Coronavirus effect on property markets?

silvertooth

buglawton said:

silvertooth said:

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 

By which time the mortgage offer may have expired. If you're a cash buyer you're king and I'd probably reduce the offer sharply on that basis.

The question is will the banks survive the first quarter 2020?

if not what are the consequences of a total financial meltdown?

MobileSaver

silvertooth said:

it’s all fake news

The only fake news is from charlatans like you.

silvertooth said:

The queen and her husband have it, they got it off the pope

silvertooth said:

we are talking about hundreds of millions dead in a few years time

I am all for free speech but there really ought to be consequences for people like you who deliberately and knowingly spread fake news like this.

_mayonnaise_

Your post is highly irresponsible and quite frankly stupid silvertooth.  Its not anything like AIDS.  When you have no medical qualification whatsoever please keep your mouth shut and adding to the misinformation that the internet spreads.

Just report the guy. I just did.

We had silver ramping on these forums forever, but spreading misinformation and conspiracy theories about Covid-19 is a whole different matter.

movilogo

One thing we all need to remember that once a critical mass of people are affected, it will soon affect nearly everyone! No one can escape. You may keep yourself confined in a basement for 2 weeks but as soon as you come out, you are vulnerable.
Only real defense is your body immunity - until vaccine is discovered (which won't happen soon anyway).

ChopperST

_mayonnaise_ said:

Your post is highly irresponsible and quite frankly stupid silvertooth.  Its not anything like AIDS.  When you have no medical qualification whatsoever please keep your mouth shut and adding to the misinformation that the internet spreads.

Just report the guy. I just did.

We had silver ramping on these forums forever, but spreading misinformation and conspiracy theories about Covid-19 is a whole different matter.

Done.  As an NHS worker this is serious now and hyberbole needs to quashed.

ChopperST

movilogo said:

One thing we all need to remember that once a critical mass of people are affected, it will soon affect nearly everyone! No one can escape. You may keep yourself confined in a basement for 2 weeks but as soon as you come out, you are vulnerable.
Only real defense is your body immunity - until vaccine is discovered (which won't happen soon anyway).

Fit and healthy people simply need to catch the disease and help improve our herd immunity.  What we need to try and do is let this happen in a controlled manner and when people do inevitably catch it stay away from the vulnerable in their family.

movilogo

In that case, rather than locking everyone in country why doesn't the govt. ask only the vulnerable to stay inside??

ChopperST

movilogo said:

In that case, rather than locking everyone in country why doesn't the govt. ask only the vulnerable to stay inside??

I would imagine thats more an economic consideration than medical.  If the whole "healthy" adult population gets the virus at the same time and has to isolate themselves then the country would grind to a hault.  Smoothing the infection curve over a longer timeframe mitigates against this.
Its a valid point and I'm sure someone wiser than me can answer the question better.

movilogo

It could be a ploy to push the lock down during Easter Holidays when most people will be on holiday anyway - thus less impact on economy.
Although there is already a massive impact on economy. Some airlines are days away from going bust, travel and hospitality industries are suffering, stock market down etc.

Sailtheworld

movilogo said:

In that case, rather than locking everyone in country why doesn't the govt. ask only the vulnerable to stay inside??

The quick and easy way to build a herd immunity is to actively seek infection as soon as possible and most people will be just fine. However, that would mean a very sharp peak and strain on the NHS. Trying to slow the spread the peak spreads those needing NHS care over a longer period of time. It also pushes us towards summer when the rate of transmission will fall.

There's no perfect solution. It's a series of trade offs.