Advanced search

to feel gutted that I've lost half a million pounds

(101 Posts)
pollyisntere Wed 14-Jan-15 21:27:12

I sold my normal house in a scruffy part of London 10 years ago to move to Wales. I made a bit but not that much. I've just seen that it sold 5 months ago for half a million more than I got for it. I feel like such an idiot, that would have been half a million tax free. Guttedsad

ssd Wed 14-Jan-15 21:28:46

why worry, anyone who has had property a while and moved out of a town will be the same

count your blessings, I presume you still own a home?

MuttonCadet Wed 14-Jan-15 21:29:44

But you've had 10 years in Wales, that's got to be worth £50k a year.

Shockers Wed 14-Jan-15 21:29:52

What part of Wales? Why did you want to move there? Has your quality of life been better for the last ten years...?

ilovesooty Wed 14-Jan-15 21:31:01

You win some: you lose some.

Altinkum Wed 14-Jan-15 21:31:13

Message withdrawn at poster's request.

Medoc Wed 14-Jan-15 21:31:28

Unless you took a half million loss on the asking price, you haven't lost anything hmm

Let's face it, you haven't had to live in a 'scruffy part of London' for the last 10 years.

cardibach Wed 14-Jan-15 21:31:55

If it was 10 weeks or even months I'd see your point, but 10 years ! You aren't an idiot, you changed your life ages ago.

TheGirlFromIpanema Wed 14-Jan-15 21:32:00

Are you serious confused

I'm tired and can't tell.

CatsClaus Wed 14-Jan-15 21:32:02

i'm cross enough about winning Pointless three times since last monday and not having the cash.

CorporateRockWhore Wed 14-Jan-15 21:32:18

Well, you haven't lost it though, have you? Your gave up your claim a decade ago, it's not going to do you any good to look back that far bemoaning the loss.

GillSans Wed 14-Jan-15 21:32:18

Yes, but you'd have had to spend it all on another house, presumably, unless you were thinking of camping for the rest of your life.

Mammanat222 Wed 14-Jan-15 21:32:33

I'd understand if you sold it 10 months ago but it was a decade ago. You need to get a grip.

Why the interest anyway? Have you been stalking your old house? <bizarre>

cardibach Wed 14-Jan-15 21:33:29

Also, prices have risen considerably in Wales in the last 10 years (I know, I moved her 13 years ago), so much of your profit would have been eaten up with that.

MrsTawdry Wed 14-Jan-15 21:33:38

You'd have spent half a million in parking and coffee had you lived there for the last ten years.

pollyisntere Wed 14-Jan-15 21:33:50

Oh I know its 10 years ago, but I was planning to rent it out but decided to sell it in the end. I really was close to getting the half a million sad

Finola1step Wed 14-Jan-15 21:35:23

You did not "lose" anything. You bought, you sold. You got your price. The person who bought from you then got their price. Anyone who has sold a property could look at it 10 years later and ask "What if I hadn't sold?" But this is nonsense.

Maybe you missed out in selling at the mas London selling prices we have all seen. Maybe you also missed out on 10 years of London stress.

We sold up and moved out of London in 2011. If our buyers make a packet on it, so be it.

3littlefrogs Wed 14-Jan-15 21:35:30

You can't put the clock back.
The people who sold the house will have to put that money into another property which will cost them a lot more than it would have done 10 years ago.
Did you want to move to Wales?
Are you settled there?
Quality of life is important too.
I live in London - my house has gone up a lot in value, but it will never benefit me because I have to live here. It is an old house and costs a fortune to repair and maintain.
I have friends who bought their London home about 5 years before we did. They paid a lot less and have a much bigger, nicer house than us.
That is just the way things are.
I am sorry you feel so bad about it.

Looseleaf Wed 14-Jan-15 21:36:40

I think you lost the increase you could have had rather than the actual amount- in our case we put all our money (also a large amount at the time) into a building we thought a fantastic investment and it turned out it was right at the top of the market and its been unsellable since now worth so little. But I expect almost everyone would have made different decisions if could use hindsight, to different degrees.

Finola1step Wed 14-Jan-15 21:36:47

mad not mas

Hassled Wed 14-Jan-15 21:36:55

I sold a very nice 2 bedroomed flat in Dulwich in the late 80s for I think around £87K. I reckon that would be half a million now. You can't dwell on these things.

FightOrFlight Wed 14-Jan-15 21:37:54

Oh I know its 10 years ago, but I was planning to rent it out but decided to sell it in the end. I really was close to getting the half a million

Oh FFS, if I added up what I'd "lost" over the years through my poor decisions I'd go insane.

Having said that, I'll never forgive myself for refusing Brad Pitt's marriage proposal before he got the Thelma and Louise gig.

UnexpectedItemInShaggingArea Wed 14-Jan-15 21:39:12

If you were planning to rent it out the sale would not have been tax free after 10 years.

SoMuchForSubtlety Wed 14-Jan-15 21:40:13

Meh. Regret, while understandable, is a waste of time. Life can only be lived in a forward direction.

APlaiceInTheSun Wed 14-Jan-15 21:41:32

ah, if wishes were horses etc etc.. we saw last month on Zoopla that our tiny SE London flat has sold £240K more than we sold it for 3 years ago.
Our bit of London was on the way out of being scruffy when we left (we were starting to look out of place grin )
Think about why you decided to sell - you probably had really good reasons, and they'd still be valid. 10 years is a long time you may have had to spend loads on maintenance etc. You haven't lost half a million. MrsT is spot on!

Join the discussion

Registering is free, quick, and means you can join in the discussion, watch threads, get discounts, win prizes and lots more.

Get started »