Should I be waiting for a crash?

[Julien Amparan]

The other day I was helping my brother-in-law pick up some furniture and I got to talking with the woman he was buying it from. The woman said she was a property manager and real estate agent so I told her that I had been interested in getting into small multifamily rentals and what she told me surprised me a little. I live in Texas very close to Austin so it was already pretty common knowledge that right now where I am is a "seller's market", houses are being sold for far more than appraisal value  and are even getting offers far surpassing the listing price so home buying is a tough process here right now. But what threw me off was when she suggested that I should wait until the market crashes to even think about buying a property. She even said that any agent that tries to sell to me right now is not looking out for my best interest. Now I understand where she was coming from, but one thing I have had hammered into my brain since I started listening to the BP podcast is that the lights aren't always going to be green and that trying to time the market is a waste of time. I just wanted to hear some other thoughts about this encounter and see whether you guys agree with this advice or have anything to say about it