[davem4616]

The economic impact of closing everything down / wages lost / etc. will stretch out for more than a few quarters, the negative impact will ultimately decline like 'a dragon's tail'...things will return to what will be "the new normal'

Back in 2008 when the stock market tanked it took awhile for many things to come back to where they were previously...albeit some never did, or came back with a different model

One huge difference is that the 2008 crisis didn't put so many people out of work like we're seeing now....it was more of a hit to our accumulated wealth

regarding the impact on R/E:

In 2008 we had a second home down in Ft Lauderdale in a 55+ community...just before the stock market tanked in 2008 the house across the street from us (which was not on the canal) sold for $215K....the new owners are still underwater...(but that community was built in the late 60's/early 70's...).

I did pay close attention to the prices of new construction in the Broward/Palm Beach counties subsequent to 2008 for a number of years...New construction sales and development seemed to slow down, but they pretty much held the prices offered by the developers in the 55+ communities up and down the eastern FL coast in those two counties

Homes will still appreciate in TV over time...it's the life style, not the quality of the homes that sells TV....the expansion may slow down and the builder may not be building as many spec houses for awhile