The virus will run its course, similar to a bell curve on a graph.

My first milestone is 10, marinate for a bit and maybe 20.

The graph from John Hopkins below shows total cases in China in orange and total recoveries in green.

The graph from John Hopkins below shows total cases in China in orange and total recoveries in green.

Definitely not the case with COVID, but I don't think an across-the-board assumption can be made, just my opinion.What can't be ignored are the immense numbers of cancellations and lost revenue (those graphs are scary).

People are equity rich, not tapped out.Here is the link to the full article if you want to take a gander: https://www.keepingcurrentmatters.com/2020/03/16/5-simple-graphs-proving-this-is-not-like-the-last-time/?

Now historical data can never predict the future, but given that the last crash of 2008-2009 is said to have been caused by the subprime mortgage crisis and if we assume that what the real estate market went through in 2008-2009 is a worst-case scenario, then we can use historical data to set a baseline of what's to come in the future.Below is a graph of the average SPX closing price VS the average SFR Home price for the top 5 states by GDP(CA, TX, NY, FL, IL).

But finally able to say I reach a milestone.

Its amazing what the graph cycle points out but it seems to always hold true 

Or, is the bldg permit a milestone trigger for the lender to release more funding and you want it released before closing instead of after?