The biggest advantage of real estate investing is the easy access to cheap, reliable leverage. This is absolutely not a good time to get into a business that requires debt 4x higher than equity to make money.
can you elaborate a little more?
I'd disagree that it's a good time to buy now, as prices are still high. But if prices start to decline substantially it will be a good opportunity, as you can refinance a high rate mortgage during low rate periods (like many people did in the last few years)