Something I knew but nonetheless seemed to have buried deep in the recesses of my mind...but I called a bank today about getting pre-qualified on a mortgage for a new primary residence.

It was a special provision for the recession only.

Maybe not to the effect of 2007-2008 financial crisis, but I see another recession on the horizon.

Would it be better to wait a couple years for the next recession?

Personally @Aaron Heers I had problems being in RE and being an investor as RE was an unsteady source of income when recession hits.

I am serious.. happens more than we know.I have a lot of Airline pilot buddies who retired.. and they usually have about 2 mil in cash at the end of the career of course many have more and some have less but 2 mil in cash correctly invested and your personal residence free and clear can usually make a nice retirement.I know for me everytime I get real close to my cash goals we have another freaking recession and I get knocked on my butt yet again. 

I was buying a property a month from 2004-2007 and that got me into a lot of trouble when the recession hit.  

The returns are not super but are incredibly recession proof while also being hypersensitive to inflation so an upturn in the economy generally has a heightened impact on food/commodity prices which can boost your return quickly in the near term.   

Since the 2007 recession, the states home builders and apartment developers have undershot household formations by 128,000.”

Certainly not to head a recession.