In light of these down markets, let's say this virus launches us into a recession. A recession not caused by overblown real estate values.
What do private equity/debt funds do in an environment like this? How does the strategy change? Is it a just wait it out and see?
This doesn't seem like a situation where there's be boat loads of NPL portfolios hitting the market, maybe not as many distressed properties to buy up, but I guess I could be wrong there. What's the play?
Maybe someone who was in repe during the dotcom bubble could enlighten us on RE plays through that crash.