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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.
* n i( L+ ?5 B- U2 NHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
& `$ E, {* s7 T, qIt is always better to buy when it is on the way up than it is on the way down.& s5 Q, L7 H4 X8 {, n. A0 r2 z0 |
For example, the condo average price is around $240,000 this March, now it is $270,000.2 E& K* @8 [# O" O, d4 E
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.
" D3 Z% P7 u7 ?1 w/ H" J7 JI 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.
- w3 x. K% Q" ~& A7 @' qIf 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,
; V2 ?4 \4 K/ G0 i2 Vyour mortgage interest rate may have reached 6%.5 q7 }* t- E' z, Z9 O
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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OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000% \. a/ L$ ~# }% Z, x
if you buy it now, $270,000, interest rate 5.6%. interest(4 years and 6 months) $68040 plus 6 months rent = $6000 (you may not get the same
2 G+ \! X$ \* A" Ocondo with $1000/month rent) Total: $344,0406 S. y$ h) [ F
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
5 L5 W0 S3 K. Q5 O3 F2 s( t7 t1 n5 V8 {We can see what is the best, when it is on its way up, worst?when it is prime(peak).- K9 W' ~4 }1 t% ^5 \) `6 N
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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.- m! B. y& n) \! D1 |2 Y
Cannot it be $270,000? Cannot it be $280,000?
- J) x N; Z! t$ E: KSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.! O2 j6 H' ]5 B' R+ \* u
For me as a property investor, I will always tell everyboy, it is a good time to buy,
& g1 I+ C! ?8 F" p# R/ n3 y: zFor 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,9 x7 ` j" Z K+ y' d
then they will switch to my line and try to "HouHou" to push the market up.% \2 w- A" I8 ~$ L$ e# i
7 i- L1 z& Q3 u- H. E0 V; UHuman weakness.
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" y" ~: y4 u: }& ]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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