:@Matthew Forrest - With all due respect, your comment "The government injected trillions on dollars into the economy and those dollars are not just going to disappear.

The 'threat' of state interference is lighting a fire under some cities to take proactive action.

Evictions, drive by shooting, domestic disturbances, tenants fighting with each other, threats, unemployment, child welfare visits, - not the way I want to spend my time.  

We have a separate personal reserve of 8 months, if my W2 job disappeared, that could be tapped if needed.

I'm a realtor in the Phoenix area of Arizona, and we're not seeing as much of a slowdown as you might expect.Yes, it will have some impact, but it's not like housing demand suddenly disappears overnight because of some virus.Did a couple open houses last weekend and have 5-6 people through a day like it was nothing.

We cannot make someone want to buy a particular home and experienced agents know that bonuses often disappear in the negotiating.

The China threat is overblown IMO, like when the USSR was guaranteed to overtake the US in the 60's.

It was predicted that at least 25% agents will disappear from the scene. 

It's scary, but making moves is what will separate you from all the other "new investors" that have post after post of "how to get started/find a deal/get financing/whatever early stage step" and then disappear off the message boards first.Remember too that your first 5 are tough and the returns make you wonder if the effort is worth it at the time.

Just because your mortgage disappeared doesn't mean paying higher interest to your HELOC made it happen, just like the suet disappearing in my yard doesn't mean Bigfoot ate it.