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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.
! {: i2 E3 a1 h4 _& L5 LHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
, Y3 p& X# Y9 @0 x. y% HIt is always better to buy when it is on the way up than it is on the way down./ U7 z" j( {. Q% H4 b
For example, the condo average price is around $240,000 this March, now it is $270,000.6 h0 a' ?" Q( Y8 p
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 $240,000./ [% Z' _9 a9 K8 S& n& W6 P6 Q ?: e
I will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
6 }# O& G# g* i$ }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,
3 N8 }, h2 D: Q& cyour mortgage interest rate may have reached 6%.5 p% Z t. g! [5 `, |
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.3 i& ?" K- {3 W) l" t7 f# T
; j# a7 q4 l9 F8 b7 r# ]. WOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000$ y" [- T# Q& \+ {$ P/ v
if you buy it now, $270,000, interest rate 5.6%. interest(4 years and 6 months) $68040 plus 6 months rent = $6000 (you may not get the same ) ]/ q" D& u; X1 q# R$ z, O
condo with $1000/month rent) Total: $344,040
, k [+ \1 {8 {' f3 Fif you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600" |) J1 U4 B- y& A8 m/ }
We can see what is the best, when it is on its way up, worst?when it is prime(peak).- ^ H$ m$ D5 m- C, M
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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.( h/ @+ Q }9 d, ^
Cannot it be $270,000? Cannot it be $280,000?5 F/ ]7 _" _# Z8 F
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
$ |3 ~* J" i7 y7 M b# @8 gFor me as a property investor, I will always tell everyboy, it is a good time to buy,
* g: X. Y1 x0 Q: E' T7 RFor 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,7 c6 a, B* ?- O M7 ~
then they will switch to my line and try to "HouHou" to push the market up.
0 \* {7 D7 E) y0 K6 Q# z; U' U5 p9 |- P, z! {
Human 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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