I don't see Seattle, WA producing many deals for RE investors down the road as the city has so many Hot companies like Amazon, MSFT (allowing workers work from home) but CA/FL has Disney that are going to lay off large percentage of its company's workforce.

Looks like a joke but then again he did lay off quite a few people.

While I see the struggles of the working class in America who have been systematically screwed by the system for decades, stealing housing ala Robin Hood is a really stupid way to try to alleviate the issue.

It is a FACT most in the base-line level, which is the biggest segment on layoff's, are receiving MORE via the UI $600 bonus on top of IU benefits, or the $1,200 per person payout, and how ever more payouts to come.

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

Also, with lower income, sometimes people are paycheck to paycheck, and life happens, tenants have breakdowns, surgeries, job switches, lay offs, stuff happens remember-- these are real people you're dealing with.   

We will see layoffs and bankruptcies.  

When layoffs were announced 6 weeks before they actually happened everybody was freaking out.

I know a lot of offices in Calgary and Edmonton were vacant and there were lots of lay offs. 

It is easy to lay off workers in an event like this (not saying this in a bad way) but companies will be very cautious rehiring them afterwards.