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re: How long of a quarantine required for the housing market to crash?
Posted on 3/17/20 at 3:59 pm to wm72
Posted on 3/17/20 at 3:59 pm to wm72
quote:
Most bars, restaurants, companies that do event production etc are laying off employees so they will eligible for unemployment benefits since they don't know when they'll reopen. That's a ton of layoffs right there.
I think the housing market can handle bartenders and servers not getting paid for a month.
2
Posted on 3/17/20 at 4:06 pm to kciDAtaE
quote:
I think the housing market can handle bartenders and servers not getting paid for a month.
Hey idiot, Trump says to expect the restrictions through August. That is six months of no work for the service industry. Shopping centers closed, retail employment will tank.
This is a major economic catastrophe. Just look at how much the NCAA and NBA have lost by cancelling. Now look at airline industry, hospitality, service.
Not everyone is white collar and can work from home. The majority can't.
This post was edited on 3/17/20 at 4:06 pm
Posted on 3/17/20 at 5:28 pm to kciDAtaE
This virus will have more impact on renters. Renters can't make payment and the landlord can't pay mortgages therefore housing market will crash. It's a chain effect
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