Housing Market Decline?

[Seth Firestone]

Me and my partner we're planning on looking to house hack our first property sometime around December.  One of my co-workers mentioned that there might by a decline in the housing market and that we should wait a year or so to buy any property.  Does anyone have any thoughts on a possible decline in the housing market? Should we wait a year like my co worker said?

[Brian Medansky]

That's definitely a fear, however if you buy right where if you were to move out and it cash flowed a decent amount, then it really shouldn't matter too much. If rents were to be say 80% of today's market value, and you're breaking even, then you're probably fine. You can make money in any market cycle, you just need to buy right, and it takes more time in finding the right property.