Layoffs are coming and the first to go are those in MUCH better neighborhoods.

Its a shame, the recent layoffs blew out a lot of long time employees that were really good. 

-if prices do not rebound we will need a plan beyond that and it will not be pretty-this can and will hit the rental market in a variety of ways and here are a few potential issues i see.1. higher end rentals could see prices drop or vacancies increase as this type of downturn could hit middle to upper income families that have not budgeted or who see their jobs or incomes decrease as companies tighten their belts and cut salaries or even lay off more folks.2. low income rentals would see more evictions and more late rent payments and potentially small decreases in price - while many of the low income families in town do not work for the oil and gas industry they do often work in service industries that are frequented by oil and gas folks or depend on programs that are subsidized by oil and gas money in our state budget. 3. property prices and values - prices are being driven up on investment properties mostly by out of state investors as there are very few areas where you can get a "decent" property for under 100k and we are still one of them. 

-BryanBoeing just announced a huge layoff.

LOTS of layoffs but Seattle is built on Amazon, and Amazon is booming so I "think" this city will be ok. 

(it was late prior to the job layoff) We didn't renew her contract and now that she's on a month to month she may have to go.

Home prices are intimately connected to employment markets though, so if the Coronavirus results in a business downturn or layoffs then 100%, that can effect the housing market.

Like the whole nation will have layoffs and financial desperation to such an extent people are giving houses away but somehow our lives as "enlightened" real estate investors will be untouched financially.

Upon layoff, both of our tenants will march down to the unemployment office and will end up getting 60% of their pay.  

That's exactly my point.Plus, it should be obvious--especially during the economic conditions of today--that plant closures, layoffs, and other job related changes (like relocations) are affecting small and large cities alike--albeit not necessarily to the same degree.