Recessionhttps://www.ocregister.com/2020/03/16/coronavirus-pushes-u-s-into-recession-california-to-be-hit-hardest-ucla-economists-say/Oilhttps://www.biggerpockets.com/blog/coronavirus-harm-real-estate-market-oil-price-warCovid-19https://www.kcra.com/article/newsom-more-than-half-of-california-projected-to-contract-covid-19/31791343#We are in a systematic designed destruction of the world economy, the FED [and all central banks in the world, follow same gameplan] is going to become the buyer and seller of last resort.

With the current issues, remember in the last recession Bear Stearns collapsed in 2008, but we didn't hit the bottom until 2010/11. 

I've heard from multiple sources that banks did cut-off access to helocs during the 2008 recession.

For that reason I don't expect federal help with this, just like they didn't in the great recession. 

They'll get above 20k again once we're coming out of the bear market and recession. 

I published an article on the BiggerPockets blog yesterday with 7 lessons I learned as an investor who owned properties (flips, rentals, notes) going into the 2008-2009 recession.

Real estate prices remained stable throughout the last 3/5 recessions.

I was just looking at charts from the 2008 and the Dallas market seemed to be pretty insulated from the Great Recession.

This implies you do not take the extra money obtained in the refi and squander it unless you have reserves to handle a Great Recession event (which this virus may be a GR like event).Take the money now, but if you do not have sufficient reserves consider using it to build those reserves. 

Is an empty unit better than a tenant that can't pay rent at this point in the recession?