Louis President James Bullard predicted the U.S. unemployment rate may hit 30% in the second quarter because of shutdowns to combat the coronavirus, with an unprecedented 50% drop in gross domestic product."

I recently got an appraisal back at $430k , and was considering doing a cash out and put that money into another property. until this damn corona virus bs!

@Liza RhimaI think that postponing evictions for tenants in the Phoenix metro area who are seriously affected by the Coronavirus is the right thing to do, but I think that measures should also be taken to help protect landlords as well (since they're the ones with the real investment to lose). 

sources:(1)https://users.wfu.edu/palmitar...(2)https://www.bloomberg.com/grap...(3)https://coronavirus.1point3acr...(4)https://www.google.com/amp/s/w...(5)https://www.statnews.com/2020/...(6)https://www.google.com/amp/s/a...(7)https://countryeconomy.com/gdp...

We will use top quality material, as in some of the other recently renovated houses in the area.Due to Coronavirus situation, I've heard from some investors and brokers that banks will raise interest rates and house prices will go down as soon as in 2 - 3 months.

(Obviously if the Coronavirus pandemic drags out longer here, then meetings will continue to be canceled as the groups deem necessary for everyone's safety.)

There is a reason Tenants are a protected class.Apparently it was a company that sent out the letter according to this story: The Morning Call: Nat Hyman apologizes for company letter threatening to evict tenants who don’t pay rent during coronavirus pandemicAnd tenants aren’t actually a protected class.

The SBA has drastically reduced their requirements for acquiring a small business disaster relief loan.https://www.sba.gov/disaster-assistance/coronavirus-covid-19I know there are a lot of locals here on the Austin forum that make their living in the industry. 

Does this coronavirus eviction moritorium stop those evictions?

@Satyam Mistry thank you for the feedback.Because of the coronavirus, many appraisers I hear will be doing exterior only appraisals.