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This is a question Debt pron

Watching TV the other day we caught one of these "Bank of Mummy or the Wife" type shows and we thought, "This is Debt Pron." I.e. peoples financial problems exploited for the voyeuristic pleasure of others. Then we thought, "We bet lots of people on B3ta have massive financial problems. Let's exploit them." So, confess them all. Dodgy credit cards, lending money to some bloke in the pub, visits from the bailiffs, using one card to pay off another. We want to wallow in your fiscal pain. So, what is your biggest money fuck up?

(, Thu 23 Nov 2006, 19:50)
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Houses are a bloody rip off
I bought a house at the peak of the market in 2004 with my then girlfriend and because it is in such a popular area for student by-to-lets, we got stuck in sealed bid after sealed bid. So we paid 7 grand over the asking price for this one we liked (to make a nice round 132,000).
So what happened next?
- The house dropped 15 grand in value
- I split up with the girl in question and owe her about 5 grand from the whole sorry process
- Water started pouring in through the chimney (I still can't afford to get it fixed)
- I discovered the list of house prices in my area on Yahoo finance, and to my horror, the value of the damn thing has gone up (I kid you not) 100 grand in between 2001 and me buying it in 2004.

Thanks goodness for lodgers and parents. I'm actually doing quite well now. It just seemed like my world was imploding at the time
(, Thu 23 Nov 2006, 20:54, Reply)

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