Is there a recession in the near future?

If you call recession long enough, you’ll eventually be right lol. Given that we’ve been in one of the longest bull markets in American history though...it’s pretty likely to end in the near future.

Future? Yes. Near future? Probably not, but nobody really knows for sure.

In the next 5 years, probably.

Unless you plan to sell in the next year, it probably won't impact you. Longer term, harder to predict

Nobody can time the market. Just enjoy while you can and make calculated judgements.

Which market did you buy? Curious to know where house prices are falling

We may be in a long term slowdown in future and not a full blown recession. That may involve: 1) stocks correcting by 10% to 30% 2) people in financial stress, but not foreclosing on mortgage because they learned from 2008 mortgage crises and have enough financial cushion. 3) lower car sales, but enough to keep the factories open. Last but not least, people living outside of their means will always suffer with little tightening of credit and some slowdown.

Just closed on a house recently and I too have a shitty feeling that I bought at the peak. But you just need to forget about the worry and just make sure you have a solid emergency fund to help carry you through the next downturn.

History indeed repeats itself. Including posts like this on Blind.

An indicator of recession is also the flattening yield curve. Either way, recession will come at some point. If you have the means to ride it out or even double down, you'll do well. Don't panic :) FWIW, I'm not a homeowner because these prices are cray.