It happens pretty much thousands of times every day in London and then fortunately, that’s just the norm of the way the London property market can work. It’s only convoluted and complicated and difficult to deal with. But if you can see the wood for the trees and it can’t be fooled by anything,

Is the property market going to have a major turnaround again if the interest rates do go up?

I think the property market is going to have a correction. I mean, the stamp duty holidays have gone now, there’s about six or seven different various tax that were introduced over the course of the last ten years. I’m not even going to go to detail. One major one was that you can’t really get interest relief against your tax anymore for any rent, any mortgages that you’re paying for your property portfolio.

Now, if you just take those two things alone, they’re quite massive in terms of creating a dip. So if for the last two years, billions of pounds have been given to people and they’ve had a lot of free money, obviously they’re going to be buying assets or buying things and putting money back into the economy somehow.

But the reality is that when the prices go up, when the interest rates goes up, the cost of borrowing is going to be higher. So when you sell a property, the loan to values is going to become lower. Banks willing to lend so much. So people are going to have to potentially sell at a reduced price to actually get out of their debt problems. Be wary!

So I think the writings on the wall, I think it’s inevitable that there’d be lots of free fall prices in certain areas around the country and there will be bargains to be had for anybody who’s actually now got their cash ready because they’re ahead of the curve.

Like you think in terms of the economy, in terms of the world order, in terms of supply chain management, commodities, nothing is really out of the woods.

We’re not really anywhere. We’re still stuck where we were. Yeah. I think the media frenzy has just been on the pandemic. If you watch the news in the morning, literally for about literally end to end pandemic talk, which I don’t see why, because you can talk about it up to the point that the rest of the country, the world’s got to eat, we still got to pay the bills, still got to look after families.

So I think it’s a huge, huge disrespect to most people in some ways actually, for making the media actually hyping this up to such a point that people are now worried to death, literally. And I think a lot of people are complaining that more people are dying. So there are a couple of facts, or you could call them potential facts that are coming out.

One is that other people are saying that in the last year or two, the mere fact that you’re locked up for such a long time has actually created a lot of mental health issues and deaths that you had just from the psychological torment of actually being locked up for such a long time is actually huge in a lot of people’s mental health.

So I think that’s just one point. I think there are lots of others along that same direction in terms of people’s mental health is actually being effective. And the other thing is if you’re stuck indoors, you’re not getting out some of this Omicron stuff and actually being more easily susceptible to actually a virus is done somewhere self created.

Because if you’re locked up in your house for about a year or two not getting out, then you’re not getting your vitamin D vitamins, you’re getting exercise, you’re not keeping yourself mentally focused, and the likelihood of your immune system is going to be lower. So you’re more likely to be catching something true situation.

I don’t know, because I’m not proclaiming to be a pandemic expert, but I’m just saying that this is the type of things that I hear people say to me or I see on social media.