Where are YOU looking to park your money?
For those of you that think we are back in a bubble: Have you sold any of your places into the 'increase'? If so, where did you 'park' your cash?
My issue is that between my wife & I we have sold 3 houses this year. They were the 'dogs' of the portfolio, but we made good money. We are prepared to hold any properties we presently have thru the next downturn/recession.
Now we are sitting on some cash and no where to really put it to work. Stock market is overpriced, real estate is overpriced, dont really care for becoming a HML (hard money lender) due to risk.
I feel this won't 'end' well. @Jay Hinrichs has stated that it is a good thing that prices are eclipsing the highs prior to the 'Great Recession'. And generally speaking, I agree. However, what I am seeing is unaffordability across the country. And because of the lack of affordability, I am concerned. Most of the new builds I am seeing are NOT 'everyman' houses, they are "McMansions", with high price tags. We appear to truly be going towards a 'have' vs 'have not' society. Our kids, saddled with zillions of $$$ of student loan debt, may NEVER be able to buy.
So, with that said, what is everyone investing in? I know PM is not the answer (yet).
Thanks,