[quote=FlyerInHi][quote=The-Shoveler]IMO the housing market is still alive and starting to shake off the cold weather.

Nothing to see here right now.[/quote]

Even is this were true, a young couple doesn’t need to over stretch to buy at a high.

Cyclical recessions (I’m talking cyclical recessions, not great recessions) always happen and price drops always happen. If one is young and one has the benefit of time, one is better off buying after a recession, not before.[/quote]

What happens if a recession is still 5 or more years off?

Very rarely does a recession cause a big enough housing price drop to make it worth waiting IMO.

The 2007-8 recession was an outlier event not likely to be repeated.