It is becoming more likely, with IRS deferring tax day for 90 days, some rents and utilities being "stayed" for 30, 60 days, that as the economics of "shelter in place" or "stop the world" take effect, it is really like economic time is slowed or stopped.
I think over the next short while, days, you will have gubmints around the world "stopping time" by agreeing to pay the carry costs to banks, utilities, landlords AND conveying cash to people for food/staples.
So hold your plans to sell.
If you really want to get terrified, imagine who could/would buy in the next short while. Warren Buffett won't buy your house; a guy like you might --- but he is in a similar place that you are right now. The **** will start to hit the fan with Real Estate closings very soon, because the buyers will just pull away because they have to. Don't worry because this systemic effect is easily known by the financial community and the Fed (thank you Bwarney Fwank) because of the last crisis.
It will not be easy, but hold on to your easily accessible cash, and just ride out the formal $ obligations for a bit. The big airlines survive on their short term cash flow (float) and the gubmint is going to shower them with $ soon. And folks not getting paid and unable to make mortgage payments is exactly the same issue --- and Delta doesn't vote, but you do.
So hold on tight, the rollercoaster ride is in progress, and we are going to go thru the loop-de-loop --- and get upside down for a bit. Try not to lose your lunch, but if you do, just remember that everyone like you is also on the same ride, and that it will one day end.
The bank doesn't want your house, and they don't want your last $1,000. They want you back to work, paying them a mortgage every month. They want you to brush your teeth, have 3 meals, AND wash your hands, every day. And watch the Steeler get SB 7!!
Ain't life grand!
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