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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.
" T+ C3 V1 u8 [: r8 THowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.! k/ Q9 i- t+ C3 b7 ^
It is always better to buy when it is on the way up than it is on the way down.
9 {2 M- c! C, vFor example, the condo average price is around $240,000 this March, now it is $270,000.
( A8 ]- }* J- I ?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 $240,000.
: ^' G" t6 }+ b/ r% i- LI will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
: s/ D( `7 b2 I9 [5 d; Q- d' u; P0 rIf you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months," Y7 c5 R" @; C7 d2 x3 A
your mortgage interest rate may have reached 6%.
3 h8 a& ?, r, x' i: MHouse market will not go down if the interest rate is low, so if you want to buy a low price house when it is over priced, you will have bear the high interest rate.9 A+ s; D6 B# `$ G. q
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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
9 }8 B# O4 Y. ]0 }if you buy it now, $270,000, interest rate 5.6%. interest(4 years and 6 months) $68040 plus 6 months rent = $6000 (you may not get the same
9 g3 {! ?" {2 Q" @! p$ I$ }! Ccondo with $1000/month rent) Total: $344,040
( ^1 \+ m. a6 r# xif you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,96000 o" o: Q, v7 U: [2 w1 f! V$ I1 m) ^
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 $240,000.
+ g; l3 v$ f NCannot it be $270,000? Cannot it be $280,000?
5 u3 O; i- @4 }& C4 K# ySo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
1 L* c; H4 V. Q7 V' W/ H2 SFor me as a property investor, I will always tell everyboy, it is a good time to buy,5 i" _9 f( n b# B+ ]' _
For those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,6 i7 u# ^7 [* W$ Y+ S, ], m
then they will switch to my line and try to "HouHou" to push the market up.4 W, I# m; s1 r! ?* c
* Z* h1 m% u* W1 u: j9 fHuman weakness.+ M% b* C2 i( l7 V' i
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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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