I know they said in the podcast that so many of the rules of economics have gone out the window with the pandemic.

And personally, I think this trend will revert back to the norm after we get past the current health crisis.

I could use my own money on this project for the second but I would rather keep it in the accounts as reserves.Here is the question, with the concern of an economic downturn, would you buy this property or not? 

The economic, financial, social, mechanical and legal aspects make it fascinating to me.

It may be helpful to discuss this project in depth with the planning office to determine the likelihood of the rezone being approved, and get the economic director to look at it and give you their opinion (hopefully in writing). 

And don't think you'll be able to predict the next economic downtown in x number of months and wait for that to happen. 

Any economic recovery we say in June and early July has now stalled.

They should be flexible as the market changes and economic conditions evolve, what works one year in one market may not in the next.

No, it's not as flashy as Durham or Raleigh, but there's more inventory and you can still take advantage of the upward economic and population trends of NC (and it has great renter affordability, something I think will continue to make those secondary NC areas strong in the coming years).If I haven't turned you off yet, I'm happy to go into more detail and let you know what I'm doing in the area.

@Steve Morris  2009-2011 is when things were stabilizing from 2007-2008 crisis.