 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.& K" k0 _- o) {8 \; K
However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year." r- \! {0 `# R& q
It is always better to buy when it is on the way up than it is on the way down.- L2 f: s- C' D R0 m* ?1 {3 Y
For example, the condo average price is around $240,000 this March, now it is $270,000.
! ~# s' f' x: USay, 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 $240,000.7 b0 ], y) v/ f$ 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.
, R! g' T' ~4 E7 r [$ B# v9 ` bIf 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,
( M! O/ V" @; v8 y+ nyour mortgage interest rate may have reached 6%.: r; A. f; l0 N( v' K
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. C% b% Q! V3 F" o& C; C
& q3 J; u5 c2 }" [4 h( j* Q$ `OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
9 y( B: d8 j4 V( Cif 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
3 x( C' ~# T# \! |& a8 ]) T7 z& E0 Kcondo with $1000/month rent) Total: $344,040* r$ G, p0 j* R8 \. m
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,96004 Q0 \8 Q7 u& _6 Q9 l4 m" k C
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
3 u7 ]1 r# I, Z/ n
" V |9 U6 R4 v/ e. O1 o; m9 iSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.& k* G) g3 L9 ~' J
Cannot it be $270,000? Cannot it be $280,000?
8 y: g, f( |4 B( n% ESo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.( F$ F2 _# g/ C7 ^/ X
For me as a property investor, I will always tell everyboy, it is a good time to buy,) y b$ U+ N' Y9 m
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 C. S1 b- e bthen they will switch to my line and try to "HouHou" to push the market up.
6 O- g9 z, p* z, |8 T0 `
( W/ E7 H$ n( l5 d4 t# a- ]Human weakness.$ e5 \, g" g" f( k' ]
1 r$ p" u6 i9 V' m4 C* nWell, we are human, we have it. |
|