Coronavirus effect on property markets?

triathlon

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.

We have been here before, potential sellers will just put it off for a while, they know the demand will be sat waiting again.

triathlon

Crashy_Time said:

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. I love the way you keep using "IMO" in my opinion.
Seriously, had I/we listened to you opinions and followed them we would all be bankrupt and living in bedsits without our wives and husbands by now.

Thrugelmir

silvertooth said:

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 

While the banks have spent the last decade leveraging down. Individuals have been leveraging up. More debt now than before the GFC. 

snowqueen555

I wish, a cheeky 15-20% drop and I would be in dream land.

TheCheerleader

triathlon said:

TheCheerleader said:

We have been here before, potential sellers will just put it off for a while, they know the demand will be sat waiting again.

Erm .. actually no we have not, it’s a perfect storm. 

The economy will not recover this year, a worldwide recession is looming. 

China will for the first time in 10 years show negative growth.
 Covid-19 is keeping people from travelling, socialising, eating out, going to theatres,cinemas, concerts etc.
A no deal brexit also on the horizon.

TheCheerleader

snowqueen555 said:

I wish, a cheeky 15-20% drop and I would be in dream land.

Absolutely! I believe the majority of people would welcome a drop to more realistic levels, I for one would not like to see the misery of a full on crash.

triathlon

TheCheerleader said:

triathlon said:

TheCheerleader said:

We have been here before, potential sellers will just put it off for a while, they know the demand will be sat waiting again.

Erm .. actually no we have not, it’s a perfect storm. 

The economy will not recover this year, a worldwide recession is looming. 

China will for the first time in 10 years show negative growth.
 Covid-19 is keeping people from travelling, socialising, eating out, going to theatres,cinemas, concerts etc.
A no deal brexit also on the horizon.

Erm ... Yet another perfect storm, lost count how many we have had now

triathlon

TheCheerleader said:

snowqueen555 said:

I wish, a cheeky 15-20% drop and I would be in dream land.

Absolutely! I believe the majority of people would welcome a drop to more realistic levels, I for one would not like to see the misery of a full on crash.

That's at least good news then, because you are joining about 99% of the country that does not believe that a  20% plus crash  will happen either

Nebulous2

TheCheerleader said:

triathlon said:

TheCheerleader said:

We have been here before, potential sellers will just put it off for a while, they know the demand will be sat waiting again.

Erm .. actually no we have not, it’s a perfect storm. 

The economy will not recover this year, a worldwide recession is looming. 

China will for the first time in 10 years show negative growth.
 Covid-19 is keeping people from travelling, socialising, eating out, going to theatres,cinemas, concerts etc.
A no deal brexit also on the horizon.

Forecast for Chinese growth this year of 4.6%. Very low by historic standards, but not negative. 

TheCheerleader

The Chinese are going to post their first quarter of negative growth for 10 years. It is not a yearly forecast.