That being said if consumers are spooked and stop spending money, that could tailspin the economy.

Sub2 stuck out but they might get spooked since they are traditional, private people - “don’t tread on me” navy veteran.My husband, being a veteran, thinks sub2 is wrong approach and would prefer using financing.

Water front mansions, no show highly paid board member positions in America and places like Ukraine.

@Heather Olson I had a deal I was working on for 5 months fall apart as my buyer was spooked about a recession.

The problem is that while the federal interest rate is 0 and Fannie and Freddie will continue to purchase these loans, the true reason that the actual mortgage rate would go down is an increase in demand of these loan from the secondary market (increased demand = increased price = decreased rate).Right now, investors are spooked, so the secondary market for these loans has fallen off in demand as people adopt a "wait and see" mentality for this outbreak. 

The hard part with exiting real estate now is investors seem to be a little spooked, just as they are with the market. 

I know retail investors are spooked.

Those individuals may get spooked and want their cash back.

On the other hand, we had a client pull out of a deal after her tech-industry stocks got hit hard and she got spooked.

I just allowed a local to book our cabin...They work in Gatlinburg and are from some Eastern European country originally (thinking Ukraine).