Are you buying now or waiting to buy at a dip?

[Jack B.]

I bought a new primary residence on a lake, with a MIL apartment because the deal was too good to pass up; low rates, lake house with private dock and boats, MIL apartment to subsidize my expenses if desired, close to everything. The price was right too. 

I'm not buying anything else right now unless it's a GREAT deal. Prices are still rising here, but with more states shutting back down and a wave of evictions and foreclosures on the horizon (things are moving slow right now due to moratoriums) I think prices MAY dip. While interest rates are low now, they will remain low or go back down when/if that dip happens to stimulate the buying again. So right now I'm just watching unless it's a killer deal. 

I'm waiting for a dip also to 1031 some of my properties again. The only question right now is whether I should cash out REFI any of them. I'd get a lower rate and sit on even more cash waiting for buying opportunities that are not time contingent like 1031 exchanges are. Only downside is tax benefits go down and cash flow goes down. Thoughts?