 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.% k6 E3 |1 p. R: p, {/ J
However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
6 t6 I3 ?2 ^, g& JIt is always better to buy when it is on the way up than it is on the way down.# [. h' I' O* c
For example, the condo average price is around $240,000 this March, now it is $270,000.8 @2 y, y! s" l* x
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.
% f" C0 _ W1 b" I1 f/ n( l3 ZI 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.2 f- g: l5 u# s3 e1 k: A2 e# T
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,
$ i- X0 V3 t+ G) n5 E: Qyour mortgage interest rate may have reached 6%.
1 w4 F+ ?4 I( W; u- Y. i8 [+ FHouse 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.% i$ F+ v5 C( o& R# _6 t
0 r- v" p) C% \- [2 }0 KOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
' T9 m7 c" l0 S4 |9 c" u6 _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 , [+ C& o# {# I! {/ [0 C
condo with $1000/month rent) Total: $344,040: X. D- e% C! _2 z( o$ W$ S$ `) I
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600# T- m: o7 V* l& g" p$ x
We can see what is the best, when it is on its way up, worst?when it is prime(peak).% [+ u7 |4 Q- u1 U
' ?3 Z$ a. G6 ^" v/ y1 v0 h6 |
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.- r( `; G, u' L. R
Cannot it be $270,000? Cannot it be $280,000?8 m' c/ _5 G7 Z9 l
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
N c5 W" f& ], @1 q ?; I6 ?! mFor me as a property investor, I will always tell everyboy, it is a good time to buy,
# s1 {. a+ \. G4 a! Z* ^2 b! M, n8 @For those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,
7 ~' ~( A/ x! _" N$ Q+ g; i* a( mthen they will switch to my line and try to "HouHou" to push the market up.# M1 ?2 S+ {; s' _1 K' R
/ D) Q' X: j/ A! g; xHuman weakness.+ O( q' X& F4 I% ^- N8 s, i
, x. |6 U9 t+ w9 L8 e* c# p" UWell, we are human, we have it. |
|