He called the crash awhile ago, but didn't foresee the Fed intervention.

@Andrew Fidler I personally never thought the intervention by ABLE on the behalf of a tenant is vital. 

That city needs BILLIONS of funding (or divine intervention) and federal/state grants before that place is even on the level of South Philly (and this place is B-A-D).

She indicated the Toledo Blade article below as a good summary of why but it sounds like her office served the public in adjusting property values which resulted in aggressive reductions as a result of the crash in real estate values. https://www.toledoblade.com/opinion/columnists/2019/06/07/intervention-might-clarify-lucas-county-property-tax-valuation/stories/20190606104It is only logical that requests to reduce property values will be declining in number and percentage of value, Toledo's values have done exceedingly well over the past few years. 

Investors who've been buying since the 80's (treasury rates >14%.5 top tick) or new blood that started buying post GFC (2009-2012) think they can't lose - since their investment has (essentially) been buoyed by asset inflation tied to declines in treasury yields --> interest rates --> cap rates --> increasing govt intervention/QE/debt monetization.One of the key implicit assumptions of the bulletproof BRRR model (which so many people here swear by) - is that interest rates will always and forever continue to decline.

The government intervention, subsidizing the economy with bailout and programs happened before, Too Big To Fail 2.0 if you read the book. 

It's not going to do much to spur demand for the next few weeks at least.I expect there will be more direct intervention from the US government -- delay in filing taxes, bank holidays, perhaps a suspension of mortgage payments, anything to keep cash in people's pockets so they can afford necessities.

I’m sure people will disagree with this perspective, but perhaps it would benefit more investors if they got into this business knowing that the rules can change at any time through government intervention.

Insurance costs, property tax increases, government intervention with things like rental inspections, rental registration fees, rent control, eviction control, eviction costs and other ideas.   

Where we are likely going to have disagreements is on how much the government should intervene, I think most people (and certainly most economists) will tell you that there has to be at least SOME government intervention.