re: How long of a quarantine required for the housing market to crash?

quote:

---

How long of a quarantine required for the housing market to crash?

---

In cenfla it has already crashed homes aren't selling, real estate agents stopped doing open houses. People are more worried about toilet paper than moving to a big new house.

I've got two rental units that have been advertised since Feb and I've got no calls to see the apartments since last month. At this time, no one is moving because of virus fears. In a few months when these small businesses go under, no one will have the money to move.

Couple that with the uncertainty of jobs and employment and the market has tanked. Trump expects this shut down to last until August. How many people will still have work then?

Employment in the Restaurant, Retail, Hotel, Travel, Airline industries are going to be non existent and the jobless aren't going to be buying houses. The banks will be foreclosing on theirs.

The market will be flooded with cheap foreclosed housing with very few buyers in the fall. This will be worse than 2008.

China has crippled the west economically with this virus. China 1, USA 0.