I can't keep the house thanks to the ever sky-rocketing interest rates. What started as a negligible 7.5% in 2004 has now touched 16%. Pundits forecast at least a couple of revisions more by the turn of this year. For the record, RBI has hiked rates 12 times times this year, not a record our country ought to be proud of. Who would have thought that I, with a home loan, would be a victim of uncontrollable inflation.
Anyway, I put my house up on sale.
But....this is amazing coincidence: Just when I initiated the advertisement, the Telangana crisis raised its ugly head. Real estate as it were, had already reached an all-time low. The crisis has ensured that there is no hope for individuals like me. Prospects today ask for rates that are pitiable and certainly not worth discussing.
So there it is, I can't keep the house, I can't sell it!
I am choking......help me God....
