I'm sure there are exceptions.Now the flip side of the coin.

We buy fix and flip properties with investors and are making great coin!!

We bought the coin op machines in our rentals.

The house was in denver, CO - in a neighborhood Northwest of city park a few blocks.The neighborhood is turning for the better, but block to block it varies

In other words once you have a temporary Co in your hand with a list of the violations they found during the co inspection, you should have no problems getting permits to make everything right. 

My current and past investments have been in “paper” – stocks, bonds, 401K, and also physical gold and crypto-currency.

My predictions for a couple of scenarios:Corona increases > second shut down > More unemployment > more loan forbearances > flood of business bankruptcy's and loan defaults > banks have big problem > fed bails out banks > some banks fail > real estate prices stay the same or go up until early 2021 > Fed will probably do another cares act and extent forbearance period > then it is possible the dollar will continue to devalue > then inflation will occur > real estate prices will go way up as dollar becomes worthless and banks fail > central banks switch from us dollar to Crypto > politically, either way the election goes we will have instability and unrest.

Whether this is another RE, stocks, bonds, Mineral rights, crypto currency is not relevant. 

On another note about 3 years ago we added a coin laundry in one of the units and man it's been doing quite well.

Throw some coin operated laundry in each unit to make up the difference if you fall below $1500 per unit.