Everyone thinks a housing crash accompanies recessions, but....fun fact....of the last 5 recessions (including the Great Depression), only 1 of them had a housing crash associated with it, and that was the 2008 crash because the entire thing was due to the mortgage crisis.

Good thing, with the Pandemic, my wife is nervous about doing an eviction, finding new tenants.I acquired my conservative investment style from my dad, who grew up during the great depression, 1930's, where grandpa lost most of his fortune, the major one when the bank he did business with closed up, and back then, no FDIC or insurance.

It is depressing to continually see the few decent deals on Zillow and Redfin vanish.  

If it's in good, rentable shape, it's got to be in a terrible neighborhood or a depressed area with little or no job advancement opportunities.   

I grew up in a relatively depressed / rural area which likely (assumption based on experience) would have a number of motivated sellers.

I get this from prospective tenants all the time that "I have no criminal convictions", and then they come back with two dozen traffic violations, contempt, disorderly conduct, etc.I agree that the best candidates here are staying put unless they have to move.   

And, as long as some percentage of the population remains wary of crowds after the economy opens up, it will have a depressive effect on the economy, and that will ripple through the economy negatively.It's hard to recall now, but if you look back at the Great Financial Crisis, you see many economists and politicians denying that we were in a recession, and then denying the recession would last long; denying there was a housing bubble, and then denying that there was a housing crash.I think it's just too early to make any solid predictions, other than long-term trends continuing or accelerating where the driver is cost savings.Though I would buy a heavily discounted multifamily property a block away from an Amazon distribution center right now. . . .

Here's how I did it.Truth is I didn't have enough forethought as to what retirement would look like, so I got really bored and slightly depressed.

That won't end just because the economy opens up again, because what we're going to see is that economic activity is still depressed - from a combination of the businesses that have already failed and the remaining caution about going into crowded places.  

The predicted recession revolved to a worst recession since depression.