In an ideal world you'd like to stay under a 50% ITV but in an economic downturn that might not even be enough to protect you (ask me about 6 lots I got back through a Deed in Lieu in 2008 that are just starting to recover their value now in 2021).

I think that is very overblown, as it's underlying long-term fundamental economics are still incredible.Now against my better judgement I have been buying into NIO on the bigger dips.

I'm sure many of you can remember the Global Financial Crisis that occurred between 2007 and 2009 due to the government’s encouragement of broad homeownership induced banks to lower their rates and lending requirements,5 which spurred a home-buying frenzy that drove the median sales price of homes up by 55 percent from 2000 to 2007.BAs a result, Banks were handing out loans like candy to anyone and everyone, combined with the explosion of the United States run-up in housing prices fueled by demand, speculation, and exuberant spending to the point of collapse.This crisis damaged financial institutions globally which led to a loss of more than $2 Trillion from the global economy! 

It is a grim time indeed and I am also a bit petrified moving forward after seeing how this crisis continues to unfold.

Home prices will rise and fall partially in response to economic cycles.

Once they do raise interest rates (because they have to at some point to fight inflation) for the market correction it could be like the 1970's crisis.

Thinking anything is guaranteed in economics is dangerous.

The moratorium is great and that it protects people who truly are waiting for assistance or Unemployment or who are doing their absolute best to stay above water despite all the economic challenges of the pandemic has caused.

Outside of mining, what other economic factors are there? 

Just imagine if the average homeowner grabs some equity, they spend it like most consumers on a boat/RV or a new car or a pandemic ending celebration vacation and then interest rates rise, the hotair comes out of the housing market, prices contract and you can imagine the results if we do have an economic slowdown.