Upcoming Boeing Layoffs and Their Effect on Everett Market

[Viktor R.]

Recently I've read the news of Boeing laying off several hundred workers at its Everett plant. Biz Journal article here. I am thinking to myself that layoffs come in waves and that this is just the first wave this year. Also, Boeing contracts support a large supply base in the Puget Sound area and that Boeing layoffs may be a forerunner of a slowdown of Boeing orders to its suppliers. Of course, job losses impact the ability of the workers to pay their mortgages and rents. So, fellow Puget Sound investors, what do you think about the news and do you think that these layoffs will significantly affect the Everett real estate market?