- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
1
Posted on 3/17/20 at 3:58 pm to Tshiz
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.
This post was edited on 3/17/20 at 4:02 pm
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.
Posted on 3/17/20 at 4:02 pm to MojoGuyPan
quote:
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.
No
Posted on 3/17/20 at 4:03 pm to Paul Allen
quote:
The economy is fundamentally solid.
Posted on 3/17/20 at 4:03 pm to jdaute2
quote:I find it difficult to believe someone actually would voluntarily publicly post a statement that shows them to be so dumb.
Hopefully someone will jump on these low interest rates and buy my damn house. Been trying to sell for over 18 months. Frustrating as shite.
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 4:06 pm to soccerfüt
States that have oil and gas are about to have a crash. Layoffs will be coming soon in a big way.
27 dollar a barrel oil puts a lot of companies OOB.
27 dollar a barrel oil puts a lot of companies OOB.
Posted on 3/17/20 at 4:07 pm to iAmBatman
quote:
Do you think a lot of those people own homes?
I don't live in a rural area. Where I live, these layoffs include managerial staff and salespeople of corporate event meetings, lighting/sound engineers for concerts etc etc etc. . .
It's not only wait staff at the Waffle House, so, yes, many who do own or are buying homes/expensive condos.
How much it affects the market I do not know but it does make your "who's getting laid off" comment seem a bit uninformed.
Posted on 3/17/20 at 4:09 pm to MojoGuyPan
quote:
Hey idiot,
Hey!
replying to OP saying the housing market would collapse in 4 weeks due to layoffs. Someone pointed out the layoffs bc of the service industry. I don’t think that will happen
Posted on 3/17/20 at 4:26 pm to wm72
I seriously doubt those people are going to cause an housing market crash.
Posted on 3/17/20 at 4:29 pm to jdaute2
quote:
Hopefully someone will jump on these low interest rates and buy my damn house. Been trying to sell for over 18 months.
Hint: You're asking too much.
Posted on 3/17/20 at 4:53 pm to Tshiz
Idk, I’ve been trying to buy in Mandeville, kind of at a stand still right now with nothing new coming into the market with all this madness
Posted on 3/17/20 at 5:18 pm to MojoGuyPan
quote:
Hey idiot, Trump says to expect the restrictions through August.
They clarified this yesterday and that is not what he meant.
Posted on 3/17/20 at 5:22 pm to kciDAtaE
(no message)
This post was edited on 10/19/21 at 12:01 am
Posted on 3/17/20 at 5:25 pm to Tshiz
my pops redfin estimate been up this week so idk yet dude
Posted on 3/17/20 at 5:25 pm to Paul Allen
quote:
The economy is fundamentally solid
Then explain the multiple rate cuts long before the wuflu.
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
Posted on 3/17/20 at 5:28 pm to Mr Perfect
(no message)
This post was edited on 10/19/21 at 12:01 am
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News