How has this house gone up so much?

timehastoldme

My friends husband bought in 2007, hit negative equity and was stuck for years. They delayed moving in together and getting married until he could sell and they could buy as a couple.
She died 18 months after the wedding.

Life is too short for a life you hate. You want a new house and a new job and spare money, leave London, get therapy and decide how you want today to look, not ten years fantasy financial scenarios, how do you want every today to look. 

Good luck.

Herzlos

Mark_Glasses said:

We might be able to afford a £500k property based on that, but then that would mean being able to afford a more expensive property than my boss which doesn't seem realistic because he obviously makes more money than me. If we do buy the £500k property though I want to make sure it's worth over a million at some point in the future.

Firstly, detach any notion that house value is related to success. Maybe your boss makes more than you but *likes* his house? Maybe he doesn't care what other people think? Maybe he'd rather spend his money on golf holidays and antique garden gnomes? It doesn't matter.

Most of my peers own houses I can't even dream of, but they are all 20 years older than me. The ones that are 20 years younger than me can only dream of owning my house. Again, it doesn't actually matter unless you're socializing with shallow people.

Also, a £500k property will become a £1m property eventually, but you may need to wait 30 years. Again, why does it matter? Are you wanting to live in it or use it to show off at a country club? I can assure you that no-one else cares how much your house is worth.  To go to another extreme, if you keep obsession about this over other aspects of your life you may find you alienate your family and then good luck becoming a paper millionaire whilst single and paying child support.


You need help to improve your mental health and quality of life, and stop thinking about house prices.

sheramber

When you've got your 1 million pound house you still won't be happy. There will be something else you want - a 2 million pound house?

Mark_Glasses

@sheramber what I'm saying is that my boss clearly makes more money than me so if he can't afford a £500k property then it doesn't look hopeful for me. 

@YoungBlueEyes you probably won't read this but what was wrong with my response to you? I was answering your questions.

@[Deleted User] if anything I'm in danger of losing close relationships because of a lack of money. My wife is unhappy about our lack of money. We have friends who go skiing every year but have never gone because we can't afford it. In the past month alone we've had to decline 2 holiday invites from friends due to lack of money. 

@timehastoldme before I moved to London I was miserable because I didn't live in London

@Herzlos the reality is I've been unhappy my whole life and I've been obsessed with money my whole life. What kept me going when I was younger was the knowledge that I was going to be rich when I was older. Now I'm older and not rich I can't see how I'll ever be happy.

Herzlos

Mark_Glasses said:

@Herzlos the reality is I've been unhappy my whole life and I've been obsessed with money my whole life. What kept me going when I was younger was the knowledge that I was going to be rich when I was older. Now I'm older and not rich I can't see how I'll ever be happy.

Even if you were rich you wouldn't be happy, look at Elon Musk. Richer than some countries and miserable.

In order to be happy, you need to learn to be content with what you've got. I'll never be rich by any conventional standards - I chose life over money - and I'm pretty happy.

You need to see a therapist if you want to make any progress on happiness. Seriously, it's not healthy.

Herzlos

Mark_Glasses said:

@sheramber what I'm saying is that my boss clearly makes more money than me so if he can't afford a £500k property then it doesn't look hopeful for me.

Or he can afford a £500k property but doesn't want one.

I almost certainly earn less than you or your boss and I can afford a £400k property. But I bought a £200k property because it does the job and I'm not going to drown in mortgage payments. What's the point in wasting my healthy years giving all of my income to a bank and worrying about money?

Elliott.T123

Mark_Glasses said:

@sheramber what I'm saying is that my boss clearly makes more money than me so if he can't afford a £500k property then it doesn't look hopeful for me. 

I own a £650k house, my boss of 10 years has just bought his first house in 15 years, a £300k property.

People have different financial situations.

I have just become a father, he has 2 kids who are at uni. I am married, he is divorced.

He goes to the pub most evenings and out for dinner 4-5 nights a week. I eat out maybe once a month and prefer a glass of wine in the garden.

I chose to spend my money on a house he chose (or through life) spends his on other things.

My best friends parents probably have a combined income over £300k a year.... They live in a £400k 3 bed, does this mean anyone earning under £300k a year should give up on ever owning a house over £400k? No, their kids have left home, they don't want the £2m family home they once had, they would rather a smaller property.

Just because someone doesn't have a bigger house doesn't mean that they couldn't afford one.


Mark_Glasses said:

@Herzlos the reality is I've been unhappy my whole life and I've been obsessed with money my whole life. What kept me going when I was younger was the knowledge that I was going to be rich when I was older. Now I'm older and not rich I can't see how I'll ever be happy.

I think this paragraph is the first time in this thread we have really hit the nail on the head.....

You have been unhappy your entire life and are obsessed with money. I think that rather than trying to imagine there being a quick fix here via either a certain house purchase or similar you genuinely need medical help, it may be you have clinical depression or similar and could with help try to move on from your fixation or find a way to help not be so unhappy with life as it is.

lookstraightahead

Op, look up hygge 

jimbog

Mark_Glasses said:

@timehastoldme before I moved to London I was miserable because I didn't live in London

what do you enjoy in London now that you didn't have previously?

MeteredOut

Mark_Glasses said:

@Herzlos the reality is I've been unhappy my whole life and I've been obsessed with money my whole life. What kept me going when I was younger was the knowledge that I was going to be rich when I was older. Now I'm older and not rich I can't see how I'll ever be happy.

I think this paragraph is the first time in this thread we have really hit the nail on the head.....

You have been unhappy your entire life and are obsessed with money. I think that rather than trying to imagine there being a quick fix here via either a certain house purchase or similar you genuinely need medical help, it may be you have clinical depression or similar and could with help try to move on from your fixation or find a way to help not be so unhappy with life as it is.

I said back on page 2 or 3 that the OP needed therapy. He’s not listening to what people are saying and I don’t believe this thread is healthy for him.