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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.
& n. \9 o N: _; G4 e! JHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.$ S: F1 ^* n+ D
It is always better to buy when it is on the way up than it is on the way down.) H; a( e$ y( H9 P3 f& S
For example, the condo average price is around $240,000 this March, now it is $270,000.
! C7 o# \# O7 ?" h5 p9 PSay, 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 $240,000.8 K( T# K& H% S9 y2 B
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.. }4 ?% l3 t6 b) e
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,
$ P! Q+ @! D x a' F$ T: F+ ]your mortgage interest rate may have reached 6%.; L% T/ Z' _, U, Y/ Z
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.
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- }. |# [9 E1 pOK, if you bought this March, $240,000, interest rate 5%. Best deal, total interest in 5years $60,000 Total:$300,000# S! E' B6 V1 t1 E; y$ x
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
. @' L. H# `( }& j1 q; U1 Hcondo with $1000/month rent) Total: $344,040
7 G6 |7 Q) `" K0 Qif you buy it next March, $240,000, interest rate 6%. interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600, ?( M9 t4 K+ m" o$ ]8 S& x
We can see what is the best, when it is on its way up, worst?when it is prime(peak).
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6 l- c6 O) k4 K* rSo, those who have waited, may have to wait another 6 months. However, who can say the price in next March will be $240,000., L" @7 i6 V' S! _% o5 U9 S0 T: \
Cannot it be $270,000? Cannot it be $280,000?' b/ g4 {5 ^* Y8 w
So, when to buy, it is always a puzzle. If everybody know when to buy, what is the world like? cannot imagine.
* B0 e" p3 }: H$ u; Z$ ~2 L+ {5 sFor me as a property investor, I will always tell everyboy, it is a good time to buy,: f7 n. b+ J+ a
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,: F3 q) m9 a# Q
then they will switch to my line and try to "HouHou" to push the market up.
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1 }! i7 t+ [$ X6 c4 aHuman weakness.3 |+ F5 H. A$ x2 S/ D, E
' h/ p, `! _2 Q# K2 }- `3 H, rWell, 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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