 鲜花( 0)  鸡蛋( 0)
|
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./ U: Q5 z" x7 K: T9 s+ c
However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.2 h! W1 z) W/ g/ T
It is always better to buy when it is on the way up than it is on the way down.
0 N8 i, _% }9 {+ s4 E$ a4 mFor example, the condo average price is around $240,000 this March, now it is $270,000.5 H, n" m0 p" [3 q
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 $240,000.
2 Q3 K1 R" c( X$ rI 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.
# J' m0 k. g4 @6 G6 tIf 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,: H7 Z1 L2 g8 x
your mortgage interest rate may have reached 6%.
/ ^, k# C1 F6 {: xHouse 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.
7 W+ I' ~! I# [- }$ b5 e2 |( i2 s- Z0 S, {
OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
; v. z/ C x: A. H8 P0 y4 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 8 z( i D; t, L3 Q" }; X, W
condo with $1000/month rent) Total: $344,040
! g2 x* ^7 ]' a( Kif you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600$ L! g) `: |8 b# F2 o4 {
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
2 h: O& X! t7 Q/ X J; j% d( h1 z* ^
! ~& g- Q4 C0 o$ B" BSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.$ }/ I5 i% X$ p# @- c2 S
Cannot it be $270,000? Cannot it be $280,000?
% h8 C6 _9 C. b* i* L4 s" ^4 u9 i, g2 lSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.5 o+ @: N7 k, g( M
For me as a property investor, I will always tell everyboy, it is a good time to buy,6 S/ s2 W2 r7 h6 z% F
For those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,
& t8 Q4 Q7 k h% X" uthen they will switch to my line and try to "HouHou" to push the market up.
; |$ r0 Z6 m! ?% r. v% H9 c) F! ?9 B
Human weakness." [+ K2 \2 x: s, S
; N9 \4 o4 e# w- o5 G
Well, we are human, we have it. |
|