I want to invest... but the houseing market right now

[Ethan McRae]

Hey all, I'm pretty new to this so forgive me if this is a dumb question.

I am interested in buying my first property in the next year or so. However, after watching 10 year treasury yield drop recently and with talk of a recession coming soon, I am hesitant about getting started right now.

My fear is that if I bought my first property today, I would be buying at the peak of a housing market destined to take a tumble in the next year or so and I would be stuck with an asset that might take many years to appreciate back up to its purchasing value or worse, never make it back to that value at all.

My question is if I should wait or if I should go for it since "no one can really time the market for sure".

Even if the market did drop right after my purchase, I mean, as long as I can pay the mortgage from rent and hold onto the property for the long run, everything should work out fine... right?

I would love to hear some opinions. Thanks a bunch!