A Theory On Why Multifamiliy Won't be Affected By Covid

[William Coet]

 Correct me if there are things I'm missing, but here is why I think this situation is different for multifamily than any other recession.

This is not like any other economic crisis because the gov immediately decided to pay everyone to get through. People are receiving money directly into their accounts through the stimulus checks and an additional $600/week on top of their base unemployment payouts. Many will be earning more than they were while working. Gov. is saying these enhanced payments can continue for 39 weeks. They will likely be willing to continue longer if needed.

Nothing like this happened in any other recession or 9/11. The Average person was on their own during the 2009 crash. Now they are supported by government payouts almost immediately (some may have to wait for payments, but they are coming)