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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.
& B/ T2 z8 K9 P( z/ [+ |However, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.9 h5 h" S& u. q5 X' u8 `3 `+ G0 z$ v5 N
It is always better to buy when it is on the way up than it is on the way down.
$ U/ F4 o8 i0 k/ x' W: f5 P& a' H- U6 eFor example, the condo average price is around $240,000 this March, now it is $270,000.
7 k1 N3 Z1 K0 O0 f8 x9 HSay, 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 $240,000.
; z3 i6 v% B8 m6 u( o7 C: M" ZI will give it another 6 months if the market go down x months in a row. because house is not like stocks, it cannot go down too fast.
0 u" s5 {6 C7 i; G& z+ FIf you have purchased that unit this March, you will get the interest rate at 5.0. If you get it now, you may get 5.6. If you get it in 6 months,
* B& [1 \6 S0 o" ^( Vyour mortgage interest rate may have reached 6%.
6 _2 }. Z: D- R$ YHouse 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.+ T+ O4 }. a# A) F
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OK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,0004 n" J. U% I: P% V5 D
if you buy it now, $270,000, interest rate 5.6%. interest(4 years and 6 months) $68040 plus 6 months rent = $6000 (you may not get the same
' K$ K/ ?1 O# N' ~condo with $1000/month rent) Total: $344,0408 }9 l! A, h4 z8 N# s8 a' B
if you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,96005 `+ A! l+ M) R \, R3 s e
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
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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.
* V5 z) v- Q6 f* ]- D1 H# QCannot it be $270,000? Cannot it be $280,000?$ d6 ?' N4 d ?' ~7 w$ p' P' t
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
% M+ o( S/ G. I9 _# q- }For me as a property investor, I will always tell everyboy, it is a good time to buy,
/ M2 Y9 S- R) u' P$ VFor 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,, e. G. H7 `. d- A) \5 j6 ^
then they will switch to my line and try to "HouHou" to push the market up.
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( x* |) `% [: ~( aHuman weakness.+ I( y9 f; R2 w# P" C
. u8 W8 C' g* B1 ^; u1 pWell, 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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