The "Known Phase": Infection rate peaks.  

Soooo, multifamily investors are not somehow magically immune to comps or market forces as you seem to claim they are. 

Geographical location (high virus infection rate/low virus infection rate), did the majority of their tenants have essential jobs with no loss of income or vise versa, were the tenants that didn't pay have issues paying rent prior to Covid-19, did the landlord not show enough compassion or did they show too much compassion, was there a lack of communication, etc.  

It covers issues such as rental agreements, security deposits, prepaid rent, evictions, installment contracts, credit card interest rates, mortgage interest rates, mortgage foreclosures, civil judicial proceedings, automobile leases, life insurance, health insurance and income tax payments.

There are those that argue that manufactured homes are very different from actual houses in that they depreciate in value like an automobile.

Tenant is immune till end of Jan. 2021 (and longer if Governor Newson extends the moratorium). 

It’s important to understand that rent and buy decisions are often made in a matter of seconds by folks whizzing by the property in automobiles at 30 miles an hour.

From the CDC about the 1918 flu pandemic: "It is estimated that about 500 million people or one-third of the world’s population became infected with this virus.

So if you notice there is a difference here between a rapidly innovating and disrupting tech ecosystem model we have here in Silicon Valley versus what we have in the great city of Detroit where we had 3 automobile giants who refused to innovate.So I will buy into the bubble and the recession but I don’t think that the DNA of the valley matches the DNA of Detroit as a fair comparison.I would like to say if you go far enough back in history, the early days of the automobile industry in Detroit were not that much different from the early days of the technology industry in Silicon Valley.

Money Mustache has a blog about the economics of an automobile relative to your commuting distance to work.