We are already seeing the effect that an health crisis can have on the economy. The actions by the government and business during the Pandemic had a lot of affects beyond just health care, like the issue with people being unable to pay their rents when their jobs disappear or they can't work due to lockdowns. This will happen again as the Long Descent and the collapse of the global system progresses. It might not be another virus that causes problems, it could be local disasters sparked by climate change, or supply chain issues with critical parts from Wars. Think Taiwan and the fact that so many of the chips we here in the West depend on are made there. When China eventually takes Taiwan back, there will be global consequences.

This article discusses how one side affect of major crisis is that affordable housing is one thing which gets short.

"Natural disasters can wipe out affordable housing for years"

"Middle- and low-income households tend to occupy the riskiest homes in communities for a few key reasons. First, land values tend to be lower in areas that are risky or otherwise less desirable, such as low-lying areas that are known to flood, near toxic facilities, or in outlying areas that fail to enforce codes designed to protect homes. The housing that gets built there tends to be more affordable.

Second, as communities grow, older homes become more affordable through a process called “filtering,” in which wealthier households move into newer housing, leaving older, more dilapidated homes available for lower-income households. Older homes were often built under less stringent building codes and typically are less well maintained, which can make them more physically vulnerable.

Third, durable patterns of historical segregation and ongoing discrimination in real estate and lending can compound these problems by limiting Black and Hispanic families’ ability to afford lower-risk neighborhoods.
Research has shown consistently that lower-income households are not only more likely to suffer damage in a natural disaster but also that they are more likely to take much longer—two to three times longer—to recover."