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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.
- ?3 l" E/ j4 v0 \0 [However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.* P0 E# M2 B. C' S! ]
It is always better to buy when it is on the way up than it is on the way down.) Y, Y" i7 v6 ~, T3 b0 b6 H
For example, the condo average price is around $240,000 this March, now it is $270,000.2 K: n, Q3 f5 i/ X$ [4 d4 u& R" f# [
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." I% m8 u1 A b# H
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.5 j7 g, G D/ Q- i: }
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,
' F7 y1 q4 P5 Q6 Z+ v% byour mortgage interest rate may have reached 6%.
; a! b1 A8 p- d1 j7 k/ BHouse 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.; q& Y1 ]3 I" s) C% o8 o9 o
0 ~, J6 Q" k6 C- p7 s: ROK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,0006 \& f: G( ^: V- a; N
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 B; t: E, [2 l( v2 d& I% g
condo with $1000/month rent) Total: $344,040/ ^7 i. r% V$ _! {+ _- S
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
1 K8 J- ~* P9 O. M$ P& kWe can see what is the best, when it is on its way up, worst?when it is prime(peak).
( P0 A3 W8 S7 C1 f% ], m0 `# I/ r3 T+ b
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.
0 n: [2 v2 i L( W' w) Z% c) NCannot it be $270,000? Cannot it be $280,000?
: ~1 Y6 n4 F8 [9 b: [So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.) q- z( v) t* w! V X4 o* i
For me as a property investor, I will always tell everyboy, it is a good time to buy,
7 }$ t* y- Z/ v! o( iFor 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,; P5 D$ h+ M% `# i& {6 F7 @: g: d
then they will switch to my line and try to "HouHou" to push the market up. f* a2 n( S* R0 o% ]8 {3 w+ H
5 R+ L/ {9 a7 I# W" a$ r
Human weakness.
- i3 `4 B* c Q7 y6 i% Q7 }5 B' P0 k( e7 B4 m5 a0 U r
Well, we are human, we have it. |
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发表于 2007-10-13 10:58
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发表于 2007-10-13 22:39
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