Coronavirus effect on property markets?

Sailtheworld

Thrugelmir wrote: »

Doesn't take much to get you on your trolling high horse. I used Apple as it's a simple example to comprehend........

I've bookmarked the thread and made a diary note for six months from now. Let's see what what Apple was an example of...if anything.

Obviously I'm praying that we're spared in the intervening months.

Sailtheworld

lisyloo wrote: »

Well done you, but many “chinatowns” are facing prejudice.
Not just London, but Paris, Singapore etc.

It's more stupidity than prejudice. People who are skipping a Chinese meal because of Coronavirus probably don't get their kids immunised either.

At least they can still vote because these simpletons are just the sort of people we need to help make big decisions.

gfplux

lisyloo said:

Thrugelmir wrote: »

Was simply using Apple as an example. Foxconn employ 250,000 people. That's a lot of lost output lost. The effects will ripple out through both the supply and delivery chains.

Many of us have contingency built into our plans including governments, individuals and business. I read about a business on bbc that said it would absorb increases temporarily from sourcing more expensive parts.
Bad news is not unexpected for any sensible business or individual.

The action being taken by many countries is to reduce the impact as much as possible.
The problem I see with doom mongers grasping onto worst case scenarios is that they fail to take into account the efforts to reduce the impacts and I am referring to

Governments pumping money into economies
Businesses absorbing costs or taking action e.g. reducing crude oil output
Individuals diversifying their risks
Government actions - quarantine, border controls etc.

I would be surprised if joe public in the uk is making serious plans e.g. putting house purchase on hold for this.

The same is true of no deal brexit. We will not just sit back and let the worse case scenario happen. The BOE, army (if necessary) I.e. massive resources would be available to stop the worst case scenario unfolding e.g. we’d get emergency medicine supplies in.

Just to be accurate. That is a no TRADE deal Brexit

gfplux

Supply chains are quite robust however switching to a more expensive supplier assumes that the more expensive supplier has immediate spare capacity and the necessary moulds and tooling.
today was/is decision day for some Chinese factories to open tomorrow. If they remain closed we may see some evidence of the effect quite soon.
This could effect housing if incomes are reduced but as there is little manufacturing in the UK the loss of overtime or short time working should be minimal.

Thrugelmir

Sailtheworld said:

Thrugelmir wrote: »

Doesn't take much to get you on your trolling high horse. I used Apple as it's a simple example to comprehend........

I've bookmarked the thread and made a diary note for six months from now. Let's see what what Apple was an example of...if anything.

Obviously I'm praying that we're spared in the intervening months.

I doubt that this meet your criteria. From 2 days ago. 

SEOUL: The most productive car factory in the world fell quiet on Friday as South Korea's Hyundai suspended operations at its giant Ulsan complex, hamstrung by a lack of parts with the coronavirus outbreak crippling China's industrial output.

The five-plant network can make 1.4 million vehicles annually, in a coastal location facilitating importing components and exporting cars globally.

But supply lines are crucial in an ever more interconnected worldwide economy and the coronavirus outbreak in China has seen Beijing order factories closed in several areas as it seeks to contain the epidemic.

As a result, Hyundai -- which with its affiliate Kia ranks as the world's fifth-largest auto manufacturer -- has run out of the wiring harnesses that connect vehicles' complex electronics.

https://www.bangkokpost.com/world/1852714/coronavirus-effects-shut-worlds-biggest-car-factory

Thrugelmir

lisyloo said:

Thrugelmir wrote: »

Was simply using Apple as an example. Foxconn employ 250,000 people. That's a lot of lost output lost. The effects will ripple out through both the supply and delivery chains.

Many of us have contingency built into our plans including governments, individuals and business. I read about a business on bbc that said it would absorb increases temporarily from sourcing more expensive parts.
Bad news is not unexpected for any sensible business or individual.

Hyundai aren't sensible then. Should have an immediate back up source. In case JIT breaks down. 

GDB2222

UK government has declared Coronavirus a serious threat to public health. It has a 5% mortality rate, and it could infect most of the population. That’s bound to have a huge effect on the economy, if it gets that bad. 

Sailtheworld

Thrugelmir said:

Sailtheworld said:

Thrugelmir wrote: »

Doesn't take much to get you on your trolling high horse. I used Apple as it's a simple example to comprehend........

I've bookmarked the thread and made a diary note for six months from now. Let's see what what Apple was an example of...if anything.

Obviously I'm praying that we're spared in the intervening months.

I doubt that this meet your criteria. From 2 days ago. 

SEOUL: The most productive car factory in the world fell quiet on Friday as South Korea's Hyundai suspended operations at its giant Ulsan complex, hamstrung by a lack of parts with the coronavirus outbreak crippling China's industrial output.

The five-plant network can make 1.4 million vehicles annually, in a coastal location facilitating importing components and exporting cars globally.

But supply lines are crucial in an ever more interconnected worldwide economy and the coronavirus outbreak in China has seen Beijing order factories closed in several areas as it seeks to contain the epidemic.

As a result, Hyundai -- which with its affiliate Kia ranks as the world's fifth-largest auto manufacturer -- has run out of the wiring harnesses that connect vehicles' complex electronics.

https://www.bangkokpost.com/world/1852714/coronavirus-effects-shut-worlds-biggest-car-factory

When your bias is nothing more than a sense of unease it's pretty easy to confirm. The first headline about Coronavirus gave you that sense of unease and the second confirmed it.

Sailtheworld

GDB2222 said:

UK government has declared Coronavirus a serious threat to public health. It has a 5% mortality rate, and it could infect most of the population. That’s bound to have a huge effect on the economy, if it gets that bad. 

If most of the population get infected and if 5% of them die then 3,000,000 in the UK are going to be meeting the grim reaper between now and September.
I think there's going to be quite a large gap between the maths and the reality.

Malthusian

GDB2222 said:

UK government has declared Coronavirus a serious threat to public health. It has a 5% mortality rate, and it could infect most of the population. That’s bound to have a huge effect on the economy, if it gets that bad. 

Yes, via a massive burst of spending as the survivors spend their accelerated inheritances or pay off debts. GDP / GNI will be virtually unchanged. That 5% is concentrated in the elderly with underlying health issues.