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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.
( q1 h- m7 E) V. t- k8 v. Q. EHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.* p N7 ~8 [/ E9 P+ J( V7 G# |
It is always better to buy when it is on the way up than it is on the way down.
$ G& q1 m0 y% `: _3 E* n2 HFor example, the condo average price is around $240,000 this March, now it is $270,000.6 S& s8 P7 p9 |1 a
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 $240,000.
4 i. y1 P7 S+ t- W& y. c3 K) x% qI will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
& h* F( X$ S0 [1 l- L2 z# LIf 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,
' n9 d$ W* q0 K9 b' d+ [- r) P$ oyour mortgage interest rate may have reached 6%.
9 t6 O/ B2 [0 z N/ u8 [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( X8 j/ |' ~" B1 H9 b! ~2 k
7 [; O3 V" N: _2 YOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
. E$ Q3 e4 y5 L6 t+ L7 E" vif 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 $ I8 }8 ^$ \' V# m% Y
condo with $1000/month rent) Total: $344,0403 M& V; k) U3 N
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600, j0 I: L5 I+ T& y Z
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
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" I- i" f0 A' y/ @" Y5 OSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
+ \4 m9 L4 N4 N( rCannot it be $270,000? Cannot it be $280,000?
- F9 O8 ]' H! XSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.# A+ L* p, g. ~% V H8 o/ b$ C
For me as a property investor, I will always tell everyboy, it is a good time to buy,( z0 [$ p0 C1 H/ w
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,
4 A6 ^2 p5 e6 k: y! @then they will switch to my line and try to "HouHou" to push the market up.& Q: l9 n( @7 O% n* u) d
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Human weakness.6 m& e4 d2 Z( w! e7 t
9 H5 X# r; ^4 E4 O" N7 x- qWell, 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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