Yeah but I assume that will rebound pretty quickly

-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. 

Your score will rebound, you'll show that you're responsible and that it was a ONE TIME OCCURRENCE. 

Buffet's advisor said 1-3 years for tourism to rebound.

Once people rebound they will be looking for safer more stable alternatives and will be willing to accept lower returns in exchange for stability.

If the health crisis is short-lived (say 3 to 6 months), the economy should start to rebound in a reasonably short time.

The widespread shutdowns are definitely painful, but I think things will rebound quickly once we have vaccines, better data, and in general a better understanding of the realistic risks associated with the virus.

Some are completely closing doors for 30-60 days, or until the market shows a rebound, or at least stability.These are scary times.

This market will not be like 2008 and it will rebound.

If the market rebounds quickly, you will be glad you got it.