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Well, duh! He lives in Canada. You live in the USA.Cornuck wrote: ↑Tue Mar 17, 2020 9:16 amYou have more faith in the government than I do, but I hope you're right.Doyle Hargraves wrote: ↑Tue Mar 17, 2020 9:14 amSomething will be forthcoming. 70-80 % of people are paycheque to paychequeCornuck wrote: ↑Tue Mar 17, 2020 9:03 amOr maybe just give people the option to skip a payment penalty free and add it to the end of the loan.Hockey Widow wrote: ↑Tue Mar 17, 2020 8:54 am Banks and credit card companies should waive all interest on all loans until May 1st as a way to spread the economic risk around.
Well it did collapse in Florida. And Spain.Doyle Hargraves wrote: ↑Tue Mar 17, 2020 11:50 am The real estate market won’t collapse. It will crater a bit for sure. A lot of people only have 20-30 % equity in their places now and some maybe less due to the last correction. They said shit like this in 08 too.
Oh I fully expect it to dip back down again. That’s a given. It was on is way back up again the last six months. But it don’t think it will completely tank. Can’t see it. Then again I try to look at the positive side of thingsPer wrote: ↑Tue Mar 17, 2020 12:13 pmWell it did collapse in Florida. And Spain.Doyle Hargraves wrote: ↑Tue Mar 17, 2020 11:50 am The real estate market won’t collapse. It will crater a bit for sure. A lot of people only have 20-30 % equity in their places now and some maybe less due to the last correction. They said shit like this in 08 too.
Probably a few more places too.
The people that are really going to hurt now is the travel business.
Scandinavian Airlines have given 90% of their employees notice. They are not fired yet, but have been told they will be let go in a few months. If things start to brighten up, the company can take it back and have them stay on
Norwegian Airlines has also given some 2000 employees notice.
Scandic Hotels plan to layoff half their staff.
The British budget airline FlyMe has filed for bankrupcy.
I expect huge layoffs and loads of bankrupcies throughout. Air lines, hotels, convention centres, resorts, even restaurants.
It could take decades for the business to recover.
A huge difference is that housing and bad loans were right at the centre of that financial crisis though. This time it’s not truly a financial crisis; it’s a sharp drop in demand for certain services, caused by attempts to quarantine populations from a spreading It spills over to finances, housing, etc, and there will be lots of bankrupcies and layoffs, but there is no bubble deflating, it’s just people sitting on their couch instead of working, travelling and socializing. If things become normal fairly soon, most things will bounce back, but with the tight margins they have in the travel industry, I fear a lot of companies will go belly up rather rapidly, and then those jobs are gone.Doyle Hargraves wrote: ↑Tue Mar 17, 2020 12:25 pmOh I fully expect it to dip back down again. That’s a given. It was on is way back up again the last six months. But it don’t completely tank. Can’t see it. Then again I try to look at the positive side of thingsPer wrote: ↑Tue Mar 17, 2020 12:13 pmWell it did collapse in Florida. And Spain.Doyle Hargraves wrote: ↑Tue Mar 17, 2020 11:50 am The real estate market won’t collapse. It will crater a bit for sure. A lot of people only have 20-30 % equity in their places now and some maybe less due to the last correction. They said shit like this in 08 too.
Probably a few more places too.
The people that are really going to hurt now is the travel business.
Scandinavian Airlines have given 90% of their employees notice. They are not fired yet, but have been told they will be let go in a few months. If things start to brighten up, the company can take it back and have them stay on
Norwegian Airlines has also given some 2000 employees notice.
Scandic Hotels plan to layoff half their staff.
The British budget airline FlyMe has filed for bankrupcy.
I expect huge layoffs and loads of bankrupcies throughout. Air lines, hotels, convention centres, resorts, even restaurants.
It could take decades for the business to recover.
Exactly - Jt loves this, he can go on TV everyday and say " we can get through this together" then big hugs for all.Doyle Hargraves wrote: ↑Tue Mar 17, 2020 9:28 am Trudeau already hinted at it. You can’t have the banks foreclosing in millions of homes and landlords punting renters out into the streets.
So 103 identified cases yesterday in BC... 186 today.B.C. declares public health emergency with 186 cases of COVID-19 and 7 deaths
B.C. provincial health officer Dr. Bonnie Henry says B.C. has confirmed 83 new cases of COVID-19. Three more people have died of the novel coronavirus.
She says the province is declaring a public health emergency. B.C. has now identified a total of 186 patients, of whom seven have died.
"This declaration of an emergency allows me to be faster, more streamlined and nimble," Henry told reporters Tuesday.
She said that all bars are ordered to close. Businesses that remain open, including grocery stores and pharmacies, should take measures to ensure social distancing — about one to two metres between all people — and restaurants and cafes that can't meet that requirement must switch to takeout only.
"There are many places in our community that aren't able to meet that criteria … must close," Henry said.
I've spent the last 2 evenings combining old prescription Mëds with various alcoholic beverages while watching black comedies.
Beverly Hills Cop?Strangelove wrote: ↑Tue Mar 17, 2020 4:17 pmI've spent the last 2 evenings combining old prescription Mëds with various alcoholic beverages while watching black comedies.
So far so good...
I'm gonna git you sucka5thhorseman wrote: ↑Tue Mar 17, 2020 4:28 pmBeverly Hills Cop?Strangelove wrote: ↑Tue Mar 17, 2020 4:17 pmI've spent the last 2 evenings combining old prescription Mëds with various alcoholic beverages while watching black comedies.
So far so good...