Shame on you!!!!!!

DownintheDumps

I've been reading the site for some time and whilst you are all jumping up and down with glee about house prices crashing you forget that ordinary people are getting hammered.

I'm half way through a rennovation, I'm stuck with a 6 times mortgage coming to an end of the fixed rate next summer, can't finish the project, can't sell it, can't afford to stay put. Wife and two kids looking forward to a Christmas of misery and you lot are laughing. I would have provided someone with a lovely home through the sweat off my back and now I'm looking at bankrupcy probably.:mad: :mad: Shame on you all.:mad: :mad:

PasturesNew

From your original business plan, what changed so you can't finish it or sell it or stay put?

Realy

DownintheDumps wrote: »

I've been reading the site for some time and whilst you are all jumping up and down with glee about house prices crashing you forget that ordinary people are getting hammered.

I'm half way through a rennovation, I'm stuck with a 6 times mortgage coming to an end of the fixed rate next summer, can't finish the project, can't sell it, can't afford to stay put. Wife and two kids looking forward to a Christmas of misery and you lot are laughing. I would have provided someone with a lovely home through the sweat off my back and now I'm looking at bankrupcy probably.:mad: :mad: Shame on you all.:mad: :mad:

Two year renovation,
Is it with Trollbank I used them they are very strict.:rolleyes:

poppysarah

People who have overstretched themselves should blame

1. Themselves
2. The greedy banks who just wanted to make huge profits
3. The poor souls who've refused to overbuden themselves with debt just to "get on a ladder" or "be a property developer cos it looks easy on the telly"

You've undertaken a business - did you make plans and sort out how you were going to cope with the actual renovation?
Why can't you finish it? Have you gone overbudget?

hethmar

Im certainly not laughing, Im seeing a comfortable retirement disappear.

I cant understand either why you cant finish the project - assume you are in the same situation as when you took it on?

StevieJ

DownintheDumps wrote: »

I've been reading the site for some time and whilst you are all jumping up and down with glee about house prices crashing you forget that ordinary people are getting hammered.

I'm half way through a rennovation, I'm stuck with a 6 times mortgage coming to an end of the fixed rate next summer, can't finish the project, can't sell it, can't afford to stay put. Wife and two kids looking forward to a Christmas of misery and you lot are laughing. I would have provided someone with a lovely home through the sweat off my back and now I'm looking at bankrupcy probably.:mad: :mad: Shame on you all.:mad: :mad:

What is the problem with it coming to an end this summer, interest rates will be 1% then.

drbeat

DownintheDumps wrote: »

I've been reading the site for some time and whilst you are all jumping up and down with glee about house prices crashing you forget that ordinary people are getting hammered.

I'm half way through a rennovation, I'm stuck with a 6 times mortgage coming to an end of the fixed rate next summer, can't finish the project, can't sell it, can't afford to stay put. Wife and two kids looking forward to a Christmas of misery and you lot are laughing. I would have provided someone with a lovely home through the sweat off my back and now I'm looking at bankrupcy probably.:mad: :mad: Shame on you all.:mad: :mad:

I hope you manage to get this all sorted. Have you sought professional advice on your situation?

dopester

DownintheDumps wrote: »

I would have provided someone with a lovely home through the sweat off my back and now I'm looking at bankrupcy probably.:mad: :mad: Shame on you all.:mad: :mad:

Sounds like you went in to it to try and turn a profit to another mug punter, willing to go beyond your x6 and taking out a x8 mortgage instead.

Did it ever occur to you that property prices can fall in value?

I hope you reserve some of the shame for yourself.

skap7309

DownintheDumps wrote: »

I've been reading the site for some time and whilst you are all jumping up and down with glee about house prices crashing you forget that ordinary people are getting hammered.

I'm half way through a rennovation, I'm stuck with a 6 times mortgage coming to an end of the fixed rate next summer, can't finish the project, can't sell it, can't afford to stay put. Wife and two kids looking forward to a Christmas of misery and you lot are laughing. I would have provided someone with a lovely home through the sweat off my back and now I'm looking at bankrupcy probably.:mad: :mad: Shame on you all.:mad: :mad:

I am an ordinary person FTB and this housing crash means i do not spend the rest of my working life crippled with debt, working every waking hour so i can afford a roof over my head, be £175,000 in debt on a shoebox flat, putting off starting a family...............the list goes on.

Sorry but no sympathy here. You win some you lose some.

skap7309

dopester wrote: »

Sounds like you went in to it to try and turn a profit to another mug punter, willing to go beyond your x6 and taking out a x8 mortgage instead.

Did it ever occur to you that property prices can fall in value?

I hope you reserve some of the shame for yourself.

Hit the nail on the head there dopester.....

MrDT

It's a troll. Must be.

Supposedly the OP expected to buy a house, fix it, sell it, profit.

I reckon the place would have made a lovely home for 'someone' if OP kept his mitts off, 'someone' bought the place themselves, fixed it, and lived in it.

Ho hum, when the place gets repo'd the 'someone' will get their chance again, and at a discounted price to boot