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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.
; D; Y! L9 Y9 a/ U K% jHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
6 W" a" M; H" Q" T9 {It is always better to buy when it is on the way up than it is on the way down./ x2 Y% d/ J* t+ }5 J a
For example, the condo average price is around $240,000 this March, now it is $270,000.9 X1 n, B2 u% x* Q; N9 d$ ?
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 $240,000.
9 F) f# _. ^; z# P& \" Z7 e9 b) aI will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.3 D" t9 h5 e" }0 x+ r' K
If you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,6 m( g$ H7 F! Q+ s
your mortgage interest rate may have reached 6%.5 H, R' a( ]6 M& S
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.' p! {* `9 C9 R1 p4 U
. ?3 r) C& r( S. f3 X8 wOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,0000 h0 A* a) D# l1 Y. a; _! s" x
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 3 \0 j ]4 O& ~; q0 s2 J
condo with $1000/month rent) Total: $344,0408 [3 x5 `' _ n+ t5 ~1 [$ F$ Y
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
E* J5 E) e0 V/ F- m( PWe can see what is the best, when it is on its way up, worst?when it is prime(peak).1 S, I' M2 y6 i4 G
* J; S' Y) R' z. a kSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.3 |, j) V! q' K' I+ g6 o" E
Cannot it be $270,000? Cannot it be $280,000?
) x# |0 R. r9 e4 \; xSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
: q7 P2 H. D3 D! t% Z) L) e4 AFor me as a property investor, I will always tell everyboy, it is a good time to buy,. N& k' n2 {7 P# Q* \; ~0 w
For those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,- s( y1 l C! s6 F: e) x" b- X
then they will switch to my line and try to "HouHou" to push the market up.& N8 v2 _8 s# s/ c! n" }
0 R4 |7 o3 f+ h sHuman weakness.
O6 n, t1 A1 }+ X" A' s, T$ y& W$ |5 A. U
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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