I would not Buy property in Miami right now, especially with the Condo Crisis.

American’s Net Worth is UPTotal net worth for the bottom 50% of folks is UP big time, and has been since the Great Financial Crisis, but it took 13 years, until ~2019, to get back above 2006 levels.

We had 9/11 and a pandemic and a Great Financial Crisis but none of those even came remotely close to the Spanish Flu or the Great Depression.

There are hotels doing 400-600% more revenue today than they were doing at the bottom of the crisis.

Most residential remodeling in all of CA is done without permits, long before this "housing crisis".

But they (proportionately) got significantly better since the Global Financial Crisis, when their unemployment rate was above 20% and their young employment rate was way higher.$60 to $120 for a room isn't bad.

I wouldn't expect much pullback in price unless there's a 2008-style crisis. 

In other words, idiosyncratic and structural factors that came to the fore in the backwash of the Covid crisis have propped up job growth despite growing cyclical weakness.Sectoral insightsEven though the service sector accounts for over 86% of nonagricultural jobs, compared with under 14% for the goods-producing sector, the latter is usually responsible for the lion's share of job losses during recessions.

They were having trouble with their third party payment service before the current crisis but I wonder if the problems they are having now has something to do with them not handling customer payments properly (not putting in a sort of escrow account). 

Trying to understand the market in Lee County and how it is reacting to this crisis.