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Repossessed - 06 Jan 2009, 22:35 on BBC One
Comments
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MEW'ers - bought house from council for £40 and remortgaged several times and now owe £150,000. Wow.
Bought for £40 or £40k?
I guess they do have the option of selling.
They didn't own before and if they can recoup to settle their debts then they would not be out of pocket.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
It all became emotional. It was the female's childhood family home I believe. And it was quite grotty/not how she'd like it... so the money was probably spent chasing a fantasy, but underpinned by the memories of it having been her family home.IveSeenTheLight wrote: »I guess they do have the option of selling.
It must be hard to have been brought up in a house and have so many memories and then c0ck it up so spectacularly when there was no need. Her partner is a general builder, so they'd have been better keeping it as a council house and applying for permission to carry out the upgrade work and doing it on the cheap with his labour/skills and contacts.0 -
PasturesNew wrote: »It all became emotional. It was the female's childhood family home I believe. And it was quite grotty/not how she'd like it... so the money was probably spent chasing a fantasy, but underpinned by the memories of it having been her family home.
It must be hard to have been brought up in a house and have so many memories and then c0ck it up so spectacularly when there was no need. Her partner is a general builder, so they'd have been better keeping it as a council house and applying for permission to carry out the upgrade work and doing it on the cheap with his labour/skills and contacts.
as you say, spectacularly c0cked it up.
To buy for £40:eek: , MEW £150k and then be homeless is really entirely their own fault.
Surely buying for £40 suggests there were a lot of work required.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »as you say, spectacularly c0cked it up.
To buy for £40:eek: , MEW £150k and then be homeless is really entirely their own fault.
Surely buying for £40 suggests there were a lot of work required.
As it was a council house and in Wales (where I beleive property is cheap). If you live in it over 5 years, I beleive under the "right to buy scheme" you can get up to 50% discount.
Therefor if it was just a basic 2 bed council house , it may have only been valued at £100K.0 -
Our place needed upgrading. Just save up for one job, get it done and repeat as required.0
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As it was a council house and in Wales (where I beleive property is cheap). If you live in it over 5 years, I beleive under the "right to buy scheme" you can get up to 50% discount.
Therefor if it was just a basic 2 bed council house , it may have only been valued at £100K.
It wasn't in Wales, it was in Gloucestershire.I came in to this world with nothing and I've still got most of it left. :rolleyes:0 -
Also being discussed here. Post 17...........lol! How very dare him?!?!?!?!
http://forums.moneysavingexpert.com/showthread.html?t=1397143
You and Hound dog Harrry have created a loop
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I've just watched it on iplayer.
Thank you Lord that I didn't listen to my Mother or any of my friends and get myself into debt for a posh kitchen.
The whole programme made me want to weep and yes I know it was all their own dumb fault.Retail is the only therapy that works0 -
My last house had the previous owner's choice of kitchen - and that wasn't new. I was there 7 years and never changed a thing. It wasn't great, but it had cupboards to put things in and some kitchen top for doing whatever you do on a kitchen top ... and it had a sink for washing up things.I've just watched it on iplayer.
Thank you Lord that I didn't listen to my Mother or any of my friends and get myself into debt for a posh kitchen.
The whole programme made me want to weep and yes I know it was all their own dumb fault.
Sometimes I look on Homes under the Hammer and think "NICE KITCHEN" - before the auction - and the presenter says "hmmm, could do with a new kitchen" and I think "NO WAY!"
My parents' kitchen (that was in the house they bought) is probably 25 years old. Completely inadequate, think early 1980s at best ... but it has those things: cupboards, kitchen worktop, sink, so "it does the job".
Really kitchens last 15-20 years, or more. There's no need to change one just because another one is shiny. Yes, it's nice to have a shiny kitchen, but not at the expense of losing everything.0 -
My kitchen is circa 1970, has virtually no worktop space and basically is falling to pieces.
Everyone who comes into my house says oh you need a new kitchen and they are absolutely right I do need a new kitchen.
I also however cant afford a new kitchen and I wont borrow to get one. Everyone thinks I am bonkers.
This programme reminded me that I may very well be mad as a hatter but I am not going to be repossessed ever.Retail is the only therapy that works0
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