Even when that happens (barring being in the middle of a global pandemic that completely shuts down the non-QM market) you will turn to investor and portfolio loans where the rental property and its economics are the primary factor in getting the loan.

@J Usmonov right now we're still dealing with a global pandemic that had significant impacts on our economy.

If everyone knew the next recession would be caused by a global pandemic out of Asia, we'd have been more on the look for it and we would not be in the current predicament.

Due to the global pandemic going on, we are expected to receive less money back from our borrowers this quarter.

Some others (France for example) apply taxation on global income, with tax treaty only insuring there is no double taxation (you still pay the highest possible tax).In the case of France, owning houses directly or through a fiscally transparent LLC results in your having to maintain a set of accounts for the IRS, and then another set of account for the french tax authority, following french rental income rules.This means that it makes sense to own directly a house from Hong Kong, whereas owning a property for a french beneficiary is best done through an opaque entity (i.e., an entity that has its own accounts and files for tax separately).

Who knew a global financial crisis would hit in 2008-2009?

However, I wanted to get insight as what problems this may cause in the long-term (if any) once the current global situation is resolved. 

bearing in mind we are heading for a Global recession again - but as they say " every cloud has a silver lining " I've already found a couple of properties through "Redfin" but due to me detailed questions I've raised for my due diligence they ( Redfin )  have suggested I find a more local agent to help me hence my enquiry to Branden !!

The global economy, supply chain, and capital markets have come to a complete halt....

Investor interest is often sparked by global market uncertainty, and this can lead investors to stick with more local investments.