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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.
( Z' V/ [5 Z5 Y+ UHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
3 F# l1 T0 T7 v1 J* X( V7 ^: }. P! xIt is always better to buy when it is on the way up than it is on the way down.
- e. J6 f# J# B& f5 r; lFor example, the condo average price is around $240,000 this March, now it is $270,000.
' S( b% q: [+ f4 b5 d: g5 u7 ^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 $240,000.( c9 \" s }: C6 ~1 m& t
I will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
0 m$ a3 v' x/ ^1 A4 v' }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,7 q) X8 q+ e0 O6 m
your mortgage interest rate may have reached 6%.
0 S$ e$ J" ~# {3 Z) s6 q3 I* YHouse 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 H4 t! c G9 h. }$ q' j- }
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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
, q. ]: k2 a( s" e7 o1 Bif 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
* R c: P* ?3 s9 [condo with $1000/month rent) Total: $344,040+ i$ O% K9 l4 |. E. u( E
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600 Q7 ^$ H; H7 y
We can see what is the best, when it is on its way up, worst?when it is prime(peak).9 `' ?3 ~* `/ P- Q! E. U
' I7 f$ R( B3 N% J! dSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.7 k! W2 A$ u$ b1 @+ x) y
Cannot it be $270,000? Cannot it be $280,000?
0 z) C' G1 R9 }So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
+ R. Y" O7 ^+ \ i' QFor me as a property investor, I will always tell everyboy, it is a good time to buy, b# o% }- W* b3 w! S4 f
For those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,0 G( b3 P8 q% @) B
then they will switch to my line and try to "HouHou" to push the market up.2 @& b# d1 J$ Q
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Human weakness.
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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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