Most of my tenants are still planning to pay as normal, and most of them are able to work from home through this crisis.

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).

Up to this point, the only effect this crisis has had on us personally is that we've stopped eating out (a good thing) and we haven't been able to attend church (a bad thing).Our church has virtual services but we don't have broadband and thus can't watch them.In two weeks we'll find out how this is going to impact us as April rents will be due.

We had just moved up closing on this property to next week due to the crisis the world is going through as well, so we feel we have a limited window.

NAR also signed a coalition letter(link is external) that would encourage Congress to provide readily accessible, unsecured credit to employers and self-employed individuals of all sizes to ensure they have the cash to pay their workers, rent, and other costs during this crisis:Suspend the filing of business returns and the payment of all business taxes to the federal government for the duration of the pandemic; and amend the Tax Code to, among other items, restore the ability of businesses to carryback any net operating losses against previous year tax payments;Suspend the application of the Section 163(j) limitation on interest expense deductions for tax year 2020 to avoid penalizing businesses for borrowing during this crisis; andSuspend the Section 461(l) loss limitation on pass-through businesses to allow businesses to full deduct any losses they incur this year.Essential Real Estate ServicesNAR is working with state associations, many of whom are reaching out to their Governors to request that certain real estate services be deemed “essential services” during emergency declarations.

A depression is just people on the internet fear mongering or without a lack of an understanding of history.Every decade or so we have some sort of crisis.

Hello BP communityI currently have a townhouse i am ready to put on the market for rent and am wondering how i should structure the lease to protect myself during this crisis. 

Based on the crisis we are going through if they changed there mind I would refund the deposit. 

The one thing I see remaining the same through all this is the need for more housing that has existed since before the 2008 housing crisis.

My goal is to BRRRR at least two properties by the end of this year.As COVID-19 has thrown society into a bit of a social crisis, I'm remaining optimistic while researching and investing in my knowledge as much as possible.