When to buy

Crassula

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.
+ y, g- e' E$ j% B; AHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
It is always better to buy when it is on the way up than it is on the way down.
( v( s7 ?& h+ z3 \9 d3 L, R' qFor example, the condo average price is around $240,000 this March, now it is $270,000.
- h1 [: h: F8 _) E5 s3 ^( c3 M; A! ZSay, 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.
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.
% H, B: t5 u' R) ]# `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,
0 q, F: Y* `: k. Y: fyour mortgage interest rate may have reached 6%.
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.

OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000
8 T8 r/ ?6 U7 D& _! c+ U/ Vif 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
: c* n6 ~- U1 j3 q0 }condo with $1000/month rent)  Total: $344,040
: \9 Q+ \, e, ]) q0 \+ g, G) Oif you buy it next March, $240,000, interest rate 6%.  interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
# H4 @8 D3 P9 F) n) ZWe can see what is the best, when it is on its way up, worst?when it is prime(peak).
2 R2 n( @# ~# D5 B
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.
Cannot it be $270,000? Cannot it be $280,000?
; X3 l0 d. Q! g5 I# ]# sSo, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
For me as a property investor, I will always tell everyboy, it is a good time to buy,
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,
0 h+ s8 w! I% l" R; ethen they will switch to my line and try to "HouHou" to push the market up.

Human weakness.

: y/ c4 `& @) b' \* ^Well, we are human, we have it.

紫光

英文帖子一般没有很多人回。lz还是装个中文软件吧。顶一下。

yj151

Z

原帖由 Crassula 于 2007-10-13 11:58 发表
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,
3 K6 n2 j5 X! b2 A' f1 I: Mthen they will switch to my line and try to "HouHou" to push the market up.
. z7 `  M: [, n
& Z$ U$ c3 }' E1 k+ C6 k- OHuman weakness.
" \, R. b# q% b( o; T/ W* X
Well, we are human, we have it.

% u/ ^) O8 z: W6 z5 D呵呵，我不认为这是人性弱点。永远看牛或者永远看熊的，那是猪。

/ k/ ~) ~6 f5 q* {- u$ g能在恰当时间改变阵营的才是识时务者为俊杰。

Crassula

I hope you are not 猪, and can have house sooner and become one of us.

judyzh

) c- l; v+ |/ }! Z: ^' G8 ^7 @装不了中文软件也没关系，用这个：
http://www.o-cj.com/simo/index.php#

judyzh

原帖由 Z 于 2007-10-14 10:15 发表


0 H) l3 u% Q5 I; Z% j% z, H! H2 |永远看牛或者永远看熊的，那是猪。

8 i" p7 p8 P" r

! u( U* B& @3 X# v! }' K5 S

Z

原帖由 Crassula 于 2007-10-14 10:41 发表
$ H  a& U3 O! }7 BI hope you are not 猪, and can have house sooner and become one of us.

" E: w& g. {4 o; i0 F
" S+ K  Y7 c7 t7 MYes, I won't be bearish all the time.

I will buy a house, at the time and location of my choice.