Coronavirus (COVID-19 Outbreak) (68 Viewers)

[duranfj]

From Twitter


AirBnB is about to crash the US housing market. Thousands of super-hosts who bought 10, 20, 30 properties with mortgages and are heavily levered...are all about to default.
Without travel there is no rental income to pay these mortgages.

In 2-3 months - 2008 all over again
Boom


Sent from my iPhone using Tapatalk

2008? Not even close, we are in something way bigger than that. 2008 could have been started with mortgage but at the end was a financial crisis, this one is going to be general, oil, financial, production, demand. It's everything

 

Buy on AliExpress.com

[Elvin]

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Don't full yourself. Duck tape is the first thing any astronaut put in their pocket

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IMO that's just wishful thinking. In some decades we are going to be first row spectator of how they become the clear leaders in the world.

It's clear what the US sold to the world and became a leader. People saw that Americans live well and wanted that too.
WTF does China have to offer to the world? Who the fuck would wanna follow them?

 

[duranfj]

It's clear what the US sold to the world and became a leader. People saw that Americans live well and wanted that too.
WTF does China have to offer to the world? Who the fuck would wanna follow them?

 

[Bjerknes]

From Twitter


AirBnB is about to crash the US housing market. Thousands of super-hosts who bought 10, 20, 30 properties with mortgages and are heavily levered...are all about to default.
Without travel there is no rental income to pay these mortgages.

In 2-3 months - 2008 all over again
Boom


Sent from my iPhone using Tapatalk

Certainly possible, but I'd be curious to see how much of the mortgage market that actually encompasses.

 

[campionesidd]

Certainly possible, but I'd be curious to see how much of the mortgage market that actually encompasses.

Agreed, how many airbnb owners have so many properties? And what fraction of those owners would actually default if they can't make 3-4 months revenue.
I'd like to see some numbers, some percentages.

 

[Bjerknes]

Agreed, how many airbnb owners have so many properties? And what fraction of those owners would actually default if they can't make 3-4 months revenue.
I'd like to see some numbers, some percentages.

And that's just one segment of the mortgage market. I'd be more concerned with commercial mortgages as whole, which are also leveraged and won't have anyone actually living in them, unlike houses.

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[Alex-444]

 

[campionesidd]

563 dead in the UK in the last 24 hours.

 

[IliveForJuve]

It's crazy. I'm a litigation lawyer for insurance companies and most firms in that particular field have between 5 and 10 lawyers. So you can expect everyone to know everyone and because you meet the same people over and over again 'teams' form. Being kicked out of a team and having to join another team is very much like leaving Milan for Juventus. If you earn more money at your new team everyone hates your guts and your former teammates despise you.

I have not heard a word from them in months. Fuckers used to act as if they were my best friends, but they hired two people to replace me and I was as good as dead to them.

The particularly painful fact now is that firms that litigate for insurance companies always have traffic law as an important source of income. There is zero traffic right now. And there won't be for a considerable amount of time. If we ever go back to the situation before corona that is. My former colleagues, who depend on traffic law cases, have suddenly come to the realization that, at the very least, one of them is going to be let go anytime now.

In the meantime I've been specializing in medical law at my new firm and those cases still keep coming in.

Suddenly they're texting me to 'clear the air between us, so we can move on like adults'.

Seriously. The gall.

Lawyers whose lives are all about their careers are one of the saddest individuals.

 

[Quetzalcoatl]

563 dead in the UK in the last 24 hours.

So about 1/3 of the average daily death rate.

 

[AFL_ITALIA]

@AFL_ITALIA

Even their own country

Some ultra-Orthodox Israelis chafe at coronavirus restrictions

https://www.reuters.com/article/us-health-coronavirus-israel-ultraorthod-idUSKBN21H2A4

 

[Seven]

Lawyers whose lives are all about their careers are one of the saddest individuals.

People who were all about stabbing others in the back just a few months ago are now calling for solidarity.

Then again what has surprised me the most about covid 19 is the lack of human decency. Sure, one might say I'm callous towards the elderly. But it is an opinion I hold precisely because I want to prevent other human suffering.

Stealing toilet paper and hoarding food however.. Holy fuck, it took us two days to live in the jungle.

 

[campionesidd]

Even their own country

Some ultra-Orthodox Israelis chafe at coronavirus restrictions

https://www.reuters.com/article/us-health-coronavirus-israel-ultraorthod-idUSKBN21H2A4

I never get this obsession with religious folk saying they can't worship unless they go to church/temple/mosques.
Isn't god supposed to exist everywhere? Won't praying from home be just as effective?

 

[pavelnel]

How the fuck does Italy continue to grow with 4000-5000 cases per day? Italians have been in lockdown for more than 20 days.
I am truly baffled.
Spain and France are going in the same direction.

 

[s4tch]

...Italians have been in lockdown for more than 20 days...

- some cases might turn serious recently
- also, just checking the local streets in hungary after 2,5 weeks of partial lockdown, the elderly just can't stay at home, and i bet it's the same case in italy too

 

[campionesidd]

How the fuck does Italy continue to grow with 4000-5000 cases per day? Italians have been in lockdown for more than 20 days.
I am truly baffled.
Spain and France are going in the same direction.

The virus has an incubation period of two weeks. Plus, people can still interact and spread the virus under lockdown, albeit at a much much slower rate.
In seven to 10 days, the number should drop below 1,000.

 

[ALC]

I never get this obsession with religious folk saying they can't worship unless they go to church/temple/mosques.
Isn't god supposed to exist everywhere? Won't praying from home be just as effective?

lol they believe in a man that lives among the clouds, expecting them to have logical thoughts is a little far fetched

 

[Post Ironic]

And now here you are, fighting the world's next big disaster

 

[Snobist]

+4,782 new cases in italy. Is not slowing down

 

[pavelnel]

The virus has an incubation period of two weeks. Plus, people can still interact and spread the virus under lockdown, albeit at a much much slower rate.
In seven to 10 days, the number should drop below 1,000.

Under lockdown for 23 days. The numbers are barely down from the highest point. I suspected that after the lockdown had been put in place the transmissions will be mainly between family members but this is too much. I think the only reasonable explanation is that many have not been following the rules and continue to gather in large groups behind close doors and to travel between cities.
I love Italy and Italians and it pains me to see how utterly irresponsible some of them continue to behave.
When the rules are relaxed the virus will hit them again hard if they do not stop being so nonchalant.