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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.3 [5 g4 [+ W, m& X2 b
However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
! t" M2 X- f7 s, g6 k! L& V( h% qIt is always better to buy when it is on the way up than it is on the way down.3 w# [1 i- W7 O. B/ t) `" m$ [
For example, the condo average price is around $240,000 this March, now it is $270,000.
+ W8 N# y! ]* h0 d8 c4 G( U9 _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.
! R; S2 c3 I- v( ?) Y6 l* nI 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.
$ V# z0 ?/ K7 F1 nIf 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,- R7 E6 r" a R
your mortgage interest rate may have reached 6%.
" |3 k" m* N+ b. z2 k* q* ^$ \' UHouse 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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" F6 a+ Q/ A# |OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000" S; K5 u6 ~) `! 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 9 W/ R5 p5 s+ R3 x
condo with $1000/month rent) Total: $344,040. q2 v# X' z* {) p
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
5 Y$ n% i/ k4 O0 D# @. O) UWe can see what is the best, when it is on its way up, worst?when it is prime(peak).3 w$ b! \) I. d: s% L, N
1 V/ @( T, T( H# U8 mSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000.
. O7 o2 y) B8 r& KCannot it be $270,000? Cannot it be $280,000?4 z! Y% U A1 R* }
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.) h: i& m8 z6 @1 V
For me as a property investor, I will always tell everyboy, it is a good time to buy,
1 r, V. i2 g- X" f, V/ B4 cFor 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,9 q7 } X& U. i# r
then they will switch to my line and try to "HouHou" to push the market up.
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5 |; h! C, G7 U/ HHuman 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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