The only market segment we’ve seen slow down is the super luxury price range, which was already happening before, and anything $2M and under is still a strong seller’s market (at least here, not sure about your market but I think they’re similar).

If you want to provide tenants the luxury of a disposal, then be prepared for materials and labor costs of replacing them every 2-5 years.

However it doesn't make sense to buy an expensive "luxury" house that would not make a good investment in an area that you don't want to live in long term.

I heard luxury houses usually go down first, but with this virus putting so many people out of work, it leads me to believe there will be some tax sales to look out for

Or you could just leave it there, go military on that debt over the next few months, cut your lifestyle in half, no spending, no entertainment, no luxuries, just paying down debt and eating peanut butter and jelly sandwiches, and improve your position that way. (99% of people won't do this, and I can't blame them)I currently moved funds from a Rollover IRA into a much more liquid position, for any opportunities in the near future.

Unless you are specializing in the luxury market I don't think the brokerage matters....what matters is the individual.Let me know if you every want to chat over the phone or meetup locally (when it is safe to do so). 

But we'll have to wait and see what happens and how this stay at home order affects the local economy.The upper price-range of homes may feel the impact the hardest, as buyers and sellers of luxury homes are usually business owners with part of their portfolio tied up in other assets that are feeling a greater impact.The housing demand for the bread-and-butter price (sub $300k) should hopefully only be stalled or delayed, and ideally we'll see some pent up demand be unleashed in the summer and fall if things get back to normal. 

This policy doesn’t apply to Airbnb Luxe, Luxury Retreats, or domestic bookings in mainland China, which all have their own policies.What happens for reservations that were canceled before this March 30 announcement?

Luxury properties turn into AirBNBs, lower class properties get mid term rental ageements under you maintaining the subject to.

I'm in the education phase now as I'm keeping up with the podcasts and reading Set For Life now.I am slowly working on warming my wife to the idea of using some of our reserves to buy an entry level rental home/duplex, but have also started thinking about whether going to house hacking, even if it's more on the "luxury" end with having an ADU or separate mother in law suite might be a better approach.