When to buy

Crassula

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.
) S4 }. d% Z1 X2 ~) SHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
It is always better to buy when it is on the way up than it is on the way down.
1 {5 u5 L! {8 `/ B1 S0 FFor example, the condo average price is around $240,000 this March, now it is $270,000.
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 $240,000.
9 E7 C' Q6 `1 i; }; L/ f& ~" T7 S7 tI will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
9 u" ^4 D. M6 L' T5 b) @If you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,
, }% |9 u9 S& {! }$ A8 \your mortgage interest rate may have reached 6%.
( ?3 P3 _- ~$ h1 iHouse 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.

OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
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
& c# Y2 ]2 ~8 Ucondo with $1000/month rent)  Total: $344,040
if you buy it next March, $240,000, interest rate 6%.  interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
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# W, W( s- _) x9 t. XSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
Cannot it be $270,000? Cannot it be $280,000?
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
* d, t: V9 m3 c( pFor me as a property investor, I will always tell everyboy, it is a good time to buy,
9 w' F: @$ ^2 a3 _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,
. W' |0 Q& s: r7 G4 Mthen they will switch to my line and try to "HouHou" to push the market up.
. r5 R5 Q$ z. [$ t7 l" _! ]- O
! N: [/ F+ B( @* X" Z: @Human weakness.

Well, we are human, we have it.

紫光

英文帖子一般没有很多人回。lz还是装个中文软件吧。顶一下。

yj151

Z

原帖由 Crassula 于 2007-10-13 11:58 发表
0 j4 j: b, G6 V: `* t* kFor 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,
" F$ y9 p( s* N$ M* V4 tthen they will switch to my line and try to "HouHou" to push the market up.
/ @+ g( I1 o4 d& n- Z: _
( z  r  c. a8 m4 X1 j( g' MHuman weakness.
% \% v  N: G2 Q: `# b+ w0 Z
Well, we are human, we have it.

$ K7 C- M3 F3 F* k; _# N呵呵，我不认为这是人性弱点。永远看牛或者永远看熊的，那是猪。
4 ^5 D8 p( k, A4 ?% q/ ]$ L) k
& h6 Y) m! s7 `7 `能在恰当时间改变阵营的才是识时务者为俊杰。

Crassula

I hope you are not 猪, and can have house sooner and become one of us.

judyzh

' N' \" Y3 e! \( a6 Y# B装不了中文软件也没关系，用这个：
9 i+ l( G8 H0 U' F$ y) U0 Jhttp://www.o-cj.com/simo/index.php#

judyzh

原帖由 Z 于 2007-10-14 10:15 发表


' H. x- ^" p& c5 u1 E6 ~永远看牛或者永远看熊的，那是猪。
$ j& ?* s" P; I7 I* Y2 |% y

8 g6 [6 ?" k4 H+ U

Z

原帖由 Crassula 于 2007-10-14 10:41 发表
I hope you are not 猪, and can have house sooner and become one of us.

; ^; Y+ E9 a0 a7 o& J
Yes, I won't be bearish all the time.

8 r* F. \( r; t& E& bI will buy a house, at the time and location of my choice.