Mortgage rates are looking great but I'm obviously concerned over the pending recession from the COVID-19.

The federal reserve started doing stimulus months ago and already spent more than during the housing bubble recession. $1T is the tip of the iceberg as far as what is going to be spent.

I'm just not ready to pay pre-recession prices while we're staring off the edge of a potential cliff in the RE markets. 

Will the low interest rates counteract the job loss and recession that is bound to happen?

Certainly no disrespect taken, I do actually plan to offer my (7) units currently under renovation on the section 8 website as a mitigation strategy for a prolonged recession (which I hope to God we don't have).

This recession is different than 08, it was caused by a real estate bubble, people have way more equity in there houses now and the government is offering a moratorium on foreclosures for 60 days which helps. 4.

As this virus/recession is beginning to unfold, we all know the risks with tenants not being able to pay rent.

Smith  said... tomorrow starts the last full week of 2020Q1 and layoffs this coming week could easily surpass the worst of the GR (Great Recession) monthly totals.

There a a bunch of other good submarkets that I didn't mention.Lot's of uncertainty at the moment with the oil price wars, COVID-19, and new recession which can lead to opportunity. 

We are entering the recession everyone has been wanting for years.