Not sure. Depends on vacancy rates. Ever notice how many tower cranes there are in Bellevue? They might take a hit if they can't lease them. I'd be a little concerned if I had a large portfolio of investor RE right now.

The bulk of what I do is owner occupied, but we do have some investor RE. I have a fair amount of rental single family residences and apartments, but those tend to be pretty good when housing credit tightens up.

All in all, I think Joe Average will be fine, as long as you have paid your bills on time. If you have a diversified portfolio of investments, this is a bump we'll get through, and don't sell it all and quantify your losses. Credit will tighten up, and good banks will still be willing to lend money.

My suggestion to you is to turn off your TV.