The House that Died
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There is a very eloquent, sad poem which you will come across in one of the books of yore – it speaks of a house that had died. The description is heart-rending. It makes you envision an image of the house lying derelict and wasted. The dark empty windows of the house are compared to the eyes of a blind man – soulless. The rooms are lying threadbare with not even a hint of the laughter that rang so loudly and emphatically in them some time not too long ago.
The leaves in the garden need raking, the empty yard mourns for the children that once played in it, the tattered gate is swinging wildly in the wind begging to be shut, the hole in the roof is likened to a terrible wound inflicted on the house, the water in the small pond by the side is so full of slime that not even fish, frogs and other reptiles can frequent it any longer, the front door has been removed completely and brutally from its hinges – it is as if all the fun and frolic has been wrenched away from the house in one heartless tug.
The crisis faced by the United Kingdom Property Market is quite aptly epitomised in this poetic description. With house prices down by nearly 2% in the last quarter itself, and the continuing downward slide on the property market, the houses are already being laid bare. The house vendors and sellers are coming up with different ways to sell the houses, by hook or by crook. Yet, the subprime mortgage crisis has had such a profound effect that all the effort seems to be going down the drain.
Country homes have reportedly suffered the steepest price fall in over a decade so it’s not exactly the right time to be a part of the UK property market. Everyone in the United Kingdom is somehow or the other connected to the decline. The lenders (mostly banks) who would have invested in stock markets have had to hold it back. The effect has been so devastating that inflation has hit not just homes, but also across a wide spectrum which includes crude oil as well as a measly potato.
I am sure the house that died is always on the lookout for saviours in the form of inhabitants – right now, so is the UK property market. Sadly this story is true of many homes for sale in the UK.
Posted on: Wednesday, July 23, 2008 at 5:06 pm 
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