My opinion of its severity has dropped and continues to drop quite significantly. I bought a lot of supplies in late January because I saw videos coming out of China of people dropping in the streets and them welding entire buildings shut with people in them, stuff I'd never seen before.
I still don't fully know how to reconcile that with what happened. That is, more than just saying "oh, those videos were fake"... well, why? Who made them? Why were they made? I dunno. Even ignoring those it still looks an awful lot like China covered an awful lot of stuff up.
Regardless, whatever made it overseas didn't seem to do that. Evidence at this point seems to suggest a lot more people got it than we realized, without them even realizing it [1]. Any number of possible reasons. Unfortunately, between the tribalism, the outright coverups by the Chinese, and the "errors" if you are generous and "lies" if you are not in our own media, I don't expect to ever have a good grasp of what actually happened.
(Even so, purchasing supplies was the right move. Our local stores never really quite "ran out" of stuff for extended periods of time, but I was reasonably well prepared for what was certainly some supply chain disruption, and had a good practice run for some other real disaster in the future. Got a better idea of how to stock the food up in more effective ratios now.)
[1]: Possibly concerning, and I hope some follow-up study is done on this. Estimates of modern spread rates of disease based on COVID-19 could end up being really wrong if we underestimate how far it spread.