Coronavirus effect on property markets?

gfplux

Just back from Ikea.
pleased to report they were their normal level of busy for a Wednesday. We ate there (I can’t resist the meatballs) My wife thought the restaurant was a little less busy. People behaving normally as in picking up and returning glasses and food to the display.
we were the only people wearing gloves.

Thrugelmir

gfplux said:

Just back from Ikea.
pleased to report they were their normal level of busy for a Wednesday. We ate there (I can’t resist the meatballs) My wife thought the restaurant was a little less busy. People behaving normally as in picking up and returning glasses and food to the display.
we were the only people wearing gloves.

Not wearing protective masks? 

gfplux

Thrugelmir said:

gfplux said:

Just back from Ikea.
pleased to report they were their normal level of busy for a Wednesday. We ate there (I can’t resist the meatballs) My wife thought the restaurant was a little less busy. People behaving normally as in picking up and returning glasses and food to the display.
we were the only people wearing gloves.

Not wearing protective masks? 

Not yet. Apparently the masks work well as they minimise transfer from surfaces via your hand to your mouth and nose.

let us hope it all stays light hearted.

Sailtheworld

gfplux said:

Thrugelmir said:

gfplux said:

Just back from Ikea.
pleased to report they were their normal level of busy for a Wednesday. We ate there (I can’t resist the meatballs) My wife thought the restaurant was a little less busy. People behaving normally as in picking up and returning glasses and food to the display.
we were the only people wearing gloves.

Not wearing protective masks? 

Not yet. Apparently the masks work well as they minimise transfer from surfaces via your hand to your mouth and nose.

let us hope it all stays light hearted.

What makes Ikea safe as a shopping venue is the one way system (the yellow brick road) - if some sneezes it's more likely to hit the back of your head than your face.

silvertooth

They are now predicting 80% of the uk will get infected over the next decade to 2030.

it started as 50% then 70% and now projected numbers are 80% total meltdown of society 

what will happen to property prices now?

silvertooth

Leaked paper ops

https://www.google.co.uk/amp/s/www.walesonline.co.uk/news/uk-news/up-80-per-cent-uk-17817045.amp?client=safari

Sailtheworld

silvertooth said:

They are now predicting 80% of the uk will get infected over the next decade to 2030.

it started as 50% then 70% and now projected numbers are 80% total meltdown of society 

what will happen to property prices now?

Adults have, apparently, 2 to 3 colds per year and, for most people, Coronavirus won't be any worse than a cold. A 100% infection rate and the World still turns.

There's a name they give to people who wish for a total meltdown of society so they can buy a house with one of their mum's silver teaspoons - lifelong renters.

GDB2222

Sailtheworld said:

silvertooth said:

They are now predicting 80% of the uk will get infected over the next decade to 2030.

it started as 50% then 70% and now projected numbers are 80% total meltdown of society 

what will happen to property prices now?

Adults have, apparently, 2 to 3 colds per year and, for most people, Coronavirus won't be any worse than a cold. A 100% infection rate and the World still turns.

There's a name they give to people who wish for a total meltdown of society so they can buy a house with one of their mum's silver teaspoons - lifelong renters.

Comparing Cov-19 to a cold???!!

Everybody in the country, give or take a bit, is going to get Cov-19. What we still don't know is what proportion of the population it will kill. That's because we know the fatality rate amongst the seriously ill - that's about 2%. It's pretty speculative, but there's a thought that only around 5% of people will get seriously ill. So, it's not going to be like the Black Death.

Of course, the virus will mutate .... 

gfplux

The economic effect of corona virus will be minimised by not changing our behaviour,
have you changed yours? Are you still taking public transport, going to the cinema, shopping centres and concerts.
perhaps we are all nerds who spend most of our time in one room playing games!

Sailtheworld

GDB2222 said:

Sailtheworld said:

silvertooth said:

They are now predicting 80% of the uk will get infected over the next decade to 2030.

it started as 50% then 70% and now projected numbers are 80% total meltdown of society 

what will happen to property prices now?

Adults have, apparently, 2 to 3 colds per year and, for most people, Coronavirus won't be any worse than a cold. A 100% infection rate and the World still turns.

There's a name they give to people who wish for a total meltdown of society so they can buy a house with one of their mum's silver teaspoons - lifelong renters.

Comparing Cov-19 to a cold???!!

Everybody in the country, give or take a bit, is going to get Cov-19. What we still don't know is what proportion of the population it will kill. That's because we know the fatality rate amongst the seriously ill - that's about 2%. It's pretty speculative, but there's a thought that only around 5% of people will get seriously ill. So, it's not going to be like the Black Death.

Of course, the virus will mutate .... 

Silvertooth thinks society may breakdown if 80% of the population get Covid-19. I was demonstrating that the Earth still turns with 100% transmission of the common cold. What matters is the combination of transmission and fatality rate. In 5 years time Covid-19 will be just another Coronavirus that doesn't spread widely because immunity will have developed.

The media noise is clearly increasing (just wait until a celebrity gets it!) as cases increase but with that increase comes improved data. That data is showing that deaths calculated using assumptions of 100% transmission multiplied by 5% - 8% death rates with half a million homes becoming empty in the UK were just silly.

Other viruses will be along shortly. Eventually there will be one which does spread widely with high fatality rates - it's not this one though.