We have already received a message from one of our small business tenants in a multi-tenant property that they expect all their catering to be cancelled and they don't think they can pay April rent.I expect we're at the start of a recession or at least a bad time because this will last for awhile and we have not personally been through a recession before. 

recession is a given, global depression is a maybe.

As we all know the Corona Virus will likely keep many people from purchasing properties at this time due to a possible economic recession.

I will be on the look out this summer since it looks we are getting into a recession.

It isn't the same because there are different problems this time, that may or may not affect RE, if we don't go into a prolonged recession we are likely to maintain the status quo, if we do the likely culprits to affect RE are oversupply due to people forced to sell because of job loss and a reduced buyer pool also due to job loss.

I thought it would come naturally from a decline in rates and a lack of competitive advantage among the larger lenders, but it’s clear the pandemic, and what’s likely to be a global recession, is now the driver.There are already a handful threads here from lenders asking how they can foreclose on the seconds they made.

With all the uncertainty over the (hopefully) near term pandemic, and the almost certain expectation of a global recession after that, I’m curious of your thoughts and your current plans to loan money.I suppose I could ask the similar question to the flippers out there about purchasing.

Even though I started in the recession and there was lots of inventory and I could take my time, there was still competition on most deals. 

We're entering a whole new world with this recession.

The government is trying it's best to starve off a deep recession.