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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.
0 a3 A- o, g% J* e, _, H9 _However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year. w$ d. z. s5 J& Q/ C
It is always better to buy when it is on the way up than it is on the way down.1 I2 v" V! H5 T1 \! B/ w `, x
For example, the condo average price is around $240,000 this March, now it is $270,000.
* |3 o" O9 A) m' B% X5 G0 y+ USay, 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 $240,000.& _ G! x6 s# w% ]( O9 r$ c: Z
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.; p& Z2 Z0 Y3 C
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,
" T1 P1 l. r+ e7 v T) Q" S4 i) jyour mortgage interest rate may have reached 6%.
) K( m4 D u3 ~! b; RHouse 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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, n4 B4 V# {+ q y+ Z P* h; NOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
2 R( _2 f4 X6 S `& Cif 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
- r( u" }. u2 P7 r5 Ncondo with $1000/month rent) Total: $344,040
0 {. @2 n; T) t7 J! _2 }" |if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
, j- e& c, ]; G- m) `: vWe can see what is the best, when it is on its way up, worst?when it is prime(peak).0 z8 R" v/ `: W
; e1 C: w2 R3 H* ASo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
l# t: }' l% v3 CCannot it be $270,000? Cannot it be $280,000?3 t" ?( Z$ T3 b, W- u9 y, `# ~2 e6 y
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
% I$ T7 w; m; jFor me as a property investor, I will always tell everyboy, it is a good time to buy,
6 c$ d; s, j5 Q0 CFor 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, M) ^4 J' r2 G- m7 P- p0 Q# f/ S
then they will switch to my line and try to "HouHou" to push the market up., I7 E- `2 G' j9 t6 Y# G! K- f5 `, v
/ Y( U- C y1 F+ W8 T: dHuman 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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