Is it a good time to buy real estate with possible recession?

[Lizzie Forrester]

I live in a good, affluent neighborhood in Queens, and I'm interested in buying a co-op, especially now since Amazon is moving into Long Island City. 

But with a possible recession coming in 2019, and housing prices up so much, is it a safe time to buy(even in Queens) or would it be wiser to wait? I'm not familiar enough with real estate to know if it's worth it to buy anyway, as the real estate will probably go up still over time. 

[Daniel Maciag]

You should read up on recession and even more so, depression. The two are very different, and in one case, you have investors jumping out windows and people dying.

In recession, you can hold through as long as fundamentals are strong. in depression or currency reset, my goodness, you will lose a lot unless you have loads of physical cash or hard metals in couch.