 鲜花( 0)  鸡蛋( 0)
|
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.
/ s7 b1 Y9 W( {2 [; t9 a" pHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.* _: g9 c% D1 L s
It is always better to buy when it is on the way up than it is on the way down.( p+ j; T1 O x8 U
For example, the condo average price is around $240,000 this March, now it is $270,000.
; i' o4 }" \# _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 $240,000.
* Y; Z9 G9 j( L7 C; ?I will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
3 @. l6 Y+ ^& Y7 n6 eIf you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,
2 `( W& Y3 t$ [your mortgage interest rate may have reached 6%.
8 X0 U) J' O: J# dHouse 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.
5 x8 K1 K J# `9 d% M- r3 d
2 J! P% s- K6 ]* R v( iOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000# I' n' Y+ t2 {+ _" y0 N9 L* ?4 s
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
1 f. `3 q ]: d& x8 R- p1 C% O6 J* a# Vcondo with $1000/month rent) Total: $344,0402 E; U! d: i( ?
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600, G: A# C- x3 [4 P( O. S
We can see what is the best, when it is on its way up, worst?when it is prime(peak).8 S! c3 Y# `* I+ ` A- W
; X* ]$ ?: J) t
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 ]& t2 Q2 o% d- ^& v+ E2 g" d
Cannot it be $270,000? Cannot it be $280,000?
8 i" l9 D) c ~* oSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.0 P4 b7 h; K, L6 Y8 g+ e1 P, y
For me as a property investor, I will always tell everyboy, it is a good time to buy,. V& t3 Y) r1 j+ P; H
For those without a house and try to buy a lower price one, will always try to convince people not to buy, then the market will go down,
5 \$ m8 M t0 F2 Z# e2 B6 Tthen they will switch to my line and try to "HouHou" to push the market up.
" G- P( h8 n6 h% u7 h* e; U- X5 v& `9 ~& W5 s6 Z$ P
Human weakness.
3 s" w# O( v. H0 \4 o) h. N E6 {* Z, \
Well, we are human, we have it. |
|