I know people are still recovering from the RE crisis we had but there are also people who bought condos CASH @50k and now they're worth @100k.

@Rudy TateI just got this from fundrise:Fundrise Advisors, in our capacity as Manager of the eREITs and eFunds, has determined that it is necessary at this time to suspend the processing and fulfillment of redemption requests.While under normal market conditions, we seek to provide investors with the ability to redeem their investments on a regular basis, during times of financial crisis or extreme uncertainty, it is absolutely critical that we suspend redemptions in order to protect the interests of all our investors.As Manager, we have an obligation to make decisions based upon what is best for the entire Fundrise investor community and must always put the priorities of the whole above any one individual.Fundamentally, Fundrise investors own real property, which is simply not liquid. 

From 1975 to 2020, we've had only two small slumps -- in the mid-to-late 80s when oil prices nosedived and the savings and loan crisis happened; and again in the 07/08 bubble burst.

Housing crisis here in California is pretty crazy.

I don't think it will be as bad as the crisis of 06/07, but it will take some time to right itself.

This is an interesting twist where because of a public health crisis landlords are forced to essentially extend credit to renters who are pay check to pay check. https://www.mercurynews.com/20...

It is "the cost of doing business" during a crisis.

At the very least consider what you would need to do to be successful: deal with homeowners during the most stressful time of their lives; during financial crisis, unemployment and divorce, and the fact that most will be confrontational and consider you a predator.

Its normally pretty hard to get it done during normal times....the current inventory crisis however makes it impossible.

@Vinney Chopra below is what we are using as framework for both crisis (operationally and financially) mitigation...Based on our market data (public and semi public) , we position is that we will go through a version of that Italy/France going though (e.g. key is congestion aka NY vs Texas) as well as Oil and Gas price impact into Texas economy ...