Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[albitz]

If I could just play devils advocate for a minute.......... She has lost a large percentage of her income (the fact that the income was more than yours or mine is irrelevant imo) and she is struggling to come to terms with the fact.
The other 2 houses she bought (rainy day money) went into negative equity quickly by the sound of it, so she cant just cash in her chips on those properties and live off the proceeds. She is caught in a trap.
Most people who read or comment on this thread are only a redundancy or a few months missed mortage payments away from having their lives turned upside down in a similar way. The starting figure may be different, but the effect would be very similar.
What is it about the British, that we seem to enjoy seeing someone who was better off than us falling on their arse ?

[Banjax]

the Germans use the word "Schadenfraude" ie revelling in others misery, you make a good point Albs its all relative I guess and at what level of income does it turn from being amusing to tragic?

She could still live in one of the houses instead of renting tho, negative equity or not 

[tunnie]

So she borrowed to much, then could not pay it back? Big deal! Bought way to many houses and frankly sounds like she does not have a clue, they ran a similar story when someone who thought they knew it all bought 3 flats out of a glossy brochure in Manchester, then saw value fall by 40%!

[albitz]

Hindsight knows everything Tunnie. .........a few short years ago, buying as much property as you could get a mortage for was considered to be a very shrewd thing to do.

[Kevin Wood]

Hindsight knows everything Tunnie. .........a few short years ago, buying as much property as you could get a mortage for was considered to be a very shrewd thing to do.

Agreed, but putting all your eggs in one basket has never been a very clever thing to do, as this lady has discovered.

Kevin