Let’s start out with the good news. This is not a replay of 2008. This recession has not been the result of overpriced housing and stated income mortgages. This time, housing is feeling the effects, but housing is not the root cause. The housing market will recover from these effects much more quickly.
We have been dealing with a health pandemic, at first dealing with it the only way we could, by hiding from the virus until we were better prepared to fight it.
This strategy bought us very valuable time.