Coronavirus effect on property markets?

lisyloo

GDB2222 said:

Sailtheworld said:

GDB2222 said:

Sailtheworld said:

Sea_Shell said:

It's been reported that 2 of those "coffin dodgers" have now died.

In near perfect conditions (a cruise ship full of oldies with the virus present) two have died. Both probably well over the average age of the rest of the cruisers.
3000 people on a cruise ship is a small sample size but it means the death rate is less than 0.1% of the total and 0.3% of those infected. Undoubtably these numbers will rise this isn't the pandemic that's going to rival Spanish Flu - nothing near.

You continue to ignore the point that it’s far too early to draw conclusions about the mortality rate on the cruise ship. Yesterday there were no deaths reported, today 2, and tomorrow ...? 

Why concentrate on the ship, anyway, when the epidemiologists have a far bigger data set to work from?

Hopefully, this will be contained, but if not it seems inevitable that many people will die. Our prognosticators here won’t make any difference, of course.

I specifically addressed the point about it being too early to draw conclusions about mortality rate on the cruis ship. As I said the numbers of deaths are undoubtably bound to rise above 0.1% in the cruise liner population. Apparently if you're going to meet the Grim Reaper it's around 14 days from when you were first infected.

You won't get a better idea of mortality rate from looking at the wider data because it's just too early and the data is all over the place. 

I’ve just started a nasty dry cough, but I daren't phone 111 or the house will get cordoned off, and it’s probably nothing serious. I need to go on the Underground to some important meetings tomorrow. Perhaps I should call 111 in a few days time, if it gets worse. 

I’m not sure what your point is. The risk to individuals is low unless you’ve travelled from an affected area or been in contact with someone who has.
the advice is here
https://www.nhs.uk/conditions/coronavirus-covid-19/

im not sure whether you point is that people could panic.
with only 9 cases in the uk, 8 of whom have recovered and the remaining 1 is isolated, I don’t see anyone panicking.

if I was buying a house, I’d be paying a lot more attention to flood information.

Sailtheworld

GDB2222 said:

Sailtheworld said:

GDB2222 said:

Sailtheworld said:

Sea_Shell said:

It's been reported that 2 of those "coffin dodgers" have now died.

In near perfect conditions (a cruise ship full of oldies with the virus present) two have died. Both probably well over the average age of the rest of the cruisers.
3000 people on a cruise ship is a small sample size but it means the death rate is less than 0.1% of the total and 0.3% of those infected. Undoubtably these numbers will rise this isn't the pandemic that's going to rival Spanish Flu - nothing near.

You continue to ignore the point that it’s far too early to draw conclusions about the mortality rate on the cruise ship. Yesterday there were no deaths reported, today 2, and tomorrow ...? 

Why concentrate on the ship, anyway, when the epidemiologists have a far bigger data set to work from?

Hopefully, this will be contained, but if not it seems inevitable that many people will die. Our prognosticators here won’t make any difference, of course.

I specifically addressed the point about it being too early to draw conclusions about mortality rate on the cruis ship. As I said the numbers of deaths are undoubtably bound to rise above 0.1% in the cruise liner population. Apparently if you're going to meet the Grim Reaper it's around 14 days from when you were first infected.

You won't get a better idea of mortality rate from looking at the wider data because it's just too early and the data is all over the place. 

I’ve just started a nasty dry cough, but I daren't phone 111 or the house will get cordoned off, and it’s probably nothing serious. I need to go on the Underground to some important meetings tomorrow. Perhaps I should call 111 in a few days time, if it gets worse. 

A lot of the disruption predicted to be caused by Coronavirus will become self-fulfilling because of ill-informed hysteria (see protests in Ukraine - idiots). 

My wife works in a doctor's surgery and they've already had someone present with no symptoms whatsoever other than they ate a Chinese the previous evening and were worried sick.

I'm going to assume you're pulling my leg with your concerns above and don't fall into this category. You've got a nasty dry cough so pop yourself down the chemist and get some cough medicine. I'm sure the guys on 111 are thoroughly sick of hearing about Coronavirus from the worried well.

gfplux

Sadly peoples fears will damage business and who know what the knock on effect will be to people’s  jobs, overtime or feeling of security which WILL affect the desire to move house.

however what is worse is how the worry of buying on a flood plain (by those who don’t live in one of those houses) disappears a few weeks after the sun shines.
we should be concerned how many houses are uninsurable due to possible flooding and how their value can hold up when no one wants to buy one.
is this a disaster waiting to explode or will it disappear at the first sign of dry weather.

lisyloo

 I think it's impact will be limited to the places made famous by BBC news and properties on a riverbank.

People will still flock to buy new builds on flood plains.

yes climate change is a biggie and its path is much more of a certainty than coronavirus, however most people are somewhat short term in their thinking. When people are hell bent on getting a house then they are focussed on that and even sub-conciously might ignore any bad omens that get in the way of their dream. just human nature.

gfplux

lisyloo said:

 I think it's impact will be limited to the places made famous by BBC news and properties on a riverbank.

People will still flock to buy new builds on flood plains.

yes climate change is a biggie and its path is much more of a certainty than coronavirus, however most people are somewhat short term in their thinking. When people are hell bent on getting a house then they are focussed on that and even sub-conciously might ignore any bad omens that get in the way of their dream. just human nature.

Can you actually insure against flooding if your house is on a flood plain?

GDB2222

gfplux said:

lisyloo said:

 I think it's impact will be limited to the places made famous by BBC news and properties on a riverbank.

People will still flock to buy new builds on flood plains.

yes climate change is a biggie and its path is much more of a certainty than coronavirus, however most people are somewhat short term in their thinking. When people are hell bent on getting a house then they are focussed on that and even sub-conciously might ignore any bad omens that get in the way of their dream. just human nature.

Can you actually insure against flooding if your house is on a flood plain?

Take a look here  https://www.floodre.co.uk/

gfplux

GDB2222 said:

gfplux said:

lisyloo said:

 I think it's impact will be limited to the places made famous by BBC news and properties on a riverbank.

People will still flock to buy new builds on flood plains.

yes climate change is a biggie and its path is much more of a certainty than coronavirus, however most people are somewhat short term in their thinking. When people are hell bent on getting a house then they are focussed on that and even sub-conciously might ignore any bad omens that get in the way of their dream. just human nature.

Can you actually insure against flooding if your house is on a flood plain?

Take a look here  https://www.floodre.co.uk/

Thanks for the link.
so it shows that you will not be covered if the property was built in the last ten years.
i imagine that is a lot of homes.

NorthernJoe

Markets are usually very quick to react and most risk is "built in" before average Joe gets wind of it. Curious the market response to Covid-19 has been very muted. Might this just be something people don't understand? 

DOI I've sold up today. Predicting chaos in the next few weeks. 

gfplux

This is going on and on and on.
Don't forget to support your local Chinese restaurant.
this from the Guardian.
https://www.theguardian.com/food/2020/feb/23/four-seasons-london-an-act-of-solidarity-that-also-gets-me-roast-duck
QUOTE
It’s after dinner that we really notice it. London’s Gerrard Street on a Saturday night is usually the restaurant equivalent of a mosh pit: a heaving crowd of hungry people, the scent of scorched wok in their nostrils, and the reflection of the bronzed and shiny roast ducks that crowd the windows of Chinatown’s main drag in their eyeballs. Tonight, there was a pre-cinema rush, which we got caught up in. But now it’s gone 9pm. The pedestrianised street is sparsely populated and through the picture windows, chairs and tables sit forlorn and empty. I’ve never seen it like this before.
END QUOTE

GDB2222

gfplux said:

This is going on and on and on.
Don't forget to support your local Chinese restaurant.
this from the Guardian.
https://www.theguardian.com/food/2020/feb/23/four-seasons-london-an-act-of-solidarity-that-also-gets-me-roast-duck
QUOTE
It’s after dinner that we really notice it. London’s Gerrard Street on a Saturday night is usually the restaurant equivalent of a mosh pit: a heaving crowd of hungry people, the scent of scorched wok in their nostrils, and the reflection of the bronzed and shiny roast ducks that crowd the windows of Chinatown’s main drag in their eyeballs. Tonight, there was a pre-cinema rush, which we got caught up in. But now it’s gone 9pm. The pedestrianised street is sparsely populated and through the picture windows, chairs and tables sit forlorn and empty. I’ve never seen it like this before.
END QUOTE

Is Jay Rayner also an expert on epidemiology now? Unless you are addicted to Chinese food, why not eat some other cuisine? You are avoiding only a tiny risk but at absolutely zero cost.