 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.7 C3 o; y0 h. X7 n3 Q2 M
However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
/ F8 D* F D' z# y+ Z! u5 MIt is always better to buy when it is on the way up than it is on the way down.6 y' S9 Y: {3 c4 @! f; x' @9 x
For example, the condo average price is around $240,000 this March, now it is $270,000.& y4 O5 d4 v: D6 ~: p# S, [
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 $240,000.7 q; {/ p9 ]# r6 N
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.
% `0 o) x" I! [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,, X: I# e# Y& c5 \5 v
your mortgage interest rate may have reached 6%.& w" x5 ~5 ?7 ?* K
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.. }2 y% j- `9 y
* T1 u m# [) UOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000 H6 \* q1 B1 ~; q* f1 ^3 @! f% H
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
4 _0 a+ ]/ B/ m. y* k- \# i7 U6 Bcondo with $1000/month rent) Total: $344,040' \( q' T( g/ U3 l
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
& A( g( l* M& C" u/ h- ^We can see what is the best, when it is on its way up, worst?when it is prime(peak)., H: J. `$ G8 p( x$ ~0 o
, u0 R# e3 e# D3 i8 [% m# [9 n
So, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
9 W6 m- u& d$ u2 _Cannot it be $270,000? Cannot it be $280,000?
6 d* ~/ p) T" Z5 CSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.; m+ h7 q1 N$ E; S: F" i
For me as a property investor, I will always tell everyboy, it is a good time to buy,
( G w0 F" h) HFor 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,
4 G% q2 U/ J& s g! k+ N6 kthen they will switch to my line and try to "HouHou" to push the market up.; f! g% \! A, r- e) l$ d
& ~" I6 N2 h; V9 S7 F6 o6 _Human weakness.# [5 V( o8 H2 H9 J7 L0 N S
" i% R9 q$ J' f! k" K8 g7 MWell, we are human, we have it. |
|