I am having a hard time wrapping my head around it too, prices are not dropping yet.

Given everything that is going on in the world today, it is pretty clear to me that we are headed for a global recession/depression due to the economic impact that will be felt worldwide from the Coronavirus.Hopefully I am wrong, but the signs are pointing this way...So to be as prepared as possible going into these time, through and coming out the other side, as this really being the first recession I have gone through that will impact me significantly (as the 2008/9 one I was young enough and going through post secondary education that the impact to me was minimal), I wanted to lean on the experience of those that have been through one of more recessions.Here are some of the questions that keep coming to mind:Previous experience:- how did you protect your downside and mitigate risk in your portfolio and personal finances when you realized where the economy was headed?

As long as home depot is open, I'm headed to work.

James,   Thanks for the heads up. 

As the previous cycle ends and we start heading into a buyer's market, many sellers and brokers will believe that the prices people paid a month ago will still be relevant. 

That is a way better approach than having a manager that is burying their heads or one that is taking such a hard line that residents don't respond and choose not to pay out of spite.  

I am someone who invest with more regards to good leaders at the helm rather then “all current or outstanding situations” as long as him or her and maybe self to a degree, can understand where the company is heading, how and why it’s aiming towards that point.

Great depression lasted 10 years. if we head towards depression hopefully we try to stimulate our economy with bridges & roads infrastructure & green initiatives. 

We are responsible for the safety of the common areas and that puts yet another hammer over our heads in this crisis.So, thank you for the mention.

I like where your head is, and I appreciate your willingness to share ideas that can capture the market.