It is very unfortunate that the real estate downturn had to come about because of some global virus.

The sudden economic stop caused by coronavirus containment measures will cause a global recession this year and could see U.S. corporate default rates spike above 10% in the next 12 months, ratings agency S&P Global warned on Tuesday.

recession is a given, global depression is a maybe.

I thought it would come naturally from a decline in rates and a lack of competitive advantage among the larger lenders, but it’s clear the pandemic, and what’s likely to be a global recession, is now the driver.There are already a handful threads here from lenders asking how they can foreclose on the seconds they made.

With all the uncertainty over the (hopefully) near term pandemic, and the almost certain expectation of a global recession after that, I’m curious of your thoughts and your current plans to loan money.I suppose I could ask the similar question to the flippers out there about purchasing.

Emphasis on the word could.

And there may be a global slowdown to cool oil consumption, too;) 

You guys are so doom and gloom, come on man, the fed (that caused all this btw) is going to save EVERYONE, Banks, credit unions, trust and mortgage companies, investment banks, underwriters, brokerage firms, hard money lenders, stock speculators, the airline, auto, restaurant,hotel, bar, retail, casino, and travel industries,money market funds, the repo market, the global fx market, the stock market (direct purchases soon), the bond market, the derivatives market (oop's sorry ronin capital), consumer spending (helicopter money only 3 weeks away), your local bowling league and oh yea, air bnb.Don't worry the largest financial event of our lifetimes, BY FAR, will be over in a jiff and you will be rested and ready to get back to work!

Part of me says I don't want to see it as it's going to weaken the power of the dollar globally over the long run.

There is a global network of International Property Agents ( it's a Real Estate Specialty area that requires quite rigorous training and that is connected up with a network of providers who cater specifically for this client group and others) that are specialists in this area.