Holding Pattern - Feels Weird. What's your plan?
TLDR: I went from aggressively investing constantly and deploying capital, to being in this weird COVID "wait and see" sellers market. I just started buying a year ago.
Covid created this insane sellers market, especially in my area. It's common to see listings for up to 100k over what they would've been previously. This is terrible timing, as we were finally planning to buy a primary residence! The goal was to get something we could live in for a little and then AirBnB. Now I'm afraid to touch anything, as these prices are clearly inflated.
To clarify, I'm *not* trying to time the market, but just really struggling to find good deals that actually make sense and I don't want to buy out of FOMO. I'd love to hear any advice folks have on this.
How are you buying during this sellers market?
Or are a lot of folks playing defensive and hoarding cash as a hedge?