As mentioned, while the Corona Virus is the primary news with a lot of unknowns around it, service sector workers will be effected, but I think it will bounce back once people are free to leave their houses, and actually booming for a few weeks after lockdowns are relaxed.  

Rents have boomed - before the last few weeks that is, we’ll all see where it goes from here.

The banks, bill collectors and loan offices are still collecting on debts so if we start overloading systems with panic borrowing for money that we can't possibly spend then how will the economy survive what is going on?

It's been two weeks and I'm seeing a large number of businesses owners following suit.The economy has been booming for years.

I must say, though, I don't know much Texas history of boom/bust cycles.

The lease will likely expire before you'll see all your money and then you'll have to settle with a bill collector to see any of that backed rent. 

Now that doesn’t mean they can fall in certain markets, ones that are more prone to a boom/bust cycle; but a retreat in housing prices is simply not a very common occurrence on a national scale.

I think there is little risk is taking out a HELOC, and would be very cautious of going on a buying spree in an area that is reliant on one, "boom/bust" industry.

You keep that cash flowing at all costs, because once you stop that train it takes a while to get it moving again.If we get a shelter in place order, go ahead and try to enforce it...Bath doctor offers sanitary services, so boom I'm in the critical field and leave me alone.

My county tax collector is giving time to pay til Jun 30th with no penalties.