First time home buyers / Residential home

[Lixmar Moffett]

Hello everyone. I always wanted to start learning about real state and investments. Last week, I finally decided to start educating myself about real state, and I found bigger pockets! I don't have a lot of knowledge and I'm just barely learning how the economy and the housing market works, so I apologize in advance for my ignorance. 

My husband and I are under contract for a 2bed 2bad 265k condo in a developing area in Utah. A lot of tech companies are moving to this location.We want to potentially rent this property out after we pay it off. We locked in with a 2.95% interest rate for a 30 year loan. We did the math and we think we are going to be able to pay it in 10 years. We would be still be able to save around 25k per year. This obviously won't be an investment and we won't see cash flow until we move out, but we see the potential that this property can have in the long term. Again, the area is booming with tech companies. The monthly payments (without the extra payments) are little more expensive than rent. I would say by $200. We would rent in a cheaper area or apartment, BUT we own pets, so it's super hard to find cheap deals. 

The market will probably crash and we are not sure if we should pull the trigger right now or wait. We fear that a lot of smart investors will have the money to pay properties on cash and it will be almost impossible to find a house... So we were thinking to still buy this property and since we can still save money, be ready to have the down-payment to invest in a duplex or a SFH during the market crash

What would you do? We would really appreciate your input on this! We know that buying this condo might not be the smartest idea with a market crash coming, but we don't think it's a stupid idea. Is it? Especially, if we want to invest in real state in the future? We are open to any suggestion! We literally don't know what to do. 

Thank you for your time!