When to buy

Crassula

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.
' |) j4 A. K' D9 ]7 e3 NHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
1 a9 o. ]& K0 i# ^% aIt is always better to buy when it is on the way up than it is on the way down.
8 O) D5 l- w' m2 j0 `) l) F" M! [For example, the condo average price is around $240,000 this March, now it is $270,000.
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 $240,000.
I will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
% q- W+ Y" t5 n) M, f' AIf you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,
your mortgage interest rate may have reached 6%.
2 T# U$ v" O) X$ w- n$ F' p# sHouse 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.
7 e. |2 a; B- r7 ^7 |0 e
' v; ~7 P' l) I5 H! u. h0 rOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
, q: G. a0 k& \1 q: Uif you buy it now, $270,000, interest rate 5.6%.   interest(4 years and 6 months) $68040 plus 6 months rent = $6000 (you may not get the same
; e2 s; D' G$ R1 Ncondo with $1000/month rent)  Total: $344,040
! t; N) Q* K1 N* _: wif you buy it next March, $240,000, interest rate 6%.  interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
7 k1 ~4 u0 G  G& E# K0 CWe can see what is the best, when it is on its way up, worst?when it is prime(peak).

! t- `  @" b8 i  x: [: [$ t9 e' CSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
Cannot it be $270,000? Cannot it be $280,000?
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
$ d$ Q( R- O% M9 rFor me as a property investor, I will always tell everyboy, it is a good time to buy,
$ e5 b2 U6 X- h! D) v# @7 kFor 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,
% Y, P/ A% M9 T3 c( T& o% ithen they will switch to my line and try to "HouHou" to push the market up.

Human weakness.

* M' r: w; e+ k' H$ a+ N3 pWell, we are human, we have it.

紫光

英文帖子一般没有很多人回。lz还是装个中文软件吧。顶一下。

yj151

Z

原帖由 Crassula 于 2007-10-13 11:58 发表
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,
5 p2 ]1 d, ]9 ^. c0 z3 qthen they will switch to my line and try to "HouHou" to push the market up.

Human weakness.
' W% L5 E: s# v) M% |( U8 C( P
Well, we are human, we have it.

呵呵，我不认为这是人性弱点。永远看牛或者永远看熊的，那是猪。

能在恰当时间改变阵营的才是识时务者为俊杰。

Crassula

I hope you are not 猪, and can have house sooner and become one of us.

judyzh

装不了中文软件也没关系，用这个：
http://www.o-cj.com/simo/index.php#

judyzh

原帖由 Z 于 2007-10-14 10:15 发表

! h/ m  i. H3 X7 b& \$ F$ b
永远看牛或者永远看熊的，那是猪。

Z

原帖由 Crassula 于 2007-10-14 10:41 发表
  w) T% ?; s* d! u$ K: m* qI hope you are not 猪, and can have house sooner and become one of us.

7 O3 ]3 ]( Y; t! g" O; v; F: nYes, I won't be bearish all the time.

I will buy a house, at the time and location of my choice.