Coronavirus effect on property markets?

gfplux

Thrugelmir said:

Crashy_Time said:

Sea_Shell said:

Sailtheworld said:

gfplux said:

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!

I'm the least bothered person but I've changed behaviour - I cancelled a business trip to SE Asia. Last thing I need is to catch a cold, spend two weeks in foreign quarantine and a further two weeks in a UK army camp on arrival home.

I saw on the BBC Simon Calder was telling people to fill their boots with bargain holidays. I won't be doing that.

By not travelling, that's being part of the solution, rather than part of the (ongoing) problem.   

Travelling "on purpose" just because you've bagged a bargain, in the current climate, seems wrong to me.

Purely from a health POV rather than a wider economic POV.

 TBH taking an extended rest from lurching round the shopping centres then stuffing the face at Greggs/McDonalds then putting the phone back up to face to shuffle round some more shops could be the healthiest thing to happen to some UK residents in a long time.

All those touch screen order points are putting peoples health at risk anyway. Prefer ordering etc via a human being. 

Ugh! Those self check out screens never ever get cleaned, yuck!

triathlon

Sailtheworld said:

Crashy_Time said:

Sea_Shell said:

Sailtheworld said:

gfplux said:

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!

I'm the least bothered person but I've changed behaviour - I cancelled a business trip to SE Asia. Last thing I need is to catch a cold, spend two weeks in foreign quarantine and a further two weeks in a UK army camp on arrival home.

I saw on the BBC Simon Calder was telling people to fill their boots with bargain holidays. I won't be doing that.

By not travelling, that's being part of the solution, rather than part of the (ongoing) problem.   

Travelling "on purpose" just because you've bagged a bargain, in the current climate, seems wrong to me.

Purely from a health POV rather than a wider economic POV.

Exactly, much as I`m sure the US/UK authorities are spinning/hoping like mad to keep the shopping malls/credit card sales ticking over to save their precious debt bubble I am pretty sure that health is going to trump propping up banks balance sheets for most people. If only it was a virus that didn`t kill, just laid people low for a few months then we could really enjoy watching the bankers squirm. Of course on here many posters can`t see past their house bubble price and that clouds all other judgements IMO, for example see some of the early pronouncements from posters on here about how this was an event of near zero significance! TBH taking an extended rest from lurching round the shopping centres then stuffing the face at Greggs/McDonalds then putting the phone back up to face to shuffle round some more shops could be the healthiest thing to happen to some UK residents in a long time.

Come on Crashy if anyone's judgement is clouded by 'bubble house prices' it's yours.

Eventually a stopped clock will be right.
And decent/good  investors, or more relevant to this board property investors knew eventually times would get tougher, and personally I have no complaints. I have had a ball since the mid 1990's where unlike many people who have called 100's of crash scenarios I called JUST ONE which was in late 2006 and actually took place in 2007/08 in the form of a financial crisis and turned out not as nearly as bad as most thought it would including me.
We now have the coronavirus which is way above any other major issue going on in the UK/world, along with what now appears to be the threat of a hard Brexit. So at last I will join the doom mongers and for the 2nd time in 20 years and I will hold my hands up and say the economy and house prices are "likely" to be badly hit, not certain though.

It's the 100's of times though where I ignored the 100's of screams of panic from certain people though over 20 years that is going to see me OK, rather than me having a load of wealth I maybe now will have a load of wealth minus 15%, and before someone says it will be far worse I could take a greater than 50% hit and still have a nice life.
Hope everyone is prepared though, the doomsters who have been sat wishing their lives away are going to be  going on about it left right and centre  now, a final victory at last for them, what a wasted life.

But above everything else my biggest concern is for people that will be badly affected by this virus, peoples lives and wellbeing is far more important than money, some need to remember that before rubbing their hands with glee.

GDB2222

gfplux said:

Thrugelmir said:

Crashy_Time said:

Sea_Shell said:

Sailtheworld said:

gfplux said:

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!

I'm the least bothered person but I've changed behaviour - I cancelled a business trip to SE Asia. Last thing I need is to catch a cold, spend two weeks in foreign quarantine and a further two weeks in a UK army camp on arrival home.

I saw on the BBC Simon Calder was telling people to fill their boots with bargain holidays. I won't be doing that.

By not travelling, that's being part of the solution, rather than part of the (ongoing) problem.   

Travelling "on purpose" just because you've bagged a bargain, in the current climate, seems wrong to me.

Purely from a health POV rather than a wider economic POV.

 TBH taking an extended rest from lurching round the shopping centres then stuffing the face at Greggs/McDonalds then putting the phone back up to face to shuffle round some more shops could be the healthiest thing to happen to some UK residents in a long time.

All those touch screen order points are putting peoples health at risk anyway. Prefer ordering etc via a human being. 

Ugh! Those self check out screens never ever get cleaned, yuck!

I’ve just bought a box of disposable rubber gloves! As long as the screens are capacitative ...

Sailtheworld

Crashy_Time said:

Really? So my call that this has a long way to run with credit market/supply chain knock on effects is clouded by bubble house prices? 

All your calls involve taking today's headline and back calculating to work out how it'll lead to declining house prices. You'll throw in some macro buzz words to make it sound vaguely thought out for the people you're trying to scare on the house buying board but it doesn't wash here.

Sailtheworld

Thrugelmir said:

Crashy_Time said:

Sea_Shell said:

Sailtheworld said:

gfplux said:

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!

I'm the least bothered person but I've changed behaviour - I cancelled a business trip to SE Asia. Last thing I need is to catch a cold, spend two weeks in foreign quarantine and a further two weeks in a UK army camp on arrival home.

I saw on the BBC Simon Calder was telling people to fill their boots with bargain holidays. I won't be doing that.

By not travelling, that's being part of the solution, rather than part of the (ongoing) problem.   

Travelling "on purpose" just because you've bagged a bargain, in the current climate, seems wrong to me.

Purely from a health POV rather than a wider economic POV.

 TBH taking an extended rest from lurching round the shopping centres then stuffing the face at Greggs/McDonalds then putting the phone back up to face to shuffle round some more shops could be the healthiest thing to happen to some UK residents in a long time.

All those touch screen order points are putting peoples health at risk anyway. Prefer ordering etc via a human being. 

Are you the person I keep getting stuck behind at petrol stations who won't use the pay at pump?

movilogo

When I first read this thread, I laughed.
But I now do think, based on panic everywhere, this will have some impact on economy and hence to property prices. 

silvertooth

By the end of this decade the world will be a completely different place with a greatly reduced population and far less quality of life for those who have so far survived the virus 


https://youtu.be/qzq4kH6Bruk

silvertooth

Just talking without a mask is arosolising the virus which can then land anywhere


but the uk has no culture for wearing masks people still today look at you funny if you wear a mask in public if you are a Brit 

but Asians are expected to wear masks now

silvertooth

movilogo said:

When I first read this thread, I laughed.
But I now do think, based on panic everywhere, this will have some impact on economy and hence to property prices. 

Yes I think this sums up the experience of many on here

some are still at the laughing stage even though the stock markets have broken all time records for largest point falls in all time

and we ain’t seen nothing yet, what will the situation be in a few years of this nightmare?

all those sellers are desperate to try to sell before even larger falls inevitably happen

movilogo

https://www.worldometers.info/coronavirus/coronavirus-age-sex-demographics/
The fatality rate still mostly confined to old people with weak immune system.