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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.
1 @. _4 P, S6 b) s; Z5 a& u4 RHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
* j6 l3 h* l5 ?2 ~& l6 {+ \) JIt is always better to buy when it is on the way up than it is on the way down.# M& K: q% x& {, ~, W5 d9 b
For example, the condo average price is around $240,000 this March, now it is $270,000.: S: ?. ~3 k% W
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 $240,000.0 f$ ]( |+ a* W2 M8 I( G1 j
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.+ o4 W- e) E, n H8 Z/ R" 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,
1 `1 r# z" G: ]2 a$ P7 E2 a" Vyour mortgage interest rate may have reached 6%.
2 B6 W2 ^$ ?7 p) g# v' o9 mHouse 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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OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
% m4 o& d0 |% w- {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
4 W2 s* p2 U; n1 S8 `condo with $1000/month rent) Total: $344,040
$ ~ C: ^) w. J wif you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600, v+ @$ n. h5 s$ Y! h0 s
We can see what is the best, when it is on its way up, worst?when it is prime(peak).# y3 c* K' N8 }) T7 r0 E
+ }- `2 t; f/ h5 N4 Q2 RSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.+ t+ _1 [& N& ^$ V: T1 G; k& i
Cannot it be $270,000? Cannot it be $280,000?3 d. t; G& h' G5 D* j# B
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.* q) z: K7 O$ U, V7 {
For me as a property investor, I will always tell everyboy, it is a good time to buy,
: {6 G% j5 i9 Q) jFor 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,6 w- ]5 N9 ]- \/ S/ \9 x/ d( _0 K
then they will switch to my line and try to "HouHou" to push the market up.
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Human weakness.7 l7 n" O/ s4 t* |
2 F. v. Q6 ~9 @2 T3 DWell, we are human, we have it. |
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狗仔卡
发表于 2007-10-13 10:58
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发表于 2007-10-13 22:39
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