Who’s hoarding cash and waiting for the next crash to be here?

[Jian G.]

Anyone preparing for the next crash and strategize on how to maximize return on the next cycle? It's getting harder and harder to find good deals it seems. A lot of sellers are priced at that "perfect" asking price. For those who are hoarding their cash and waiting for that big move, any advice? We are thinking about cash out refin on all of our properties since most of them have very high % equity in them and along with holding off of any investment now so we can have a large sum of capital to buy when the market adjust itself. I know it's hard to speculate in the real estate game and i know when we buy high and have enough CAP EX we can get through the cycle. But the point is maximizing the return and it just so tempting to just hold off. What's everyone's thought on this?

[Joe Villeneuve]

I hope everyone takes your advice.  That way, while I'm still investing in bulk, I have no competition.