HOUSE PRICES

The largest asset we own
The biggest headache we cannot disown
The greatest noose around our necks
The one that will cause economic wreck

The price of aspiration went up today
The box with a roof keeps
Delighting or frustrating
Depending on who is prating or dreaming

Tick
Tock
Tick
Tock
A housing bubble might erupt today
This time government cash
May not save the day

Home ownership is sacred
The keys to a front door offer nirvana
The fact that it is unaffordable is such a bore

It is not just a house that is at stake
It is society and the economy
That are going through an earthquake
God help us when the bankers make mistakes
Only then we know it is all a big fake

Supply and demand
Why have they all forgotten about them?
The tenets of sensibility are side-lined
And is a grave and costly crime

Up the price is expected to daily go
Will it ever go down?
They all authoritatively say no
A silly assessment
That will cause great woe

The arena is bloodied
By experts who sell short-sighted misery
No one understands what is going on
Nor do they have a magic wand

A bee stinging a crow in the forest will cause
The winds to blow
And a stampede of horses to trample the unaffordable box
That a speculator has bought
With money lent with no thought
Of how a it will be repaid
It’s all hype and money down the drain

In times of uncertainty
Bricks and mortar
Are thought best
A claim a long term view may contest
Let us please put idealistic models to rest

A dismal sin is an unrealistic assessment
Of the economic might of your purse
If you can’t afford to buy it
Then it might be best not to rush into owning it