Coronavirus effect on property markets?

silvertooth

TheCheerleader said:

Back on topic... Even Martin says a slow down of the housing market is likely on the home page. 

I was getting concerned as we have a buyer from last summer,( looong delay, long story) prices had gone up since in the area we are looking, and houses were selling quickly. I am now seeing hardly anything new and also some reductions. We are thinking of stepping off the ladder and back on at a later point.

There are many like you also thinking of stepping off the ladder

sell to rent until the housing markets find a bottom

bit could be a while

Crashy_Time

silvertooth said:

Crashy_Time said:

triathlon said:

Looks like the markets are already taking this in their stride, plus China now looks like it is mopping up after a rough storm and getting back to normal. I was a little worried, but it does now look like this whole episode would have started and then finished in less than 6 months. Come Summer this will all be history thank goodness.

STOCKS	BONDS	CURRENCIES	COMMODITIES

S&P »

3,003.37

-2.81%

Dow »

25,917.41

-2.94%

Nasdaq »

8,684.09

-2.99%

FTSE 100 »

6,718.20

+0.95%

Nikkei 225 »

21,082.73

--

..and that`s AFTER the rate cut...LOL.

Crashy_Time said:

triathlon said:

Looks like the markets are already taking this in their stride, plus China now looks like it is mopping up after a rough storm and getting back to normal. I was a little worried, but it does now look like this whole episode would have started and then finished in less than 6 months. Come Summer this will all be history thank goodness.

STOCKS	BONDS	CURRENCIES	COMMODITIES

S&P »

3,003.37

-2.81%

Dow »

25,917.41

-2.94%

Nasdaq »

8,684.09

-2.99%

FTSE 100 »

6,718.20

+0.95%

Nikkei 225 »

21,082.73

--

..and that`s AFTER the rate cut...LOL.

It’s a bit like criminal bankers fired their last bullet at superman and the bullet just bounced off and they are think oh !!!!!! what do we do now 


 Things must be getting sparse in the bubble pump tool cupboard by now, can`t be much more than a couple of old spanners and a broken kitchen sink in there now, will they go for direct to citizens bank accounts next, and hope that even ill people will use it to shop from home on the internet? Whatever happens the supply chain/labour dynamic with China will never be the same again IMO.

Crashy_Time

TheCheerleader said:

Back on topic... Even Martin says a slow down of the housing market is likely on the home page. 

I was getting concerned as we have a buyer from last summer,( looong delay, long story) prices had gone up since in the area we are looking, and houses were selling quickly. I am now seeing hardly anything new and also some reductions. We are thinking of stepping off the ladder and back on at a later point.

 The Price Police have been much less active of late on here, even the most hopeful "property is my fortune" people must realise that this bubble is unsustainable now?

Sailtheworld

What's the definition of a slow down?Crashy_Time said:

TheCheerleader said:

Back on topic... Even Martin says a slow down of the housing market is likely on the home page. 

I was getting concerned as we have a buyer from last summer,( looong delay, long story) prices had gone up since in the area we are looking, and houses were selling quickly. I am now seeing hardly anything new and also some reductions. We are thinking of stepping off the ladder and back on at a later point.

 The Price Police have been much less active of late on here, even the most hopeful "property is my fortune" people must realise that this bubble is unsustainable now?

I've not looked to see what Martin said but I think you're extrapolating 'slow down' to mean 'the bursting of an unsustainable bubble'. 

Crashy_Time

Sailtheworld said:

What's the definition of a slow down?Crashy_Time said:

TheCheerleader said:

Back on topic... Even Martin says a slow down of the housing market is likely on the home page. 

I was getting concerned as we have a buyer from last summer,( looong delay, long story) prices had gone up since in the area we are looking, and houses were selling quickly. I am now seeing hardly anything new and also some reductions. We are thinking of stepping off the ladder and back on at a later point.

 The Price Police have been much less active of late on here, even the most hopeful "property is my fortune" people must realise that this bubble is unsustainable now?

I've not looked to see what Martin said but I think you're extrapolating 'slow down' to mean 'the bursting of an unsustainable bubble'. 

Property either powers ahead or it crashes ( a bit, or a lot) the third way recently has been Government/CB props to keep it afloat at too high prices. When people know their neighbour has been trying to sell for over a year it forces them, even if only subconsciously, to re-evaluate property and it`s value.

silvertooth

Crashy_Time said:

Sailtheworld said:

What's the definition of a slow down?Crashy_Time said:

TheCheerleader said:

Back on topic... Even Martin says a slow down of the housing market is likely on the home page. 

I was getting concerned as we have a buyer from last summer,( looong delay, long story) prices had gone up since in the area we are looking, and houses were selling quickly. I am now seeing hardly anything new and also some reductions. We are thinking of stepping off the ladder and back on at a later point.

 The Price Police have been much less active of late on here, even the most hopeful "property is my fortune" people must realise that this bubble is unsustainable now?

I've not looked to see what Martin said but I think you're extrapolating 'slow down' to mean 'the bursting of an unsustainable bubble'. 

Property either powers ahead or it crashes ( a bit, or a lot) the third way recently has been Government/CB props to keep it afloat at too high prices. When people know their neighbour has been trying to sell for over a year it forces them, even if only subconsciously, to re-evaluate property and it`s value.

And when this much manipulation has pushed up property far higher than it should the crash is far more intense 

Crashy_Time

silvertooth said:

Crashy_Time said:

Sailtheworld said:

What's the definition of a slow down?Crashy_Time said:

TheCheerleader said:

Back on topic... Even Martin says a slow down of the housing market is likely on the home page. 

I was getting concerned as we have a buyer from last summer,( looong delay, long story) prices had gone up since in the area we are looking, and houses were selling quickly. I am now seeing hardly anything new and also some reductions. We are thinking of stepping off the ladder and back on at a later point.

 The Price Police have been much less active of late on here, even the most hopeful "property is my fortune" people must realise that this bubble is unsustainable now?

I've not looked to see what Martin said but I think you're extrapolating 'slow down' to mean 'the bursting of an unsustainable bubble'. 

Property either powers ahead or it crashes ( a bit, or a lot) the third way recently has been Government/CB props to keep it afloat at too high prices. When people know their neighbour has been trying to sell for over a year it forces them, even if only subconsciously, to re-evaluate property and it`s value.

And when this much manipulation has pushed up property far higher than it should the crash is far more intense 

Exactly, and a debt laden economy is much more vulnerable to shocks such as the virus outbreak as well.

Malthusian

Crashy_Time said:

Sailtheworld said:

What's the definition of a slow down?Crashy_Time said:

TheCheerleader said:

Back on topic... Even Martin says a slow down of the housing market is likely on the home page. 

I was getting concerned as we have a buyer from last summer,( looong delay, long story) prices had gone up since in the area we are looking, and houses were selling quickly. I am now seeing hardly anything new and also some reductions. We are thinking of stepping off the ladder and back on at a later point.

 The Price Police have been much less active of late on here, even the most hopeful "property is my fortune" people must realise that this bubble is unsustainable now?

I've not looked to see what Martin said but I think you're extrapolating 'slow down' to mean 'the bursting of an unsustainable bubble'. 

Property either powers ahead or it crashes ( a bit, or a lot) the third way recently has been Government/CB props to keep it afloat at too high prices. When people know their neighbour has been trying to sell for over a year it forces them, even if only subconsciously, to re-evaluate property and it`s value.

And then they not only give you their house for free but give you a six-figure sum in cash gratis to recover your Breakeven Crash Ratio.

silvertooth

Crashy_Time said:

silvertooth said:

Crashy_Time said:

Sailtheworld said:

What's the definition of a slow down?Crashy_Time said:

TheCheerleader said:

Back on topic... Even Martin says a slow down of the housing market is likely on the home page. 

I was getting concerned as we have a buyer from last summer,( looong delay, long story) prices had gone up since in the area we are looking, and houses were selling quickly. I am now seeing hardly anything new and also some reductions. We are thinking of stepping off the ladder and back on at a later point.

 The Price Police have been much less active of late on here, even the most hopeful "property is my fortune" people must realise that this bubble is unsustainable now?

I've not looked to see what Martin said but I think you're extrapolating 'slow down' to mean 'the bursting of an unsustainable bubble'. 

Property either powers ahead or it crashes ( a bit, or a lot) the third way recently has been Government/CB props to keep it afloat at too high prices. When people know their neighbour has been trying to sell for over a year it forces them, even if only subconsciously, to re-evaluate property and it`s value.

And when this much manipulation has pushed up property far higher than it should the crash is far more intense 

Exactly, and a debt laden economy is much more vulnerable to shocks such as the virus outbreak as well.

The over leveraged banking system is fine while things are going up, but when things are going down like the markets now the banks are in real trouble.

the people will not stand for another banker bailout 

paparossco

silvertooth said:

paparossco said:

silvertooth said:

silh said:

Covid 20&21 are going to be far worse once it mutates 

Work on vaccines back the drawing board 

this is what you do to protect yourself 

https://youtu.be/nlRmUkZGxs4

That’s very good advice, this will help slow down the spread

'Designed in a lab'..... nuff said. Most people breath via the nose so sipping water ain't going to help. Sticky tape on your glasses to stop 'particles' entering via the eyes - priceless. The internet at its best.

It’s pretty much confirmed it was designed in a lab now

.....only by those who wear tinfoil hats and think the earth is flat......