Tonight, I received a phone call from a home builder representative. His name is Mike, he is sales agent for this new home tract I went to visits six months ago. He called me around 9pm tonight. I was quite surprised he worked so late. Basically, he told me on this weekend, there will be a special deep discount on all the houses for sale. The discount is as big as 20% with special in-house financing, no money down required, no closing cost, interest rate can be offered as low as 5.5%! Wow, I told him, this sounds too good to be sure. And Mike explained, "Yes it is a great deal, the builder is doing the year end sales push and want to get rid of all the inventories. While I think this is a great bargain, my gut feeling tells me to be patient. It's because I'm believing the price could come down even more in the next few months. So, I told Mike, I'm very interested, but I'd pass on the opportunity. I'm waiting for more and more mouth-watering bargain at a even deeper discount price pop out in next few more months or so.
Wednesday, November 7, 2007
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5 comments:
I do think it is a great time to buy house. If in the future i am success at investing, I would invest most of the money in real estate because it provide a stable income. Stock market is too volite, and it is hard to predict
The RS market drops so much, the stock also drops so much this week, what do you think about this?
Do you think the stock will pick up some time this year?
I think investopdia is good except it doesn't have a stop limit order. It is hard to catch the profit when it doesn't has one.
hi philip, check out stockcharts.com, it is excellent in terms of financial chart info. Very up-to-date!
I try not to predict the market, because no one can. Instead, I analyze exactly what happen the market every day and make decision based on today's market information. For now,it is definitely a bear market. Unless there is some postive news about credit crisis, otherwise, I believe we'll be in bear market for quite some time. So, Go Short!
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