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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.& ^# a: l S) ?8 |; v
However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.! _4 V/ z' Q6 R& z+ m
It is always better to buy when it is on the way up than it is on the way down.
) j3 m& Y. ]! U* ^) CFor example, the condo average price is around $240,000 this March, now it is $270,000.
; Z K; {6 n! I e* k6 aSay, 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 $240,000.6 ?; M( M) u, B0 h" B; ^" O! U
I will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
3 K* l& n) W2 B2 u+ pIf you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,
8 e- a2 M. i" f& l" [% ~6 P$ fyour mortgage interest rate may have reached 6%.& q( N; y8 n& i) j( b
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. N( n3 }: E9 M/ B
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OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000$ W7 N2 H( ?0 Y( ?: J% f
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 0 S6 y+ |1 ~' ]7 |* z% z' f# j# W2 a5 M
condo with $1000/month rent) Total: $344,0403 P. s* |& W! {: A5 o) v0 R
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
4 O% \" ^: O& C1 jWe can see what is the best, when it is on its way up, worst?when it is prime(peak).
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+ u; H- q: k$ U" U3 |2 \, s' U ySo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
1 C6 D v6 w n/ [1 ], @Cannot it be $270,000? Cannot it be $280,000?8 X- A! |. D& G' V- J4 ?0 J
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
$ a" |3 r) H8 QFor me as a property investor, I will always tell everyboy, it is a good time to buy,
8 R% s& X d8 A4 ZFor 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,8 M* S! R/ v0 d
then they will switch to my line and try to "HouHou" to push the market up.
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! X/ u& N1 P( j; ?; G9 HHuman weakness.
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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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