there are a lot of 2nd (or >1th) order effects that i suspect will mean that people give up the ghost on flattening the curve. here are some i'm imagining myself; others probably know way more than me:
- the local restaurants are probably well on their way to having shut down. the commercial real estate they rented or owned has way lower prospects of getting picked up. so commercial landlords are hurting.
- ditto above for tourism towns, whose commercial real estate value blows up as those businesses default after 3 months of no traffic and the land sits idle. with these jobs gone, residential real estate also loses huge value. what happens to e.g. Las Vegas?
- anyone who's levered up on commercial real estate basically gets annihilated as all of that value is going to plummet.
- those who were employed and don't make enough via unemployment are going to have to split unemployment between car payments, rent, and food. landlords may be amenable to 3 month non-eviction. we will see their resolve once month 3 ends. and best of good luck getting your new job without a car in most of the US. now residential landlords are /also/ hurting.
- above makes consumerism much more difficult for a large fraction of the population; retail down. shops close; commercial real estate is still less attractive, and now residential is hurting because people (still) can't make rent.
- general market malaise means that previously in-trouble pensions (e.g. Illinois) are going to be even worse off. add up lost tax revenue + increased spending on services and you're looking at some serious trouble if those states don't get some attention from .gov.
so, really, absent some pretty intense government intervention, i just don't see this lasting much longer than 3 months. in fact, i don't even know if you'll see the layered effects start to really show up until you're a few months in.
If you think society will tolerate this kind of lockdown for more than a few weeks, you need to rethink your stance.
If we are locked up for 3 months like this you will have your doomsday scenario. Our entire supply chain will fall apart. People won’t get food, medicine, things that make them happy. Sporting events, social gatherings, etc. People will become depressed and kill themselves. People will go nuts and kill everybody around them.
You’ll have a situation on your hands much, much worse than this virus. Much worse.
People have lost their damn minds and stopped thinking rationally. Snap out it. Go on a damn walk. Nobody is gonna be locked down for three fucking months. If we actually are, I suggest stocking up on guns and ammo now because that will devolve into a doomsday scenario. One much worse than anything this virus can possibly dish out.
Countries with an adequate social security net in place have a (temporary) answer at least.
(/s)
People have lost their minds around here.
Its not ideal, but if it's required, I'll do it. We are not going to fall apart. Except for twitchy individuals like you, it seems...
I cannot go outside for a walk. We are on state of alarm and the army is on the streets controlling that no one goes out to stop a pandemic that is killing many people and will kill many more.
The facts appear to be supporting the 3 month shutdown, they include:
- The US Government has said, including the President, that this could last until August. Some expert think that's conservative.
- A vaccine isn't likely for 12+ months.
- Testing facilities are limited and will likely take 3-4 weeks for widespread roll-out.
- We don't fully understand the dynamics of how the virus is spread.
- Congress/Senate are readying a staggeringly large help package (800 BILLION); that relief is at least 2-3 weeks away and I would argue suggests the lock down is going to last well past 3-4 weeks (https://www.politico.com/news/2020/03/17/white-house-senate-...).
Reporter: "How long?"
Trump: "July, August, maybe longer."
This ain’t gonna be more than a few weeks tops. People have lost their damn minds. Go outside and get some fresh air.