Is Getting into Single Fam Home Development a Bad Idea Given the Coming Recession?
Seeing that many think there is a recession projected to hit in 2020 (ish), would getting into single family home development be a bad move? I have a potential job offer to manage single family home development at a growing company in a city that is hot for RE (think new Amazon HQ...), but I'm worried the coming recession will put me out of a job, as development is likely the first place to see negative effects.

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Thoughts?
[{"id": "eh8yjjt", "text": "Could be the best time or the worst time to get into development. The highest prices and profits are to be had at the peak of the cycle, but that's because there's the highest risk that you deliver a quarter or two late and get caught holding the bag. If risk's not your thing now is not the time.\n\nTypically it's best to start building when no one else is because you know your product will be hitting the market when everyone else is just starting to build. Obviously that takes capital and extreme patience. ", "replies": [], "depth": 1}, {"id": "eh8yjmd", "text": "following", "replies": [], "depth": 1}, {"id": "eh8yzn2", "text": "What indicators are you seeing that points to a 2020 recession? What additional market knowledge do you have that the developers don't have, given that predicting future demand is a huge part of their business? \n\nThere's really no way you (or the developers) can predict what will happen in 2020. If we will have a recession, a lot of industries will be hit, so are you going to go into government service or healthcare or something more recessionproof instead? ", "replies": [{"id": "eh9yha8", "text": "[housing stocks and etf decline](https://www.cnbc.com/2018/10/09/housing-stocks-fall-into-bear-market-as-interest-rates-climb-to-multiyear-highs.html) \n\nThe fact that the fed acquiesced to the falling equities markets in December and committed to lower rates to prop up valuations\n\nLook at Jeffery Gundlachs opinion on bonds and yield curve.\n\nPretty sure these are all leading indicators, no one can call/time the recession correctly, but all the signs are pointing towards one. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "eh906ch", "text": "In some recessions the price of real estate rises.  Predicting the future is very hard.  ", "replies": [], "depth": 1}]