[chasemiller]

I think it's important to differentiate between domain name squatters and domain name investors. Squatters are typically registering trademarked names with the hopes of flipping them to the trademark holder, or registering accidentally expired domains names with the hopes of selling them back to the previous registrant (as in OP's case). This is wrong.

Legitimate domain name investors are typically investing in generic words, brandables, or exact search term match domains.

I used to get mad about domain investors having every name I wanted to use for a project, until someone analogized it to real estate investing. Everybody would open their store on Fifth Ave. in New York City if they could afford it. Unfortunately, storefronts there are very limited. This is basically what generic, one-word .com domains are (frequent sales of $1M+). Domain names are just digital real estate.