When to buy

Crassula · 发表于 2007-10-13 10:58

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.
However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
It is always better to buy when it is on the way up than it is on the way down.
For example, the condo average price is around $240,000 this March, now it is $270,000.
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.
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.
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,
your mortgage interest rate may have reached 6%.
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.

OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
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
condo with $1000/month rent) Total: $344,040
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
We can see what is the best, when it is on its way up, worst?when it is prime(peak).

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.
Cannot it be $270,000? Cannot it be $280,000?
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
For me as a property investor, I will always tell everyboy, it is a good time to buy,
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,
then they will switch to my line and try to "HouHou" to push the market up.

Human weakness.

Well, we are human, we have it.

紫光 · 发表于 2007-10-13 22:39

英文帖子一般没有很多人回。lz还是装个中文软件吧。顶一下。

yj151 · 发表于 2007-10-13 22:40

Z · 发表于 2007-10-14 09:15

原帖由 Crassula 于 2007-10-13 11:58 发表
/ u* h- u& \1 ]* JFor 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,* H8 | P8 q2 }% l k- c' u6 s! T
then they will switch to my line and try to "HouHou" to push the market up.
" x! r# N2 f8 @+ V
A! Y5 M7 x9 h2 J% j/ u; KHuman weakness.; g6 d( X7 E" y

5 [; a. m+ }/ vWell, we are human, we have it.

呵呵，我不认为这是人性弱点。永远看牛或者永远看熊的，那是猪。

能在恰当时间改变阵营的才是识时务者为俊杰。

Crassula · 发表于 2007-10-14 09:41

I hope you are not 猪, and can have house sooner and become one of us.

judyzh · 发表于 2007-10-15 07:49

装不了中文软件也没关系，用这个：
http://www.o-cj.com/simo/index.php#

judyzh · 发表于 2007-10-15 07:50

原帖由 Z 于 2007-10-14 10:15 发表
0 L6 }7 ~; c& {: J- V) E3 c2 U* Y( d
4 g% S# h8 f7 p; |
% G: Z- R2 i& { o- Q5 v. Q永远看牛或者永远看熊的，那是猪。
$ u% q( _% Y6 c/ \! M" {( p0 O1 s( E

Z · 发表于 2007-10-15 08:32

原帖由 Crassula 于 2007-10-14 10:41 发表 1 |" S5 z0 t% @6 v1 C* N; s4 X
I hope you are not 猪, and can have house sooner and become one of us.

Yes, I won't be bearish all the time.

I will buy a house, at the time and location of my choice.

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