This leaves the onus on the seller to agree to negotiate or not, but also gives the buyer an out for a "catastrophic" issue like major asbestos, mold, oil tank spill, faulty foundation, etc.

Although the state's budget is factored at $54 oil, most of the larger oil companies in town are still in the black with oil over $30 per barrel.

.), Taxes (Property & Other), Depreciation, Business Mileage, Education & Training, Bank Fees, Employees, and Independent Contractors, Repairs and Maintenance, Insurance, Property Management Fees, Supplies, Utilities (Oil, Gas, Electric, Water, Phone, etc.), Home Office Expenses, Travel Expenses, Snow Removal, Landscaping, Pest Control, etc., HOA Fees, Business Meals (50% deductible), that doesn't stop you from cash flowing growing equity and someday retiring wealthy.

Is there a power plant, mine, oil and gas industry in the area?

@Vinney Chopra below is what we are using as framework for both crisis (operationally and financially) mitigation...Based on our market data (public and semi public) , we position is that we will go through a version of that Italy/France going though (e.g. key is congestion aka NY vs Texas) as well as Oil and Gas price impact into Texas economy ... 

No cooking oil or smores poptarts though...In all seriousness though, please protect yourselves during this time

Corona virus impact coupled with oil price collapse will stress economy resulting in local / global repression of SFH (single family house) prices / economy.

@Will PritchettFrom the Pandemic, not yet, from Oil Prices literally going to the bottom of the barrel, I am anticipating I will soon.

The state income taxes is a post from the Twitter account called at Vital Vegas which is known by local media as a very reliable source. https://twitter.com/VitalVegas...I appreciate it is difficult to watch one's net worth vanish as NV real estate crashes like oil. 

Most of us can't comment because we are not familiar enough with the area's exposure to low oil prices and a recession.