As titled, I live in bay area, I have ~250k in cash since I started cashing out starting Jan this year. My goal has been to purchase a SFH (now probably a townhouse with the current rate), but I’ve got outbid a couple of times around 50-100k. I’m seeing the bidding wars starting to come back and I don’t think there will be any default in this economy just like how it was for many years.
So, what do you advise me to do? Put some money back in the market? Or keep holding cash and pull the trigger on a townhouse around end of this year?
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