The big banks are already setting up massive workout teams with hundreds of workers to help distressed borrowers. Of course this only delays the eventual but the longer this goes on the more chance for something to happen to cushion the blow and the more time to inflate our way out of this.
My advice, if you cant stomach buying with downside risk find yourself a really nice rental that you can stay in for a long long time because this is going to go on for many years.
