Saving for down payment

[Garrett Nuzzo]

Newbie here.... How have you seasoned vets been holding your cash when saving for a down payment? I am about a year and a half out from my goal and feel like having cash sitting in a savings account is a horrible way of letting my money do its work. I know a few people who have transferred money into CDs but wanted to get some other opinions and experiences. 

Thanks!

[Jacob Zinda]

If you are just getting started and do not currently have a home I suggest house hacking by buy buying a single family house or duplex, and renting out the rooms. This will allow you to only have to put 3.5-5 % down. Your saved capital invested faster especially in an expensive market like San Diego. If you are saving and don't want place you money in a short term holding like stocks I recommend starting a high yield savings account. This will give you a 3% return on money you have in the bank.