 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.
$ `, G9 j6 V. ^' {+ W a I7 C$ THowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
# [6 |2 X7 E) ~+ O0 ?! |It is always better to buy when it is on the way up than it is on the way down.
& X3 R8 l9 v* ~' b# J/ F" yFor example, the condo average price is around $240,000 this March, now it is $270,000.
; F& v5 |, ^ c' Z0 ?7 s0 iSay, 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 $240,000.
1 z/ B) z# ], X: z) K$ n% ]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.: |0 @7 L$ Y( x
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,4 D- D; M/ a9 t% k
your mortgage interest rate may have reached 6%.
) I, Z# m3 e4 p) y2 z9 r4 y5 c) 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.0 E6 i9 J8 R6 K F" w
! s3 O3 k6 h8 w+ |( |& lOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
4 j% X0 u q8 H( x* Sif 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
# ~; T5 y n% a0 v& I4 C5 w: gcondo with $1000/month rent) Total: $344,040
3 ^0 I9 y* ]4 Z+ S4 m1 {if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600% O& s( m! _6 o( f4 k8 W
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
D# g8 D, Y- v; ^6 w0 l6 r: \4 W6 i% `" n3 }
So, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.* P& F( z$ w. J- W# V
Cannot it be $270,000? Cannot it be $280,000?8 `" R% J1 u, ^1 j
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
) V+ }6 o5 B6 v/ p* jFor me as a property investor, I will always tell everyboy, it is a good time to buy,
1 ]' y5 w9 y( s/ B2 ~7 fFor those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,
Z: _0 R4 L; B3 Lthen they will switch to my line and try to "HouHou" to push the market up.+ s( r1 u6 p0 V" X! ?
; \* E. a0 J0 u6 ?+ [9 b* k! h
Human weakness.. ]$ ?: ~! _/ _& F( e9 R f
; }/ t2 A& o9 M' s) M- I
Well, we are human, we have it. |
|