“So it sounds like the worst thing one can do is holding stuff in cash like 1% CD and just waiting 5,10,15+years”
Tough call man. Obviously we are careening down an icy road with no brakes. Monetizing our own debt… it is all a recipe for disaster.
In part the flip problem we have is due to the fact that there are no returns available. When we did our flips we had a 20% target. We got out when our last deal yielded 7 or 8%. Now I see guys happy with 5% as a target! They have groups of people who are happy with that as well.
There is no place for the money to go. Can’t buy bonds… These days to make money on equities you have to be good at that rigged game. Returns on flips are tough now. Rentals are okay but you need to find the right market. Precious metals… maybe but I don’t know.
I don’t have an answer for ya dude. These are uncharted waters for sure.
