 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.
+ X8 _- i; e I7 {7 h: h# `However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.8 k& }& J* L3 Y# B* s5 _" z! ^7 P5 d4 L
It is always better to buy when it is on the way up than it is on the way down.
% E6 r) @. U9 c* Z4 _2 ~For example, the condo average price is around $240,000 this March, now it is $270,000.: {0 h9 ^ I- O9 Z; c( _
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 $240,000./ F2 q' T& X. J. P7 p
I will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
7 ~3 u I8 \& O0 g$ IIf 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,
. ]- ~" Y o# y% ?your mortgage interest rate may have reached 6%." G0 O& Z. m( [; \# |4 a7 A: G
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.
, M* X) P! D8 c+ r* w4 R n1 [+ z. r# B; w3 ^7 U
OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
$ X# a9 v+ w. k( g K2 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
- w- h7 ~% x9 Y8 w( [condo with $1000/month rent) Total: $344,0409 Y* i1 p+ F- e% e7 p, X5 x
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
0 q1 |% j$ S& T1 p$ ]4 kWe can see what is the best, when it is on its way up, worst?when it is prime(peak).# [0 C* Q' [. W$ }: u
3 M; `7 U9 N 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.
! r( @1 I# {& M! b! s6 rCannot it be $270,000? Cannot it be $280,000?" d% q+ f; r0 A. p/ p% m1 _* `
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine. A7 B. G: A2 f' z$ D' y( z% A- b
For me as a property investor, I will always tell everyboy, it is a good time to buy,. b: r. D4 X g2 R$ W: 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, i: K+ n# k- p
then they will switch to my line and try to "HouHou" to push the market up.
3 B# a% r7 F1 b/ @+ Z9 r0 Z5 {6 I/ ~, R% c' a
Human weakness.
/ L* }$ {( z6 g6 B9 m C: I! b$ x, K( l6 o( R& |+ n
Well, we are human, we have it. |
|
狗仔卡
发表于 2007-10-13 10:58
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
发表于 2007-10-13 22:39
楼主
