I have a rental in Aurora, CO that I’m planning on doing a 1031 exchange on.

My income is roughly $170,000 pre-tax from my W2 job including salary, bonus and stock + income from my properties.

I'm way to ignorant about 401k and stock markets to make an informed judgment on what i should do.

The banks are probably freaking out a little with the whole coronavirus and stock market crash but hopefully it blows over soon.  

I would put little stock in what tax assessor sites say about a property's value other than it's useful to compare similar properties.

He was telling me that because of the stock market going down, that the mortgage rates have basically been artificially increased.

This gives you the option of finding a deal you want, then selling your current property via 1031 exchange so you pay no tax.

Stock market losses will add to the chaos creating a new batch of opportunities.Oil Price collapse impactWill further depress housing and other aspects of localitiestes with oil dependent economies.Conclusion: corona virus and oil price impact will take billions out of economy, impact can be predicted, quantified and opportunities could be generated. 

On Tuesday, the Wall Street Journal published an article stating that the stock price world's largest self-storage company has actually risen during this crazy market selloff.

There are plenty of other benefits, including perks for investors, ibuyer programs, team building, stock earning, healthcare, and even building a retirement plan - but I'm not going to bore you here!