Austin, the #1 rated city to live in 3 years in a row, the 11th largest city in the nation expected to double in size in 20 years, the city 83 out of 100 economists picked, according to Zillow, as the #1 place to invest in 2020, still has brand new homes 20-25 minutes from downtown for $250,000. 

From an economists perspective, a good rule of thumb is to compare your real estate investments against the risk free rate of return which is typically Treasuries or 10 year T-Bond.

IMO this is what fed government should be doing...................little scared creating this topic.I would think that government economists in conjunction with cdc would have already run these numbers & passed them to congress & the senate to use some logic on the stimulus package.

Recessionhttps://www.ocregister.com/2020/03/16/coronavirus-pushes-u-s-into-recession-california-to-be-hit-hardest-ucla-economists-say/Oilhttps://www.biggerpockets.com/blog/coronavirus-harm-real-estate-market-oil-price-warCovid-19https://www.kcra.com/article/newsom-more-than-half-of-california-projected-to-contract-covid-19/31791343#We are in a systematic designed destruction of the world economy, the FED [and all central banks in the world, follow same gameplan] is going to become the buyer and seller of last resort.

If this recession hits as hard as some economists are predicting we probably won't be seeing bargain bin prices until the very end of the 2020 or mid 2021.

Not all economists agree with NBER dates.

To be honest, I was born in '82, so as we were winding down the 1980 hyper inflation period, and am not an economist to fully understand all the dynamics that went into the mid 70s and 1980 spikes.  

I'm by no means a banker, economist, or a conspiracy theorist, but my feeling is this is part of a plan to get us back toward the gold standard and away from the petrol dollar or at least away from the other foreign money.

Some economists say the decline in gross domestic product this year could rival the worst years of the Great Depression."

While there are certain to be some long term effects of the current market disruption, good land is good land, and from what I have seen the majority of economists are assuming this downturn could last 6-9 months.