 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.
" D2 ]. \; l T, L5 Z) iHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
, F2 X6 G- Y1 cIt is always better to buy when it is on the way up than it is on the way down.% i5 \- `* ^% j* z O5 Q8 e
For example, the condo average price is around $240,000 this March, now it is $270,000.
0 ?' x, z6 T& E: X8 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 $240,000.
9 w& i1 _& C. k7 X7 w+ Z* R4 TI will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast., V$ l I- W h3 |6 I+ f8 _' I" d
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,% F! V1 \ P8 ~0 D5 S1 N( K- {
your mortgage interest rate may have reached 6%.! \- F1 D0 P, V
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.
/ u o" x7 l4 x" Y9 m8 h) G3 `! a/ I+ O% v. f, X
OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000) G9 a! y8 } a6 _# m+ `
if you buy it now, $270,000, interest rate 5.6%. interest(4 years and 6 months) $68040 plus 6 months rent = $6000 (you may not get the same 7 ^) F# {$ _" s9 O( ]
condo with $1000/month rent) Total: $344,040
8 ?5 F! E; L2 K) o! qif you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
6 B8 D9 q2 J3 X. w: X1 Q. dWe can see what is the best, when it is on its way up, worst?when it is prime(peak).
4 K5 J2 Q; w9 C( _) k5 A, z2 y) j# J" P' R! ?
So, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.6 H+ A1 W) U9 B: ~5 P Q% u3 D
Cannot it be $270,000? Cannot it be $280,000?
8 Y c# M( o# T6 x" y1 X7 NSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.# v, ?7 ~4 M" `
For me as a property investor, I will always tell everyboy, it is a good time to buy,) K4 M/ B2 K6 F v
For those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,5 m) R$ A# N+ v! V- I4 ~, U
then they will switch to my line and try to "HouHou" to push the market up.
( r- J3 L+ T- N% ^/ x
$ I9 [/ m: V6 K7 Q! j, rHuman weakness.
1 E7 d+ ]3 Q/ |1 I% I9 e: o6 a- x2 z' B! \# J8 i; e2 C7 e
Well, we are human, we have it. |
|