Another stupid bint
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Discussion

SplatSpeed

Original Poster:

7,491 posts

281 months

Thursday 20th January 2011
quotequote all
I just don't believe it!

Another idiot has been parted from her money because she was looking for a quick buck and now wants goverment protection.

You took a gamble and lost. you didn't put it in a bank , or pension fund you tried to make money in property in a bubble. Believing that property only goes up. Do proper research and check your facts you stupid bint!

http://www.bbc.co.uk/news/uk-england-12207571

10 Pence Short

32,880 posts

247 months

Thursday 20th January 2011
quotequote all


The thing lies. It's is not 30, either.

Some Gump

13,018 posts

216 months

Thursday 20th January 2011
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In principal, I agree - speculators can't expect "free money" for no risk.

However, the thing is 2 years late. Have the developers met their own contractual obligations?

My guess is that she loses deposit, PwC accept it and life moves on...

ETA "Murphy, it's you!"

Edited by Some Gump on Thursday 20th January 13:49

Tom_C76

1,923 posts

218 months

Thursday 20th January 2011
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Fault is clearly hers for not getting a mortgage offer in place before paying the deposit.

lauda

4,448 posts

237 months

Thursday 20th January 2011
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I'm afraid it's tough luck on this one. PwC as administrators are not going to allow people out of legally binding contracts since they have an obligation to continue to run the business in such a manner as to realise maximum cash to pay creditors.

The position is not really any different to someone being evicted from their house by a lender, being in negative equity and having to go bankrupt. Unfortunately, she's just never had the opportunity to live there before getting kicked out.

Any who exchanges contracts without having a mortgage already set up anyway?

Alfa numeric

3,169 posts

209 months

Thursday 20th January 2011
quotequote all
Article said:
Miss Dyer agreed to buy the studio flat for £116,500, paying an £11,600 deposit when she exchanged contracts in 2006.

She said she wanted an investment for "her pension" and believed she was getting a bargain as was told by the seller it was worth £137,500.
If the seller thinks it is worth £137k then why isn't he selling it for £137k? alarm bells should have been going off right then.

plasticpig

12,932 posts

255 months

Thursday 20th January 2011
quotequote all
Some Gump said:
In principal, I agree - speculators can't expect "free money" for no risk.

However, the thing is 2 years late. Have the developers met their own contractual obligations?

My guess is that she loses deposit, PwC accept it and life moves on...

ETA "Murphy, it's you!"

Edited by Some Gump on Thursday 20th January 13:49
yes PwC will probably not pursue for damages due breach of contract if the buyer can demonstrate they have very little or no assets. It's only worth suing people if they have the money to pay.

mercfunder

8,535 posts

203 months

Thursday 20th January 2011
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This story has got more holes than swiss cheese.

"it was her first home", "she wanted it as her pension", "she bought it through an investment club"

This is another buy to let chancer squealing because they have been caught out by a falling market,there was one in the Irish papers recently with a flat in Dublin she paid 750,00 Euros for that is now worth about 250,000 Euros. It was everyone else but hers' fault that she had mortgaged her to the eyeballs to buy it.

That's the gamble some you win, some you lose.

JagLover

46,814 posts

265 months

Thursday 20th January 2011
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Make easy money by buying a £137,500 flat for £116,500, it sounds easy, but nothing is simply in The Cube.

KaraK

13,862 posts

239 months

Thursday 20th January 2011
quotequote all
Alfa numeric said:
Article said:
Miss Dyer agreed to buy the studio flat for £116,500, paying an £11,600 deposit when she exchanged contracts in 2006.

She said she wanted an investment for "her pension" and believed she was getting a bargain as was told by the seller it was worth £137,500.
If the seller thinks it is worth £137k then why isn't he selling it for £137k? alarm bells should have been going off right then.
Agreed, something is only ever worth what someone else is willing to pay for it.

Her situation is unpleasant certainly but she has no-one to blame but herself.

Tsippy

15,078 posts

199 months

Thursday 20th January 2011
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Oooooo..... there's even a Facebook group rofl


shakotan

10,862 posts

226 months

Thursday 20th January 2011
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doogz said:
I'm not that financially minded.
You got that right...

4Q

1,277 posts

217 months

Thursday 20th January 2011
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Being rich is easy...

...but is it easy...

IN THE CUBE?!

monthefish

20,467 posts

261 months

Thursday 20th January 2011
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JagLover said:
Make easy money by buying a £137,500 flat for £116,500, it sounds easy, but nothing is simply in The Cube.
Very good. biggrin

CoopR

957 posts

266 months

Thursday 20th January 2011
quotequote all
JagLover said:
Make easy money by buying a £137,500 flat for £116,500, it sounds easy, but nothing is simply in The Cube.
smile


Uhura fighter

7,018 posts

213 months

Thursday 20th January 2011
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I feel sorry for her.



















She lives in Birmingham.

wavey Sheeda P

anonymous-user

84 months

Thursday 20th January 2011
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mercfunder said:
This story has got more holes than swiss cheese.

"it was her first home", "she wanted it as her pension", "she bought it through an investment club"

This is another buy to let chancer squealing because they have been caught out by a falling market,there was one in the Irish papers recently with a flat in Dublin she paid 750,00 Euros for that is now worth about 250,000 Euros. It was everyone else but hers' fault that she had mortgaged her to the eyeballs to buy it.

That's the gamble some you win, some you lose.
^^^^^^^^^ Right on the money (unlike her smile)

poo at Paul's

14,619 posts

205 months

Thursday 20th January 2011
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Negative equity? From my reckoning she has £100 tied up in it.

2 nights a Travelodge that is!

KaraK

13,862 posts

239 months

Thursday 20th January 2011
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anonymous said:
[redacted]
Something tells me I probably shouldn't click that at work.

SplatSpeed

Original Poster:

7,491 posts

281 months

Thursday 20th January 2011
quotequote all
anonymous said:
[redacted]
i ain't putting that in my spank bank!