 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.2 ^6 f/ P9 q# L5 u* v! O# _
However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
c' ?/ _! ?. t. N# P: F- dIt is always better to buy when it is on the way up than it is on the way down./ Y& J* N; r" J) a- @
For example, the condo average price is around $240,000 this March, now it is $270,000.
4 [4 {5 j- G: v9 ESay, 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 $240,000." d# p2 Q+ l' E2 x- z+ c# V; F
I will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.- y2 }( I, J Y& D |4 P
If you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,
! V: ?5 ~0 ?6 e5 k, y+ a. Gyour mortgage interest rate may have reached 6%.& l$ E$ S2 `6 @8 f' k# ]/ N
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.+ @8 j1 O) Y! q* }
2 j, X4 Q9 p" O. t6 W, u
OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000, ]1 P7 @6 Q1 N1 [/ x7 {
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
3 h# n& g; f& @0 B* }5 i* xcondo with $1000/month rent) Total: $344,040
3 q0 _6 ]: a( P/ d* oif you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
: r) t& _: z6 |3 r7 m+ B. g3 `3 g( TWe can see what is the best, when it is on its way up, worst?when it is prime(peak).
/ J a. E1 f0 e0 I. Q2 x3 _! I$ n! ~1 B
* F4 r+ v0 P. `4 B& Q+ \So, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.5 D: H( q) |; j1 q
Cannot it be $270,000? Cannot it be $280,000?
3 h& e, x& d- s& n: Z4 qSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
: S- |! e% D+ [* K) n. @For me as a property investor, I will always tell everyboy, it is a good time to buy,
1 e8 a) `: w$ ]: m1 s0 NFor 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+ b/ K, ]) W3 P- Y! F% K# O
then they will switch to my line and try to "HouHou" to push the market up.+ F- @: N' L5 d' {
5 Y) B$ w7 e7 y3 {Human weakness.
; R. u4 u. ~; t. s- V$ G2 T) V. T V+ d6 |. U9 y, \8 D
Well, we are human, we have it. |
|