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.
3 n2 B' Y0 E% V( k" BHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
4 A& t/ x/ P' U/ LIt is always better to buy when it is on the way up than it is on the way down.
$ j$ _4 C; v7 Z8 x& [For example, the condo average price is around $240,000 this March, now it is $270,000.
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.
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.
  ?/ N) a) i7 qIf 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,
your mortgage interest rate may have reached 6%.
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 L( U5 w/ d; u  F8 h, E
  L. W1 d' t; XOK, 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
  D( a, n! X1 J( B( p# econdo with $1000/month rent)  Total: $344,040
- w$ h7 W; O8 N$ s6 Y1 ?if 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).

7 B! O+ q. s' a! P. O3 e' M' `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.
Cannot it be $270,000? Cannot it be $280,000?
" P, p, E) ]7 n  }7 ASo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
" y7 M+ k6 M. u& R2 f' u" V4 BFor me as a property investor, I will always tell everyboy, it is a good time to buy,
$ r3 b* m' U* c. I- 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,
5 o8 x& K" G' r+ h# Fthen they will switch to my line and try to "HouHou" to push the market up.

/ a2 Y3 O: ?( A5 @Human weakness.
2 G& p' w) G+ g& J
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
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,
' u; d/ S8 Q6 S$ o. s5 Qthen they will switch to my line and try to "HouHou" to push the market up.
% t! A/ f8 e1 B
- X. U9 g" l( t, D/ v8 cHuman weakness.

2 P* {3 s: p9 I' w6 g$ v' pWell, we are human, we have it.

( V9 F9 q3 o! q. e+ v
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。

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

! x5 {" p5 R1 G& r8 R) I: Q9 Z0 B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


8 K  g1 V2 ~" v8 Q) r: \% V永远看牛或者永远看熊的，那是猪。

: E* }& j3 }5 @: D, h0 r/ J

Z

原帖由 Crassula 于 2007-10-14 10:41 发表
- P4 @' I. ?/ DI hope you are not 猪, and can have house sooner and become one of us.

& [% g$ B4 R- O$ ^8 `, ^9 `! i
% o0 `4 _) q7 e! T8 `) jYes, I won't be bearish all the time.
1 L" m+ m. o. l
I will buy a house, at the time and location of my choice.