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<blockquote data-quote="MJ DeMarco" data-source="post: 936468" data-attributes="member: 1">I'm looking to dump cash into a large property that I can deem my primary residence, not as an investment, but merely as an insurance policy.&nbsp; If I get caught buying at the top, I don't mind losing a few million since it will be home I plan to live in for the rest of my life.&nbsp; Unfortunately, here's just a little insight into how CRAZY the RE market is. Saw a house in SLC that came up for sale.&nbsp; Mind you, it was listed for $4.8M and these higher price ranges (at least in the past) tend to stay on the market for a few weeks.&nbsp; It was a bit out of my budget but I'm chomping at the bit to unwind cash so I decided I would go look at it. Before I could even book a flight and get more details on it, it went Under Contract. Even in these high prices ranges, houses are flying off the market.&nbsp; Bidding wars are not happening just at the $500K level, it is now transpiring in the mid-7 figure range.In similar vain, I saw houses that didn't sell two years ago listed @ $2M now being relisted at $3.5M. Why not?&nbsp; If you can make $1.5M doing nothing in two years, can you blame them?&nbsp; But inflation is well contained. </blockquote>

[QUOTE="MJ DeMarco, post: 936468, member: 1"] I'm looking to dump cash into a large property that I can deem my primary residence, not as an investment, but merely as an insurance policy. If I get caught buying at the top, I don't mind losing a few million since it will be home I plan to live in for the rest of my life. Unfortunately, here's just a little insight into how CRAZY the RE market is. Saw a house in SLC that came up for sale. Mind you, it was listed for $4.8M and these higher price ranges (at least in the past) tend to stay on the market for a few weeks. It was a bit out of my budget but I'm chomping at the bit to unwind cash so I decided I would go look at it. Before I could even book a flight and get more details on it, it went Under Contract. Even in these high prices ranges, houses are flying off the market. Bidding wars are not happening just at the $500K level, it is now transpiring in the mid-7 figure range. In similar vain, I saw houses that didn't sell two years ago listed @ $2M now being relisted at $3.5M. Why not? If you can make $1.5M doing nothing in two years, can you blame them? [B]But inflation is well contained. [/B] [/QUOTE]

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