Coronavirus effect on property markets?

Sailtheworld

silvertooth said:

Sailtheworld said:

silvertooth said:

For the last 4500 years the gold to silver ratio averaged 16 parts silver valued the same as one of gold.

On a 45 foot chat every foot is a 100 years the ratio never goes above 16:1. Then the last foot on the chart 1920-2020 it temporarily shoots up to 100:1 where it is today.

this is an amazing gift to be able to buy silver so cheap compared to gold.

May as well read tea leaves.

Are tea leaves going to tell you how bad things are going to get?

No, but neither will today's ratio of silver to gold prices compared to 4500 years ago either.

Thrugelmir

gfplux said:

Thrugelmir said:

gfplux said:

Thrugelmir said:

gfplux said:

silvertooth said:

One good thing about the pandemic is how many people now want to move away from the cities.

lots of big companies are asking people to work from home and this trend will likely continue after the crisis is over.

property prices in cities will fall a long way even further now

good for lower London prices 

every cloud and all

So move from London and buy a house on a flood plain. Good idea.

London is a flood plain. 

Does it actually flood or did the London centric Government build something to stop it flooding?

Why do you think that the Thames barrier was built. 

A correct answer. Yes the London Centric Government built the Thames barrier with little or no opposition to the cost.

With global warming may not be enough. I can recall flooding in my lifetime. The cost of not having the barrier is immeasurable. 

Sailtheworld

gfplux said:

My local Supermarket has plenty of toilet rolls in stock. At the time of my visit (I didn’t buy any) I was the only customer in the toilet roll area.

In mine all the cheap toilet roll has gone. Plenty of Andrex and stuff impregnated with Aloe Vera though. Just shows it's possible to plan for the end of the World and be thrifty at the same time.

tommyedinburgh

In the process of purchasing a buy to let, a closing date has been set tomorrow on a property we are keen on, I'm getting wobbled by the current global picture, don't know whether or not to proceed.

Sailtheworld

Thrugelmir said:

gfplux said:

Thrugelmir said:

gfplux said:

Thrugelmir said:

gfplux said:

silvertooth said:

One good thing about the pandemic is how many people now want to move away from the cities.

lots of big companies are asking people to work from home and this trend will likely continue after the crisis is over.

property prices in cities will fall a long way even further now

good for lower London prices 

every cloud and all

So move from London and buy a house on a flood plain. Good idea.

London is a flood plain. 

Does it actually flood or did the London centric Government build something to stop it flooding?

Why do you think that the Thames barrier was built. 

A correct answer. Yes the London Centric Government built the Thames barrier with little or no opposition to the cost.

With global warming may not be enough. I can recall flooding in my lifetime. The cost of not having the barrier is immeasurable. 

That 1928 flood was terrible wasn't it?

silvertooth

RBS making noises about expected mortgage defaults due to LLs not getting rents from their tenants

silvertooth

tommyedinburgh said:

In the process of purchasing a buy to let, a closing date has been set tomorrow on a property we are keen on, I'm getting wobbled by the current global picture, don't know whether or not to proceed.

No harm in delaying, it’s a given prices are going to be much lower looking forward 

lisyloo

gfplux said:

Thrugelmir said:

gfplux said:

Thrugelmir said:

gfplux said:

silvertooth said:

One good thing about the pandemic is how many people now want to move away from the cities.

lots of big companies are asking people to work from home and this trend will likely continue after the crisis is over.

property prices in cities will fall a long way even further now

good for lower London prices 

every cloud and all

So move from London and buy a house on a flood plain. Good idea.

London is a flood plain. 

Does it actually flood or did the London centric Government build something to stop it flooding?

Why do you think that the Thames barrier was built. 

A correct answer. Yes the London Centric Government built the Thames barrier with little or no opposition to the cost.

Going off topic a bit but it makes sense to save economically and important cities and also is logical from this point of view to centralise,
we should be honest that it doesn’t make a economic sense to save every house or even every village in the uk 

silvertooth

Jonbvn said:

Italy has just suspended mortgage payments according to a BBC article.
https://www.bbc.com/news/business-51814481
It sounds like they are proposing payment holidays.

Is there no interest applied during the holiday?

what about tenants not able to pay their rent? Is the government going to give all landlords a holiday on their mortgages and if so how long until the banks totally collapse due to no income?

Jonbvn

silvertooth said:

Jonbvn said:

Italy has just suspended mortgage payments according to a BBC article.
https://www.bbc.com/news/business-51814481
It sounds like they are proposing payment holidays.

Is there no interest applied during the holiday?

what about tenants not able to pay their rent? Is the government going to give all landlords a holiday on their mortgages and if so how long until the banks totally collapse due to no income?

I am not familiar with how such things works in Italy. In the UK, any mortgage payment holiday still accrues interest, so the bank still get to eat.

With private tenants, if things become as desperate as some anticipate then IMHO no court will issue eviction orders.