I'm really surprised things haven't already spun so far out of control that there is no recovering practically. I try to keep a pulse all across the country and I have friends form NYC to LA. The big cities have been getting hit pretty hard and I feel like a lot of the survival there has been subsidized for the time being.
In the country I often wonder how everyone is making it and driving an monster truck but in some respects a lot of them were able to buy into housing early and it wasn't super outrageous and they kept going. It's a weird thing because in general you can get paid hardly anything here outside of a few situations but then the gas stations and fast food places can't keep employees. Around here they start at "Up to $12 / hour" but they can't keep people at that even in the summers when school is out and you would think some high schoolers might get a summer job. It's interesting for sure.
I do think a lot of fast food places here had illegals working there and some of them are peacing out to dodge ICE raids.
I just got done watching a video about the Florida Condo Price collapse in Punta Gorda, FL. It will get worse with the condo situation.
Then you go to these cities and you see them building all these luxury apartments downtown. It's so confusing in some respects.