Looking for some advice from experienced investors/operators out there…
- The last 10 years, interest rates have been super low which has caused cap rates to compress in all assets. I believe we are headed to 0% again or possibly negative (germany, europe, etc already there). Will this cause asset prices to rise even further? OR will this cause a recession because of the uncertainty in the markets? Your thoughts
- With the above mentioned, do you wait to buy in the next recession or jump in now at low cap rates?
- During a recession, (08, 09) did cap rates go up for parks? Do you see that happening again in the next recession?
- I am currently making 2% in a money market (will go back to 0% soon), am I better off buying now at 5 to 6% cap rates, or waiting for next recession and scoring great deals on parks then? I would like to generate income off this cash I have. Seems to me everything is in a bubble these days getting ready to pop! Will this happen in parks as well, or are they recession/depression proof?