 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.# z7 H* D* Z" D/ W4 x) ?( 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.
2 |; F% D) c) Y) E& V4 [It is always better to buy when it is on the way up than it is on the way down.
! |% }: o4 Q+ a9 O% ?* s+ Y- B2 J% VFor example, the condo average price is around $240,000 this March, now it is $270,000.5 U Q8 i3 Z6 v( y6 I
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.
7 t6 K) p3 y2 b3 J) HI 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.
$ u8 E# U$ P9 h( j8 o! e& V$ t5 jIf 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,- _: H8 b# _2 ^* s4 |
your mortgage interest rate may have reached 6%.
7 ] J* a* _6 L# F1 G4 CHouse 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.$ F8 D4 B# `* D
- {3 _) K, }; w, p% H: H) [" T" ROK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
, w& h- i. B, ] Xif 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) Y& m' X" L3 K
condo with $1000/month rent) Total: $344,040
' [. A# X) F! @, V) J0 Y% Q% ]+ i9 {if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
* |' `" p& D) b$ n( LWe can see what is the best, when it is on its way up, worst?when it is prime(peak).
! Y$ }5 ?1 r7 D" ~
- }2 V( [: e+ U1 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./ p% q F L2 A) f
Cannot it be $270,000? Cannot it be $280,000?
, j) |" ] s* `5 [$ L, E; MSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine., H* ^. k& v4 f ^9 x% ^8 C8 V
For me as a property investor, I will always tell everyboy, it is a good time to buy,
3 \' F0 {3 r9 E1 RFor 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,
2 G% l1 M2 r% pthen they will switch to my line and try to "HouHou" to push the market up.6 T- K' J) i9 @3 p' O" R4 u
6 |% l. A8 I& X5 `5 i% QHuman weakness.
3 y! F0 R7 k0 Y; u# X( s8 c( z7 g( H( ]: P1 P/ a
Well, we are human, we have it. |
|