Comments by "Drew Hodge" (@drewhodge3820) on "Neil McCoy-Ward" channel.

What a load of tosh. House prices are on the rise. Less buy to lets available and more people wanting to rent.
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@nickw8071 You mean a few thousand that will be snapped up for Buy to Lets. Or kept by family members to rent out. People are not stupid. Yes house prices go up and down but outside central London nothing is safer than Bricks and Mortar. If what your saying was correct then it would have already happened because Covid was killing people almost 12 months ago in the UK. The general death rates in the UK have not really increased. Yes death certificates might say Covid instead of Flu/Pneumonia etc. On average 550-600 thousand people die in the UK every year. The vast majority of people that died from covid over the past 11 months would have passed away from other illnesses or old age as a general rule of thumb. Just because 3-5% more might have died last year and god forbid the same numbers die in 2021, that wont cause house prices to crash because the housing market wont be flooded. In fact more people have been buying properties during lockdown to the point there has been a shortage of starter homes to buy. Yes things might change if and when interest rates increase. The UK will have to pay for all the governments covid funding. Property is a long term investment and if you have bought at the right price and have enough rental income there is nothing to worry about. The only bad property investment at the moment is small to medium highstreet commercial properties because a lot of shops are closed due to the lock down.
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The central London economy is a bubble. Most of the office workers are working from home. This is nothing like the rest of the UK which is open for business. Shops and businesses are open across the Midlands.
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Russia has cut oil production by over 25% because it doesn't own the ships to export the oil and gas. Neither does it have the pipelines to other countries. Combined with the price cap on Russian oil, Russia is barely breaking even on oil and gas production. Russian assets frozen across the world.
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@olgag6581 I agree the world needs to do more but the reality is 600 ships isn't enough to ship 25% of Russia's shortfall they were moving before their illegal invasion of Ukraine. Which is why Russian has reduced oil production at the well. That production can't be turned back up. Russia is selling oil much lower than the price cap.
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@olgag6581 Russian oil production has been reduced by 25%. The EU has just enforced further sanctions on Russian oil products.
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