If you look at economic history, this "recession" will be followed by a period of inflation. Some people predict it will be real bad inflation, but then again, some people predict stupid things.
If it is going to have a period of high inflation and you don't own a home and you can afford to get one now that prices are low and loan rates are low, AND if your wages are likely to go up with inflation, it's a great time to get a house. You'll be paying it off more easily since your wages will be a lot higher.
