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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.
+ Z; X/ ~/ K$ K" x1 }6 V j; zHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year. w7 |, P% m# {7 |9 D$ u
It is always better to buy when it is on the way up than it is on the way down.
; `4 z4 A$ }( g! |For example, the condo average price is around $240,000 this March, now it is $270,000.
( x1 T9 X t L/ 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 $240,000.
3 `" @4 `) |. `4 II will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.( j1 D& |' }' z R6 U0 b5 n+ T# e
If you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,
* O. N) e I' Dyour mortgage interest rate may have reached 6%.
# Z& o; ^- O p$ E6 FHouse 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., g, m0 N: v5 m$ }
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OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000; F e2 h2 {% Z! O) b! G
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
5 ]9 O+ k; H& v. I; v( `' m' f2 acondo with $1000/month rent) Total: $344,040
2 J4 I# S! i2 f7 Eif you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,96002 i5 o( |# i7 d7 _) M; j
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
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So, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.& c/ g* M, r" o& y4 }$ U8 }
Cannot it be $270,000? Cannot it be $280,000?
" |" X2 }7 L' R. tSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
* _7 c* ^$ ?6 i7 @/ BFor me as a property investor, I will always tell everyboy, it is a good time to buy,- Y, e+ o- Q0 |) T6 X
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,: P- _) o* C+ e$ u
then they will switch to my line and try to "HouHou" to push the market up.
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- _% [8 d j4 JHuman weakness.7 ^- c' Q5 Z; J! n l& R
' j; Y9 ^) r. v! D" DWell, 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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