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.
; N% I' @1 b& {4 LHowever, they are so afraid of the high price then. Now they have missed a great chance to have their first property this year.
, U0 `7 a6 d# A, @9 y2 h& {It is always better to buy when it is on the way up than it is on the way down.
For example, the condo average price is around $240,000 this March, now it is $270,000.
3 }3 X* S$ g5 z4 |9 U! BSay, 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.
2 ^8 U* {( {4 i+ N8 A( ^5 @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,
$ V, O$ b# p$ a8 M& w+ ]your mortgage interest rate may have reached 6%.
6 M. l3 \% \7 |* l# O0 Y" iHouse 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:$300,000
: I$ r$ G7 D4 A! [  x" E/ q# |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
& |5 F/ z6 B# F+ c; P0 Dcondo with $1000/month rent)  Total: $344,040
if you buy it next March, $240,000, interest rate 6%.  interest(4 Years) $57,600 plus 12 months rent = $12000 Total: $30,9600
9 T6 d5 s0 t& kWe can see what is the best, when it is on its way up, worst?when it is prime(peak).

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.
$ U4 p' E5 x3 @Cannot it be $270,000? Cannot it be $280,000?
So, 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,
0 Z2 z. C1 S1 E3 h5 C: QFor 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,
$ a7 _2 |9 ?  I9 }" Ethen they will switch to my line and try to "HouHou" to push the market up.

: R  z- u: [8 a+ `4 k% r; lHuman weakness.

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,
/ m% o; I1 l4 `. _  k8 k; y" B6 C% Jthen they will switch to my line and try to "HouHou" to push the market up.

; @1 d! m' c% V8 bHuman weakness.
$ n7 h7 ?9 p- \1 Z
Well, we are human, we have it.

9 z( t. s6 U, ?" _9 ?4 M4 E) t
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。

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

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


  X; V8 K- D, u# I! C8 m, J永远看牛或者永远看熊的，那是猪。
. Q( ^8 P8 v7 m: M5 p0 {

% E% U$ L/ w8 ?' T3 Q

Z

原帖由 Crassula 于 2007-10-14 10:41 发表
I hope you are not 猪, and can have house sooner and become one of us.

5 y6 i* X  M4 P7 @( h, n1 b
( d# O8 F% A. c9 E) J: oYes, I won't be bearish all the time.

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