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  1. #11
    Senior Member
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    Quote Originally Posted by value_investor View Post
    https://www.wired.co.uk/article/airb...navirus-london

    https://www.businessinsider.com.au/c...stralia-2020-3

    A couple of interesting developments right now in foreign markets. Interesting on what happens after these get pumped onto the rental markets, or into the housing markets and increase supply on that side. Whatever the net effect is, it won't get good on home owners..
    True about the AirBNB drying up. But the bigger impact in my opinion is the loss of jobs. Gov't bail outs for short term 3 - 6 months won't hold long if businesses don't come back. Property foreclosures and central banks can no longer lower interest rates. The next step would be banks will charge cash holders for keeping funds in their accounts. Remember... the deal with tourism is entirely dependent on peoples disposable income and savings. When that is all dried up... watch out.

  2. #12
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    Unemployment will definitely be the key factor in a NZ property drop. Unemployment always the key factor.

  3. #13
    Membaa
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    Nov 2004
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    Paradise
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    Here you go doomers, scare yourself witless with the mutations

    Stay at home.

  4. #14
    Legend
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    Apr 2008
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    Sth Island. New Zealand.
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    Quote Originally Posted by SBQ View Post
    True about the AirBNB drying up. But the bigger impact in my opinion is the loss of jobs. Gov't bail outs for short term 3 - 6 months won't hold long if businesses don't come back. Property foreclosures and central banks can no longer lower interest rates. The next step would be banks will charge cash holders for keeping funds in their accounts. Remember... the deal with tourism is entirely dependent on peoples disposable income and savings. When that is all dried up... watch out.
    With all the vacant air-bandb properties, how do landlords find new tenants, when they are only able to go to the supermarket or pharmacy?

  5. #15
    Legend
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    Quote Originally Posted by Baa_Baa View Post
    Here you go doomers, scare yourself witless with the mutations

    Stay at home.
    Thanks for that post. Certainly makes a point.

  6. #16
    Membaa
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    Paradise
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    Quote Originally Posted by fungus pudding View Post
    With all the vacant air-bandb properties, how do landlords find new tenants, when they are only able to go to the supermarket or pharmacy?
    They can't, simple. Looking at Auckland AirBnB rentals for April dated after the lock down, the competition in CBD is purely on price, almost ALL of them are discounted hugely to attract tenants. Renters market and for them it will only get better.

  7. #17
    Senior Member
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    Quote Originally Posted by Baa_Baa View Post
    Here you go doomers, scare yourself witless with the mutations

    Stay at home.
    Graph of heart attack deaths or road accident deaths would probably look similar.,

  8. #18
    Legend
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    Apr 2008
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    Quote Originally Posted by ynot View Post
    Graph of heart attack deaths or road accident deaths would probably look similar.,
    You obviously didn't play it.

  9. #19
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    Tauranga
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    Quote Originally Posted by fungus pudding View Post
    You obviously didn't play it.
    It's a brand new flue strain, of course is going to grow. I was implying this needs to be viewed in perspective.

  10. #20
    Member
    Join Date
    Apr 2010
    Posts
    307

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    Influenza virus and corona virus are two different virus. It is not just another flu strain. Stick to the facts please......

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