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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.
. Y! X! W; ~; C: i w$ @However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
3 r! W5 @ S4 } A$ P. q7 v: TIt is always better to buy when it is on the way up than it is on the way down.
% x. P k( J! h8 F6 W. nFor example, the condo average price is around $240,000 this March, now it is $270,000.
# ^3 D" l3 t" d8 f5 x2 e$ tSay, 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 $240,000.
/ b+ a7 E- m6 r; p8 LI will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.5 J* a; z3 d# T) ?# n) [
If you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,* z: n9 d) G2 V+ k) w. f& F
your mortgage interest rate may have reached 6%.' C8 j& o. e' r9 K9 ?: h: R
House market will not go down if the interest rate is low, so if you want to buy a low price house when it is over priced, you will have bear the high interest rate.
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* D' X! p |3 p5 t" @$ J8 EOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000- l) t+ t& H a' k3 h$ |/ P
if you buy it now, $270,000, interest rate 5.6%. interest(4 years and 6 months) $68040 plus 6 months rent = $6000 (you may not get the same : R* g6 p O$ @5 M
condo with $1000/month rent) Total: $344,0405 q' d6 K# Z3 L# j8 x
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
6 ] J( v( S& [We can see what is the best, when it is on its way up, worst?when it is prime(peak).7 r6 L& i4 c s/ |3 f9 f
/ z5 a- k" {( L0 T X0 K+ HSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
8 G `: }/ }! F# GCannot it be $270,000? Cannot it be $280,000?
1 |4 @5 R% j! f8 i( t* E% ^$ zSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.$ g# c. u: C8 _- V. X3 t, x/ c9 w
For me as a property investor, I will always tell everyboy, it is a good time to buy,1 |) w) u8 |- h0 ?- h
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,* n |" m7 R4 C4 v/ m$ w# ^1 y
then they will switch to my line and try to "HouHou" to push the market up.
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' v1 w/ c; |: [. l! ~4 J& `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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