Timing the market is usually but not always a losing strategy. The best variables to watch are the cost of renting versus the cost of owning. I remember by 20

Timing the market is usually but not always a losing strategy. The best variables to watch are the cost of renting versus the cost of owning. I remember by 2006 these costs had diverged in certain markets to the point where CAP rates were negative (you couldn't make money buying and renting 80% LTV property out). That was a pretty definitive sign that there was turmoil in the market. If renting is or becomes much cheaper than owning, then don't be afraid to keep renting and don't panic buy just to feel like an owner.