No one is mourning the Air BnB hosts who have already been wiped out. There is going to be more pain for the renters, the landlords, the banks. But of course markets grow and contract. Risk is never far away. This is how it is and how it's always been here. In the end this capital first approach has given us some of the highest living standards in the world and made ours the most powerful nation.
The better banks, the better businesses will all make it out of this. And new better business will grow to replace those that went bankrupt. That's how capitalism works.
There are 4 possible futures here: 1) people relax as the Rona quickly goes away due to a smooth vaccination rollout (after a rocky start) and people who have been hording vacation, car and home money begin to spend leading to an era of good feelings and Joe Biden is hailed as the savior of a nation now that the fever dream of Trump has broken, 2) the underlying fundamentals of the economy are unsound despite larger companies such as Amazon doing well and when controls get released (which they must eventually) a long and sustained (but hopefully shallow) recession follows which the world can't pull out of quickly due to the bullets being spent in government policy and the worldwide effects, 3) people begin to relax and spend like crazy and at first Biden is given a lot of credit and is able to unify the country, but soon the effects of printing money and QE begin to devalue our standard of living, inflation begins to be seen again, and a great income disparity causes stress between the winners and losers, or 4) worst case: stagflation combination of 2 & 3 (hey...at least maybe disco music is poised to make a come back???)