Mudcat Café message #4060417 The Mudcat Café TM
Thread #167504   Message #4060417
Posted By: Mr Red
20-Jun-20 - 05:52 PM
Thread Name: BS: New news on the pandemic COVID-19
Subject: RE: BS: New news on the pandemic
There's a guy here who reckons house prices in the US are rising because: 1) low interest rates are encouraging buyers (millennials) & 2) sellers have taken there's of the market unwilling to allow potential COVIDers to breach the shelter in place. Demand higher than supply, up goes the price.

And I can't see that mechanism being any different in the UK.

So we may see an overheated market, with a swift readjustment. Now wasn't that what happened in 2008? Co-factors are different but the effect will be the same. Second wave (COVID), double dip recession?