I agree about hording cash sucks. I was under that assumption when saving returns dips below 3%. I’m already minimizing my spending as much as possible (well as much as I wanted to) and now, I’m in the accumulating stage for hard assets. The writing is on the wall. We’re not going to see inflation sooner or later and I don’t really care if my income matches inflation (although in our profession, I think it would), as long as hard assets and stocks outpace inflation. Lets hope for high inflation soon. Here’s for a 1970-80 repeat.
WRT to rates falling, I’m betting on that too. I don’t know how much worse inventory will be. In MM, there’s only 20 houses and 5 condos for sale right now. So, it can’t possibly get much worse. Those active ones are over prices as well, which is why they’re there. If it gets worse, that would mean we’d have to see price increase another 20%, because those lingering are 10-20% above market price today.
I’m going to continue this negative points refi for a few more years and hoping we’ll see a 1970 repeat after the $h!t hits the fan.
