Invest now, or wait for the correction?

[Kenny Hsu]

If you had the capital, would you wait for the correction or still invest now?

I understand local markets will drive the ultimate decision, but it feels like every market I look:

1) unemployment is through the roof in the last 4 months

2) mortgage delinquency is on the rise

3) rents are flat - but there have been many stories about landlords not being able to collect rent

4) housing values have not dropped yet and cap rates are still at all time highs.

I remember hearing about folks that made at killing buying during 09-11. I wonder if I shld just wait.

Thoughts?