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The Property Podcast

TPP367: A rational approach to the Coronavirus, and the future of the world

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 26 March 2020

⏱️ 20 minutes

🧾️ Download transcript

Summary

It’s another week of The Property Podcast and Rob & Rob are back looking deep into what the future could hold for the long term (not just in property) but for the economy post COVID-19. The whole planet is affected and everyone is talking about it.  Coronavirus.  But today The Robs want to step out of the day-to-day news cycle and look rationally into the situation.  What could potentially happen over the next few months? Right now, the world is pretty much paused, but how will it play out for property in the short and long term?  And does this change where we are in the 18-year property cycle?  It’s so unusual to be in this situation, and we know a lot of people have questions, especially property investors. Full disclosure… This episode isn’t Rob & Rob’s attempt at giving predictions. But you can expect plenty of opinions on this unexpected situation.  Tune in to find out more about how the coronavirus (COVID-19) is likely to affect the property market.   And today, we have a news story that's relevant to our podcast…  The Bank of England has cut interest rates again and orders £200 billion to be printed. As coronavirus crisis threatens all, printing new money and cutting interest rates helps the financial system to support activity  There’s so much happening in the market right now due to Coronavirus - it’s been a huge economic shock. Boris Johnson has also promised to protect private renters from eviction by bringing forward legislation to protect them.   And if you’re wondering where this week’s Hub Extra is… there isn’t one. Today we want to bring your attention to our Friday podcast that'll be going ahead for the next few weeks. The Robs will be covering all the market updates every week to keep property investors in the loop.  Things are changing on almost a daily basis right now, so it’s never been more important to stay up to date on property and market news that could affect you.    We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!  If that wasn’t enough, you can also join our friendly property community on the Property Hub forum. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi Rob B here with Rob Dee and we've got a big task on our hands this week

0:06.1

we're gonna take the coronavirus and we're not gonna unfortunately give you a

0:09.5

cure but we are gonna look at it rationally and then we're going to look at what the future

0:14.7

not just for property looks like but for the whole world. Welcome to the Property Podcast where every Thursday morning property investors come to be

0:27.1

informed and inspired. Today Rob we're not making predictions about what's going to

0:32.2

happen as such but we're going to try to step out of the day-to-day, hour-to-hour

0:36.5

new cycle at the moment and to talk about what potential longer-term outcomes could be from the coronavirus.

0:45.5

So we're going to be quite bold here. We're going to look at the coronavirus. We're going to look at what's going to play out or potentially

0:50.3

play out in the coming months and years.

0:53.0

Not just from a property perspective, but for the world economy.

0:56.6

So Rob, I'm interested.

0:58.1

There's so many ways this could go and lots of people have an opinion.

1:01.6

But what's your opinion? What are the scenarios that

1:04.0

could play out here? I'm not going to pin you down and say, well not just yet, what's

1:08.0

going to happen? But what are the potential scenarios? Okay, well short, I think we can agree that everything's going to be a total mess, especially

1:16.8

in terms of the logistics of property.

1:19.1

Because we've had economic events before, right, but we've never had one where you can't get anywhere or do anything. So what

1:25.8

does it mean for letting, what does it mean for construction, what does it mean for actually

1:29.3

being able to move house? Can you pick up the keys and move into somewhere that you've arranged to sell? Who knows?

1:34.0

It's just, there are so many unknowns around the short term, so it's going to be weird. But beyond that, it seems to me that what the government is trying to do is effectively just hit pause on everything.

1:46.9

If you can just hit pause for a few months, keep everything frozen as it is, then

1:51.0

when the restrictions are lifted, everything goes back to exactly how it was,

...

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