I've never spent a % on anything...don't think I ever will.Maximize the cash flow, minimize the actual cost (out of pocket...the only cost that matters), and that number should offset a specific monthly cost(s). 

Expectations are to see massive job losses, business closures, layoffs etc.

That's a huge bummer, but if it is a money pit sometimes a little loss is better than a huge loss.  3.

The average citizen is powerless and will never get anything ,and the people they have elected to represent them wont help them,cant help them.3>Healthcare is already out of control expensive and is absolutely unaffordable, many many are going to be bankrupt just with medical bills due.4>Many are going to be bankrupt because of failing business , loss of job, etc., this is obvious.5>As mentioned above , just a few are getting tons of cash - which means they can buy out business and other companies at very low cost and this means further super consolidation of power - literally cementing it in place. 6>The future for the average citizen is not looking good. 

Will the low interest rates counteract the job loss and recession that is bound to happen?

My best guess-short term-prices will drop for 3-6 months as there will be significant job loss for at least the next month (I believe it is likely to be at least 2-3 months, based on China and S Korea) with all tourism related jobs shut down, and many others as well. 

loss of income?

We’ll also ask for some documentation from their employer to verify loss of wages before making concessions or waiving late fees.

All debt is taken into consideration, especially if your showing losses on your tax returns.

Seeing what the people who do it everyday this about the numbers.Purchase price: 75,000Loan amount: 60,000 after 20% downMortgage: $475 w/ taxes and insuranceRent: 850/monthVacancy loss at 8%3 month reserves set aside plus additional 3,000 for Capex.