Douglas and Corina Vanek – Phoenix Business Journal8 hours agoThe last time the U.S. economy was in crisis, terms such as “jingle mail” and “extend and pretend” became commonspeak among the thousands of men and women earning their keep in the commercial real estate sector.

And tackle that honey-do list at my leisure. 

The one caveat to this is the landlords who deal in the Specialized Sector of Low-income housing, I don't deal in this space, so I'm not sure what the expectations are in this client base.One of my brothers an Accounting Clerk, got let go on Friday, he received a payout for his accrued vacation days, and all of his unused Sick time, with that large check, and the incoming unemployment checks, I have a feeling his landlord in North Hollywood will be getting paid the rent

Almost immediately, all of them were rented out again; albeit, at massively discounted rates, but to a different demographic: people who HAVE to move or find a place for the medium term and not just people traveling for leisure.

One which shifts employment to these sectors of remote convenience, increases automation processes and further encourages the use of online or delivery services. 

PS this product could do well in the private sector but private folks are going to want 12 to 20% apr returns.. so you would be taking a big haircut to sell a partial.

As far as RE diversification I would look at it by sector: multi family, residential, commercial, industrial and self-storage.

Its likely accurate to assume the hardest hit by Covid-19 (economically speaking) is the low income or lower middle class workers in the service sector. 

@Matt HigginsI don’t think we were even close to that in the GR and all sectors were getting hit real hard.

Whenever the economy tanks, leisure, travel, and restaurants are the first to go.