How has the Florida rental market fared in past downturns?

[Catherine Underwood]

With the Coronavirus causing Florida's theme parks to contemplate closing, there is a risk of Florida heading for a downturn. Even if the impact of the Coronavirus ends up being short-lived (as most are predicting) a downturn is always a risk.

How has the Florida rental market fared in past downturns? Did the rental market collapse with renters taking advantage of falling interest rates to become property owners? Or did the market remain steady?

I especially would love to hear from anyone who was renting out in the Poinciana areas in the last downturn, especially in the Duplex market.