"In 2008, a recession triggered mass job loss. Today, mass job loss resulting from the virus lockdowns has triggered a recession" While what triggered this is

"In 2008, a recession triggered mass job loss. Today, mass job loss resulting from the virus lockdowns has triggered a recession" While what triggered this is different, because one has a direct impact on the other the OP is still right about the housing bubble IMO. Trigger (virus) --> mass job layoff in directly affected industries (e.g. travel) --> recession --> more job losses in second order affected industries (e.g. advertising, food supply) etc. ... --> ultimately impacting asset prices like houses which grew too much too fast