Am I evil, I only read these boards to find someone worse off than me..

puddy

Yes, I am trying to feel good about my own personal situation. Here is its for all to see and to criticise

I am a MEWer, I didnt know I was doing anything wrong until I started reading these boards. Im in my first property, bought in 1997 for 58k. the mortgage on it then was 52k. Over the years, the mortgage has gone up and up, not down. I now owe 67k or 72k if you count redemption penalties.
Some of the MEWing, i consider to have been worthwhile, double glazing, university fees for new career. Some clearly has not been, its been to pay off debt, run up by shoe and holiday purchases.
In addition, I have about 20k of more debt across various items, money owed to my parents, money on 0% cc, money to buy a (cheap first) car.
What really annoys me is the maintenance charges for my flat, I have borrowed a lot of money for that. I have needed to pay this off with credit cards (yes I should have cut down in other places, true), so much of my current debt on cc is from the outrageous maintanence charges for the flat. Ive worked out that it is at least 1200 a year, which makes about 12k over the time I have been here, not including two large amounts of 2.5k for drains works and 6k for resurfacing works, plus new garage roofs. It makes me depressed.
Im now trying to sell the flat, because I want to move to another area, but also I do want to pay off the debt and move to somewhere where there is no maintanence charges unless I decide to renew something.
So, flat has been on for 6 months, is 25% off the top price, no offers.

I want to hear all about Anthea Turner and the Wilsons, because their troubles might make mine feel less.

skap7309

Borrowed credit = false wealth.

Times are changing and this will sort out 'true' wealth.

silvercar

So, flat has been on for 6 months, is 25% off the top price, no offers.

You need to work out why it isn't selling. Wrong agent or wrong price? Is it on rightmove? Post a link on the housing board and people will advise you?

Will there be enough from the sale to clear the mortgage?

mewbie_2

Am I evil, I only read these boards to find someone worse off than me..

I'm still looking. And no, you're not evil, everyone does it. Bit brave admitting the MEW business though...

PasturesNew

awww *hugs*
There are loads worse off than you.... pop to the DFW board. People on there with £250k mortgage, OH's just run off with the neighbour, 6 kids to cope with, negative equity and £100k of cc debt.

Hint: look for those with Sky+ in their SOA and a holiday budget.

puddy

silvercar wrote: »

You need to work out why it isn't selling. Wrong agent or wrong price? Is it on rightmove? Post a link on the housing board and people will advise you?

Will there be enough from the sale to clear the mortgage?

well to be fair, ive only had viewings since it put it on with a high street agent, after having it on with an online agent. he told me to put the price down and since then i have had viewings. its below every other comparable flat around here, so im confident the price is ok, but will reduce it if necessary. ive put links to it before on here a couple of times and people thought it was priced correctly.

the mortgage is 67, the flat is now on for 180, im looking to upsize but dont want to borrow any more, but i think thats not going to happen now

puddy

mewbie wrote: »

Am I evil, I only read these boards to find someone worse off than me..

I'm still looking. And no, you're not evil, everyone does it. Bit brave admitting the MEW business though...

i dont honestly think theres anything intrinsically wrong with it, it depends on what its for. im happy with the amounts that i took for improvements but not for wasted money like holidays and overspending. that was ridiculous and i could kick myself

mewbie_2

jenner wrote: »

that was ridiculous and i could kick myself

...very tempting, very easy...

Conor_3

skap7309 wrote: »

Borrowed credit = false wealth.

Times are changing and this will sort out 'true' wealth.

I think an apt term I once heard is "plastic millionaire."

neverdespairgirl

jenner wrote: »

What really annoys me is the maintenance charges for my flat, I have borrowed a lot of money for that. I have needed to pay this off with credit cards (yes I should have cut down in other places, true), so much of my current debt on cc is from the outrageous maintanence charges for the flat. Ive worked out that it is at least 1200 a year, which makes about 12k over the time I have been here, not including two large amounts of 2.5k for drains works and 6k for resurfacing works, plus new garage roofs. It makes me depressed.

that's not unusually high, I'm afraid to say. Our flat's service charge is about £2,000 a year, not including major works (painting, repairing, all the rest of it).

neverdespairgirl

Conor wrote: »

I think an apt term I once heard is "plastic millionaire."

AKA Jordan?