5 Nthen they will switch to my line and try to "HouHou" to push the market up.
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+ [2 H( @% ~9 Z8 O: B: l7 JHuman weakness.
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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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