Coronavirus effect on property markets?

silvertooth

buglawton said:

 silvertooth said:

buglawton said:

If the lockdown trend continues, only 35% of us will be earning full taxable incomes by the middle of the year. The government is going to need to get its tax from someone...

Nonsense the government can create currency out of thin air, they don’t need any tax.

there is no limit to how much currency governments can create out of thin air

tue USA just created $1.5 Trillion and have to the banks

but Hong Kong did the same and have $10K to every citizen over 18.

i think the government here in the UK should give thousands to everyone not just the bankers during this crisis 

So we're agreed, only 35% of us will be earning full taxable incomes by the middle of the year?

Pumping vast amounts of newly minted liquidity into the nation is two edged. Inflation is itself a tax and very hard indeed to get back into the bottle once it's out. Surely some of us recall the near 25% inflation of the '70s. It was chaotic and mainly benefited home owners and those with in demand skills or a strong union.

I think it will be far less than 35% due tot the fact that 99% of businesses in the world are seriously suffering in this crisis and it will lead to mass layoffs and huge rise in unemployment which leads to the surviving businesses doing even worse

we are looking at a complete crash akin to the Great Depression 

gfplux

lisyloo said:

gfplux said:

Having just seen some Facebook comments from Benidorm that the Spanish police are having to clear Brits off the closed beach. (Waiting to find if this is fake news)
This has prompted the thought that the reason Johnson will not close things down is because Brits have been educated to NOT respect laws, regulations experts and emergency closures.

I think there’s a serious issue with starting measures too early.
for example asking everyone with a sniffle to self isolate.
people might do this once but will they do it a second or third time? Especially if they don’t trust that it will have an effect.
i have every sympathy with people worried about having enough money to feed their children and then there are truly selfish people.
but yes I think some employees and employers won’t just obey

I agree that timing is very important. Also credibility is almost more important. Just to repeat if you have educated your society NOT to believe the “experts” there will be unintended consequences down the line.
We are now in the centre of a crisis where most would want to be guided by the experts but politicians have exploited experts for their own gain and we now reap the rewards. 
Johnson/trump are now leaving us all confused and vulnerable to every internet whisper.

Thrugelmir

gfplux said:

lisyloo said:

gfplux said:

Having just seen some Facebook comments from Benidorm that the Spanish police are having to clear Brits off the closed beach. (Waiting to find if this is fake news)
This has prompted the thought that the reason Johnson will not close things down is because Brits have been educated to NOT respect laws, regulations experts and emergency closures.

I think there’s a serious issue with starting measures too early.
for example asking everyone with a sniffle to self isolate.
people might do this once but will they do it a second or third time? Especially if they don’t trust that it will have an effect.
i have every sympathy with people worried about having enough money to feed their children and then there are truly selfish people.
but yes I think some employees and employers won’t just obey

Johnson/trump are now leaving us all confused and vulnerable to every internet whisper.

But you don't live in the USA or the UK? 

Why hasn't Luxembourg closed it's borders. 

silvertooth

gfplux said:

lisyloo said:

gfplux said:

Having just seen some Facebook comments from Benidorm that the Spanish police are having to clear Brits off the closed beach. (Waiting to find if this is fake news)
This has prompted the thought that the reason Johnson will not close things down is because Brits have been educated to NOT respect laws, regulations experts and emergency closures.

I think there’s a serious issue with starting measures too early.
for example asking everyone with a sniffle to self isolate.
people might do this once but will they do it a second or third time? Especially if they don’t trust that it will have an effect.
i have every sympathy with people worried about having enough money to feed their children and then there are truly selfish people.
but yes I think some employees and employers won’t just obey

I agree that timing is very important. Also credibility is almost more important. Just to repeat if you have educated your society NOT to believe the “experts” there will be unintended consequences down the line.
We are now in the centre of a crisis where most would want to be guided by the experts but politicians have exploited experts for their own gain and we now reap the rewards. 
Johnson/trump are now leaving us all confused and vulnerable to every internet whisper.

Absolutely we just don’t know what to believe 

The consequences are when they say no need to panic buy everybody goes and panic buys

when they say hospitals won’t be overrun everyone knows hospitals will be overrun

buglawton

Confidence is important. So for example if you knew that our ICUs have plenty of capacity and the fatality rate were low, people may be less panicked and life may get back to normal more quickly. Germany is ticking along with 4x the cases (they are ahead of the UK in time) but a fatality rate per case apparently a quarter of the UK's. Is it because of a better funded health service? It'll be survival of the fittest (economy).

The country comparison dashboard:
https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6

gfplux

Thrugelmir said:

gfplux said:

lisyloo said:

gfplux said:

Having just seen some Facebook comments from Benidorm that the Spanish police are having to clear Brits off the closed beach. (Waiting to find if this is fake news)
This has prompted the thought that the reason Johnson will not close things down is because Brits have been educated to NOT respect laws, regulations experts and emergency closures.

I think there’s a serious issue with starting measures too early.
for example asking everyone with a sniffle to self isolate.
people might do this once but will they do it a second or third time? Especially if they don’t trust that it will have an effect.
i have every sympathy with people worried about having enough money to feed their children and then there are truly selfish people.
but yes I think some employees and employers won’t just obey

Johnson/trump are now leaving us all confused and vulnerable to every internet whisper.

But you don't live in the USA or the UK? 

Why hasn't Luxembourg closed it's borders. 

Perhaps when the Two loudest western country talk we have no choice but listen.
Perhaps the Luxembourg Government are following Johnson and his “expert” advisers!

Thrugelmir

gfplux said:

Thrugelmir said:

gfplux said:

lisyloo said:

gfplux said:

Having just seen some Facebook comments from Benidorm that the Spanish police are having to clear Brits off the closed beach. (Waiting to find if this is fake news)
This has prompted the thought that the reason Johnson will not close things down is because Brits have been educated to NOT respect laws, regulations experts and emergency closures.

I think there’s a serious issue with starting measures too early.
for example asking everyone with a sniffle to self isolate.
people might do this once but will they do it a second or third time? Especially if they don’t trust that it will have an effect.
i have every sympathy with people worried about having enough money to feed their children and then there are truly selfish people.
but yes I think some employees and employers won’t just obey

Johnson/trump are now leaving us all confused and vulnerable to every internet whisper.

But you don't live in the USA or the UK? 

Why hasn't Luxembourg closed it's borders. 

Perhaps when the Two loudest western country talk we have no choice but listen.
Perhaps the Luxembourg Government are following Johnson and his “expert” advisers!

As my transatlantic dinner guest said to me last night Trump's one and only approach is America first. 
Why hasn't the EC coordinated an approach?  With one key spokesperson. 

silvertooth

Can anybody answer this question 


As the UK are saying China did it wrong by going into lockdown?

what would China be like now if they did the same as the UK and didn’t go into lockdown?

MobileSaver

silvertooth said:

Absolutely we just don’t know what to believe

Perhaps but the vast majority of sane, rational people know what NOT to believe and that is Youtube videos and silver rampers such as yourself.

MobileSaver

buglawton said:

Germany is ticking along with 4x the cases but a fatality rate per case apparently a quarter of the UK's. Is it because of a better funded health service

I'd be very wary of jumping to any conclusions on such tiny numbers; we are talking about 21 confirmed UK deaths out of a population of around 66 million.