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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.( l7 }6 |) v" c
However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.- F* ?4 ]$ p! P( A1 `1 p
It is always better to buy when it is on the way up than it is on the way down.
' Y5 ~0 @7 G/ P* c- {1 L% c; J) E5 lFor example, the condo average price is around $240,000 this March, now it is $270,000.1 t7 x: t, i3 z$ T/ s/ }
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 $240,000.& D5 L. T' g) t! r. ?
I will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.7 i1 [) G* u1 T/ Y# O
If you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,8 a2 D4 J2 u# |. Q) {# N+ n
your mortgage interest rate may have reached 6%.
; B7 |* T2 V. L$ Y) m' Y7 k+ EHouse 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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0 b2 g, R4 C1 Y* LOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
f9 r8 U7 [0 {" Wif 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
7 _1 B0 F5 H- z, qcondo with $1000/month rent) Total: $344,040* ^1 m, @" n+ x: O5 z
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
- M; I( x" Q a* zWe can see what is the best, when it is on its way up, worst?when it is prime(peak).& `/ O0 u% i$ u
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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.
+ v& S9 H W, R- dCannot it be $270,000? Cannot it be $280,000?2 X. b$ c1 V/ t3 b- L
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
& s$ R4 E9 Q. j+ M! r9 B MFor me as a property investor, I will always tell everyboy, it is a good time to buy,, k- J; f! G0 |1 g: z$ S: k' t
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,: a$ {* v& N7 X
then they will switch to my line and try to "HouHou" to push the market up.
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0 B9 g* W5 [# A1 N3 T' HHuman weakness.1 g) }$ s% G, g4 r( ~: E
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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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