Let's say you get a mortgage and their is another housing crisis in the time frame you take that mortgage and you can no longer rent it out for the cost of that mortgage then you have to take funds out of your household to pay for it or even worse you can not afford it and have to let it go then you ruin your credit and you lose everything you put into it.

I'm interested in possibly rehabbing an older house and adding an ADU since the city has become very friendly to those to combat the housing crisis, even removing the parking requirements in many areas.

One of the ones who has constant problems with bills actually wrote back saying if any of my other tenants have a crisis with supplies (TP etc) they would like to help.

The current crisis may make it harder for some but real estate will always be needed.

Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

Plus it is probably the safest bet as well with priced dropping no more than 2.9% in its history and 1.9% during housing crisis. 

For the large institutions they cannot start foreclosures until 2021 at the earliest and they are not efficient so any foreclosure “crisis” is not going to occur in the next six months.

And the global health crisis is getting worse, so I’m not sure why anyone would think we are out of the woods yet.What happens when commercial real estate collapses and hundreds of millions of square feet of office space is converted to housing in cities?  

He could single handedly end the real estate crisis!

Have you heard of the financial crisis where bankers stole billions from the American public?