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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.
8 L# O' b* Y/ j- r- K4 EHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.2 p) n. Q" x; d& Q c( a
It is always better to buy when it is on the way up than it is on the way down.
9 I/ d: @& ~; S- _: Z0 nFor example, the condo average price is around $240,000 this March, now it is $270,000.5 P! ^7 Z, A0 p; L' s
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 q& [6 k! s# GI 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.
7 \. |/ H& D; E n8 d# fIf 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,
# _! X. w( @0 u3 k% Wyour mortgage interest rate may have reached 6%.
& P& |4 g# P4 b9 THouse 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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, ~8 o# I# O. e1 M5 p. V2 p# ~/ q8 qOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
2 z& T/ f4 D7 n- B( _- }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 # r9 ~0 T: S& F1 ]
condo with $1000/month rent) Total: $344,040
, I( b' ~) Y* E7 T) J3 Z+ _- \% yif you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
+ o* A2 j7 o6 c: l: xWe can see what is the best, when it is on its way up, worst?when it is prime(peak).$ @" c& x$ g4 M7 V$ z
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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 $240,000.2 Z& \) {' T4 D; O- p8 B" K
Cannot it be $270,000? Cannot it be $280,000?# W' f3 a6 }5 R
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.! T7 w: V7 Y- O% P w# L1 Z
For me as a property investor, I will always tell everyboy, it is a good time to buy, H; \5 \% J: b* A6 d+ Q0 i
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,. p* r+ z' ]1 I) |8 K6 X
then they will switch to my line and try to "HouHou" to push the market up.% e9 i8 a0 d2 u4 s
; y7 p5 B% J& k& jHuman weakness.- E% E1 S6 ]. Y; [3 r
3 D2 m1 O4 O. BWell, 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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