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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.! S$ K3 {+ B/ Q( s6 I
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 n5 ?$ M5 z# @8 u3 y
It is always better to buy when it is on the way up than it is on the way down.0 y. |+ m3 t* T. d0 _ ]
For example, the condo average price is around $240,000 this March, now it is $270,000.0 @; ?& s3 H+ w+ 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 $240,000.8 _8 B7 z/ \6 M, l
I will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.) N( u2 A3 C# i1 x4 D, x
If you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,
) e8 X* E7 {- \1 r* s7 W7 Myour mortgage interest rate may have reached 6%.& F- W6 L8 v+ ^$ \ }
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." a9 R8 l( y) y
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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
5 b) h( I; z! ^+ |* K t7 I- Iif you buy it now, $270,000, interest rate 5.6%. interest(4 years and 6 months) $68040 plus 6 months rent = $6000 (you may not get the same
, J, Q% S/ L( c$ ncondo with $1000/month rent) Total: $344,0409 o6 [# t' y9 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# f) k9 y5 r3 l m2 i( _6 c8 P5 ^
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
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; c0 k, R- I4 j2 N" [5 x" a/ y( Y0 o1 ]So, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.8 i# n8 I0 E+ P: d
Cannot it be $270,000? Cannot it be $280,000?. ^: {( ^! I0 a; ^8 {7 b
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine. t' C3 ^, o% o+ M
For me as a property investor, I will always tell everyboy, it is a good time to buy, [- ?$ l7 p; }! i# n
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,0 N+ o. P7 Z& o6 a8 I* C
then they will switch to my line and try to "HouHou" to push the market up.
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Human weakness.+ u0 z6 O$ T% n; f+ }
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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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