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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.
% X- O) P. T" j$ j$ s9 y5 s4 aHowever, 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$ L0 LIt is always better to buy when it is on the way up than it is on the way down.4 v0 c+ {" R' ~4 }
For example, the condo average price is around $240,000 this March, now it is $270,000.1 W" P8 t. V/ l6 X
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 $240,000.
, o1 ]% _6 y1 z/ j* J. l) zI will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.) E/ ~! E% _# x1 ]* J
If you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,
: o) |" f$ a" Z4 Y( j3 R0 _# yyour mortgage interest rate may have reached 6%.% C- O+ p. ^1 ^! o- w, Q
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.
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! O: s/ H6 B' d% ^/ \/ |" u" e# S+ v8 a* dOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
# K3 W4 H. z9 p" _" H( q5 Uif 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
: L! I# @1 r! D! ccondo with $1000/month rent) Total: $344,040$ y3 M& H4 k2 }8 N
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,96004 ^3 v f F, z6 M5 N+ o
We can see what is the best, when it is on its way up, worst?when it is prime(peak).0 j4 h$ R) S" c& o5 R6 s! }& ^5 @
" E* w! k& D6 \$ kSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
7 r- H; w# _. |5 W4 BCannot it be $270,000? Cannot it be $280,000?
- [0 S9 `9 W9 ^3 {So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.7 }% `/ F/ {2 C0 E- Q/ m5 x% y% w
For me as a property investor, I will always tell everyboy, it is a good time to buy,2 d# A) O |2 K! n- H5 |
For those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,
, D$ m6 I7 t4 Gthen they will switch to my line and try to "HouHou" to push the market up.
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, t0 W& S* [ i$ aHuman 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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