The restaurant industry will be hit hard from COVID-19 and it will take years before a recovery. Small businesses will go out of business for good until there is a vaccine and the economy rebounds, but again, that could take years.

I've heard of people living in cities wanting to leave not just because of the virus but because they are going stir crazy in their tiny and expensive apartments. People will eventually return to the city, but in the meantime, it makes sense to want a backyard and your own personal space to spend outdoors.

Exorbitant city rents and real estate will go down, especially in a city like Detroit where we were only on the road to recovery, nowhere near established enough to survive what will likely be a 2-year pandemic until a vaccine is developed. We can return to work in the next 1-2 months, but people still will not want to go out as much as they used to. That means decreased ticket sales at music and sporting events and empty restaurants and stores. It will be interesting to see how far prices will go down for real estate both in the city and the suburbs the more people realize this isn't ending anytime soon. I didn't think we'd something on par or even worse to the 2008 recession, but here we are.