Quote from @Matt John: I recently purchased a property in Houston for $100k cash and have secured permits to build a duplex, so the land is shovel-ready.

It's been literally hours into this and already REALTORS of FL are reporting being absolutely inundated with wealth clients relocating to, you guessed it, "Freedom" Florida. 

Also, anyone in that region have any suggestions for the infrequent but sure-fire need for shoveling/salting services when the need arises?

But, those who can survive will still be able to get to a positive IRR and no loss of investor capital, I believe. well sure hope thats the case.. these companies that go busto are going to affect new companies trying to raise dollars today.. kind of like in 2011 when I was trying to cobble investor money together and so many had been wiped out in 08 to 2010 people just where sitting on their cash.. it was frustrating the best buying opportunity of the last 100 years and investors too conservative to make a move.. one particular deal  100 lot subdivision in ATL metro all done shovel ready I had in escrow for get this 100k total 1k a lot..

Beach RE especially oceanfront is very rentable and due to the finite supply tends to hold value nicely although it sounds like areas in FL are currently precarious.

During Great Depression, sky high unemployment, they provided shovels and wheel barrows and said any who want work, come and get it.

A 100 lot pipe farm was offered to me  for 1K  per lot .. shovel ready development..

In our trailer park growing up my brother and I dug the sewer and water line with shovels in Louisiana “hot”.  

He had a deal to mow the grass and shovel for $100 per month off rent.  

. 👉 A softer job market usually means lower borrowing costs ahead, as long as inflation doesn’t flare up.📊 Inflation Meets ExpectationsThe Consumer Price Index (CPI), which measures the cost of everyday goods and services, rose 0.4% in August and is up 2.9% compared to last year.