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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.
8 i# l$ z; G) [4 E' z V' MHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
% w2 R1 J( E6 N) i5 IIt is always better to buy when it is on the way up than it is on the way down.. ?# s" f4 }6 t- @( r
For example, the condo average price is around $240,000 this March, now it is $270,000.
' t! U, v2 W) |5 z1 N1 \5 jSay, 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 $240,000.
. E' p9 m9 f# pI will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
/ c+ @$ b4 z& ^- ~0 |6 S$ B/ pIf 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,' i% b8 Z6 P% P
your mortgage interest rate may have reached 6%.; s2 j1 n7 E% ^. K* ^- \9 l$ a! \
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.! W) o6 P' R2 w8 C2 i
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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+ B: t8 C; F, A9 Wif 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 Y [6 q4 C4 A" q! A4 a. u
condo with $1000/month rent) Total: $344,040% h' w6 {, ^3 u, B4 M4 t. {
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
% X' W4 J+ \9 P( l9 m' hWe can see what is the best, when it is on its way up, worst?when it is prime(peak).6 X. O( Y/ m' D/ ~
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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.
% J( j; {% R; W: c/ ~Cannot it be $270,000? Cannot it be $280,000?
1 u- ?! V4 C6 ~( `3 CSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
7 |. B- z: U" m Q' yFor me as a property investor, I will always tell everyboy, it is a good time to buy,
+ F) w' A9 V: Z6 H/ L* S7 z% TFor 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,
* _ V H7 h5 G1 Wthen they will switch to my line and try to "HouHou" to push the market up.
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8 t: q; M- p' j5 o. k) VHuman weakness.3 @4 e2 I) p% \) K1 z n2 ^# y
9 |* ? n% v( P4 B5 [: k" UWell, 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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