thanks for the advise

Thanks for your message. I really need to listen to balanced advise from both sides. It is very helpful to have someone dump cold water to hot heads.

If this is true, my plan works out greatly also, because I will not buy at all. I will jump into the market only if

1) There is a clear market trend, people start to bid for house, and the price go up 10% already, like the one I saw in 2001, 2002.
2) I have enough cash flow to support me for the worst condition. 10% downpayment.
3) I will not buy in the next three years. I am taking a break and accumulating cash.


However, I think if the market is flat for another three years, the income is going to catch up with the house price. The long term historical trend is very clear. Check my blog and see the historical data.

所有跟帖： 

• boy, you just don't get it. -故事新编- ♂ (937 bytes) () 02/27/2007 postreply 07:39:01

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• if you don't dare to dream, dream will never come to you -bayfamily- ♀ (0 bytes) () 02/27/2007 postreply 07:45:32

• how much (%) interest only loan do you carry? -wine- ♀ (767 bytes) () 02/27/2007 postreply 07:46:20

• I don't need money dream, you neither( see inside) (图) -故事新编- ♂ (96 bytes) () 02/27/2007 postreply 07:48:11