Coronavirus effect on property markets?

gfplux

This article in the Lux Times was a prediction today but is probably what will be in place by the start of business tomorrow.
https://luxtimes.lu/business-finance/39969-hourly-bleach-may-follow-travel-bans-at-banks
QUOTE

Big banks around the world are rushing to ensure they can keep Wall Street humming through a coronavirus pandemic. The travel curbs have begun -- the next steps will upend daily life on trading desks.

Firms are prepping plans that include: Activating backup sites and splitting up teams, so if an outbreak hits one office, their colleagues can continue elsewhere. Sanitizing every surface hourly -- from traders’ desks and phones to the elevator buttons. Shutting company gyms and maybe cafeterias. Designating rooms to send sickened staff until an ambulance arrives.

END QUOTE

gfplux

This article is an overview of the financial impact but does not mention housing. It contains very unpleasant possibilities so only read it if you are not upset by flash photography!
https://luxtimes.lu/world/39974-global-profit-warnings-are-spreading-as-fast-as-the-virus

silvertooth

Panic buying has started around my way

toilet rolls all sold out, well only the super expensive ones left

pasta all sold out completely 

GDB2222

Excellent. You need to treat your bum to decent toilet paper.

Crashy_Time

triathlon said:

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

Can you quote three that I have definitely mentioned, not one`s you made up?

Crashy_Time

silvertooth said:

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

Of course after many years of super low mortgage payments many people in the UK will have salted away two or three years living expenses.....surely?........the initial hit will be to BTL and AirBnb as people stay put due to the virus and the looming No Deal Brexit.

silvertooth

Crashy_Time said:

silvertooth said:

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

Of course after many years of super low mortgage payments many people in the UK will have salted away two or three years living expenses.....surely?........the initial hit will be to BTL and AirBnb as people stay put due to the virus and the looming No Deal Brexit.

What do you mean the looming no deal brexit? I thought it was done and sealed?

GDB2222

silvertooth said:

Crashy_Time said:

silvertooth said:

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

Of course after many years of super low mortgage payments many people in the UK will have salted away two or three years living expenses.....surely?........the initial hit will be to BTL and AirBnb as people stay put due to the virus and the looming No Deal Brexit.

What do you mean the looming no deal brexit? I thought it was done and sealed?

Lots of people have no clue at all about Brexit.

triathlon

Crashy_Time said:

triathlon said:

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

Can you quote three that I have definitely mentioned, not one`s you made up?

I have better things to do then scroll through your 9,000 posts over all these years looking for negative posts we all know you posted.
Why can't you be honest, you have been throwing out crash scenarios like confetti for years now on here along with you contributions on that other cult website you hang around in

Thrugelmir

silvertooth said:

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

China is a one party state. There'll be no problems there.