Coronavirus effect on property markets?

Thrugelmir

silvertooth said:

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. 

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

Let's see what the next 6 months brings first. 

gfplux

movilogo said:

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

Panic is NOT about logic.

gfplux

Sailtheworld 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. 

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

Don’t you have two sets of pumps? How strange.

gfplux

With large drops in share prices what happens to liquidity?
if there is no money to lend where do you go for your mortgage?

Thrugelmir

gfplux said:

With large drops in share prices what happens to liquidity?
if there is no money to lend where do you go for your mortgage?

Share prices will continue to fall as long as sellers exceed buyers.
Banks aren't short of liquidity. 

GDB2222

With a lot of this, what doesn’t kill me makes me stronger. So, some airlines will go bust, and those that survive will have the market to themselves.

i don’t think the idea that it’s only elderly folk who die from the virus is terribly helpful. It may make the teenagers feel better right now, but they will still be unhappy when their parents or gran die. And the virus may mutate and strike down the young. In fact, given that it will infect 6bn humans the virus definitely will mutate.

Crashy_Time

Sailtheworld said:

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.

I will make it more simple then.....supply chain breakdowns and credit market volatility are definitely going to affect property prices in a negative way. IMO.

triathlon

Crashy_Time said:

Sailtheworld said:

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.

I will make it more simple then.....supply chain breakdowns and credit market volatility are definitely going to affect property prices in a negative way. IMO.

Trouble with you predictions though is that everything over the last  decade was going to affect house prices, 100's of black swan events according to you that never happened. You might be right one day, but nobody is going to heed your warnings

silvertooth

gfplux said:

With large drops in share prices what happens to liquidity?
if there is no money to lend where do you go for your mortgage?

The bigger problems are when people stop paying their rents and mortgages 


first kids are not allowed to go to school which means parents can’t go to work, next every one doesn’t go to work

silvertooth

It’s been a long time now in China that people aren’t going to work, how are they paying their rents and mortgages? The answer is they are not.

how long before the banks collapse?

governments can print currency or these days just type zeros to expand currency supplies but this will now help people go back to work