As a result, consumer spending dropped, which led to overall economic trouble and massive unemployment.

Lots of cross currents pushing at the future for real estate1) Massive deflationary forces are in play and are threatening the "everything bubble" along with the record credit in the world today.

This is not sustainable and if it goes on beyond a couple weeks we will see massive layoffs.

That payment change is nothing but that $13K in CASH would be massive.

It does not sound like your a syndicator or are beholding to a bunch of investors like these guys were.. they had over 5,000 clients invested in their deals.. and to keep up with their motto  that they never had a bummer they started taking money from property A reserve account to prop up property B.. instead of letting property B get sold for what would have been a loss.. this created a MASSIVE rob peter to pay Paul scenario.. and well I was looking for another job shortly there after :( 

The fed is freaking out trying to keep this thing together and massive fiscal stimulus is desperately needed to fend off a massive deflationary event.Obviously we get through this and normalize but recession is baked in, and only arguments is if global recession.

@Rob Bianco: I understand the sentiment but I’d you have any sort of respiratory issue, are a smoker or vape you stand the risk of being very severely affected by this disease.

Looking forward, the impact here is massive.

I agree with a lot of what has been said above - the massive job loss due to the virus will certainly have ripple effects through the entire RE industry (I'm already working with some of my tenants on rent adjustment plans).

For example: hurricanes, flooding, forest fires, blizzards, earthquakes, etc.Although coronavirus is a unique circumstance, this isn't the first time AirBNB has dealt with massive cancellations due to extenuating circumstances.