Coronavirus effect on property markets?

lisyloo

Thrugelmir said:

lisyloo said:

silvertooth said:

Prediction for coronavirus is by summer time they can no longer hide the numbers and a huge percentage of mankind is infected and it can’t be stopped.

People stop going to work and school on mass, but China is in total shutdown for prolonged periods
china shutdown finally has knock on effects around the world and currency markets go haywire, stock markets go into free fall, gold and silver make new all time highs but still unavailable and black market prices of real bullion is ten time times more than going on a waiting list 

property markets all dry up, no banks are open and people stop paying mortgages but repossessions cant happen because nobody is going to work, they are all too worked bout their families

crime and fires are rife, hospitals are overrun around the world just like China presently 


the big reset is here.

the main question is was it all by design?

we don’t quarantine people for flu 

Unlike flu. There's no jab currently available to prevent anyone catching it. All NHS staff have an annual flu jab. Be short staffed if were to spread. 

Ok I was taking about once it had spread. Are you saying you think a double whammy of widespread plus lockdown is possible?

Thrugelmir

If were to spread widely than I suspect that there would be mass hysteria. Sensible people would self isolate for a period. The draconian nature of the Chinese state wouldn't be an acceptable approach in the UK. Given that the Peoples Party controls the media. I personally have little faith in their updates. 

silvertooth

Financial collapse if it continues?

Thrugelmir

silvertooth said:

Financial collapse if it continues?

China has already taken steps. 

triathlon

silvertooth said:

Financial collapse if it continues?

OK, you have your fun, can you now return to HPC

silvertooth

Thrugelmir said:

silvertooth said:

Financial collapse if it continues?

China has already taken steps. 

Yes it the steps China is taking that is causing the global financial collapse 


don’t get me wrong they have to take these steps

but how long can people not go to work and not get paid, then not pay their bills and mortgage etc before the small banks collapse knocking over the next domino and the next until the big to big to fail banks collapse?

the system was already too fragile before this black swan event

silvertooth

Thrugelmir said:

If were to spread widely than I suspect that there would be mass hysteria. Sensible people would self isolate for a period. The draconian nature of the Chinese state wouldn't be an acceptable approach in the UK. Given that the Peoples Party controls the media. I personally have little faith in their updates. 

Sensible people would self isolate yes

how many sensible people are there?

of that number of supposed sensible people how many will get bored or have cabin fever set in? How many will out of necessity need to go out and buy supplies or something?

and how many people out there are not sensible? There was a video came out of China of people coughing on there hands and spreading the infection on the lift buttons and other places!

some people just want to watch the world burn

silvertooth

somebody  said:

I do wonder how it will work financially? So many businesses closed... that means lots won't get paid... means rents and bills won't be paid ... very difficult😣

How long can rents and mortgages not be paid before the banks start to collapse?

Government can always print money, but then if it’s too much too quick you get Zimbabwe piles of currency to buy a loaf of bread.

what is the answer to the question How long can China be shut down before the reverberations knock over the next dominos?

lisyloo

What’s your evidence for the system being too fragile?
my understanding is that a number of measures were put in place after 2008 e.g. capitalisation requirements for banks.

proper links please e.g. not sun, daily mail, express
and not just your anecdotal opinion

GDB2222

As I understand it, there’s a very significant difference between COV and the previous SARS epidemic. SARS was easily controlled because it had a short incubation period. Patients rapidly became extremely ill, and they got isolated. 

COV doesn’t affect everyone the same. Lots of people get a mild infection and they continue on their daily round, infecting others around them, without even noticing. Like the scoutmaster from Brighton. He infected the people who shared a chalet with him, but a few days later he didn’t infect his family, so perhaps he had recovered by then or they shared the same immunity he had?

So, when the chief medical officer talks about an overall 1% death rate from COV, he’s including these mildly affected patients who may just feel a bit under the weather, plus the patients who get the disease badly. Of the latter, roughly a quarter need treatment in an ICU, with respiratory support. That won’t be possible in a major epidemic, so the mortality rate will rise in those circumstances. 

The CMO was talking on the radio of a significant possibility of the virus infecting most of the population. He essentially said that it’s impossible to foretell whether that will happen, but he certainly did not rule it out.