Investing before a market correction

[Yossi Goldstein]

Hi y’all,

I was talking to my partner today about moving forward with new deals, but he wants to wait until the correction/recession/depression swings in and prices drop (we are in the PNW, so I’m in general agreement — prices could drop a little:))

However, I still think there’s cash flow to be had before and while going through the correction. While we may lose significant equity, owning cheap housing during a crisis seems like a decent train of thought. After all, there will always be a renter in the $700-$1000 range. I think overall, we’d be “safe” (of course we would lose in some way, but I’m thinking net positively) since if a renter would move, another from a previously higher tax bracket would move in.

What do you think?