To want more money from my ex friend?

[Othering]

Me and a friend bought something together, 50:50. We both paid several hundred pounds each. Exactly a year later, I wanted out. Friend (now an ex friend cos shes disgruntled that I wanted out) said she will buy me out, paying the original price back to me. Trouble is, the asset is now worth several thousand pounds. It has appreciated significantly. Aibu to think she should pay me half the current market value? She can very easily afford it BTW.

[rwoollsey]

So you asked your friend to go 50/50 on this mystery item

She agrees

You then decide you want out and are expecting her to pay more for the other 50%?

You're so being unreasonable!!

She didn't want to pay 100% for the item when it was worth less, so no way will she want to pay more now. ESP if it's unlikely to go up in value again.

She doesn't have to buy you out.

Also since she has possession atm you're a bit stuck, she has the upper hand morally and physically.

With no formal paperwork or contracts you'd be lucky if she didn't just stop sharing this mystery item and not pay you a penny.

You might get better responses from saying what the item is, or even narrowing it down. As if you're sharing a handbag you'll get slightly different answers to if you're sharing a boat.

[Ellisandra]

@Shefliesonherownwings no - but it’s fun to guess anyway! - and see @StillCoughingandLaughing

[Shefliesonherownwings]

Has everyone missed the post where the OP said she's bowing out??

[Beautiful3]

It's probably a horse and it's on the friends land.

[StillCoughingandLaughing]

That was a typo by the way - I’m not trying to get ‘down with the kidz’ via random Zs

[StillCoughingandLaughing]

To be fair, most people who claim they’re ‘signing off’ (i.e. flouncing) are actually lurking and will pop up again to defend themselves if they don’t like what they readz

[Shell4429]

I can’t believe there are so many comments after the OP said she was signing off!

[bemusedmoose]

you want out but offered to buy her share? Why? Is it dealings with her you want out of rather than the item or what ever it is. In which case you might have to suck it up. If there is no contract or agreement then you may struggle to go through small claims. If you sell your share the buyer will want a contract with the other party and by the sounds of it she isn't going to do that if it means she doesn't get the amount she wants.

She should go 50/50 if that's how it was purchased but with no contract she has you over a barrel. You can insist on 50:50 and not sell til she agrees or you can cut your losses and take the amount you paid. It's up to you. But next time - get a contract!! Especially when you know the other side doesn't pay.

[LonginesPrime]

It's a real issue that's come between me and my sleep

Clearly, it's a really, really nice pillow.

[SomeBunnyOvertheRainbow]

Is it just me who thinks it’s weird OP has done one just because people asked what the item was?

[Bottomplasters]

Wtf is the item

[FinlandFlag]

Omg I know what it is! I'm in same industry and yes prices have just rocketed!







nah course I don't know. C'mon op wtf is it?! Please! Have some wine then tell us

[LakieLady]

It’s a panda

Giant, red or Fiat?

[Rk123]

Get what it is worth now. What if she decides to sell and make money on it?

[NotStayingIn]

Not the brightest move telling her you want to sell whilst she has possession of the item!

[StillCoughingandLaughing]

Why does she have possession of the item?
Presumably, unless the item is a cloud, a star or a metaphysical concept, it has to be physically somewhere. I can’t see how difficult it is to understand that one of the part-owners would be in possession of it at any one time.

[StillCoughingandLaughing]

Anyone suggesting that what would be due to you is half the original rate is awarding your friend 100% of the profit for no good reason (based on the information we have).

But there IS a good reason. The ex-friend didn’t want the to buy the item outright - that’s why she went halves with the OP. Now the OP is offering to sell her share for a profit to someone who didn’t want it when it was a lot cheaper. Why would someone who wouldn’t pay £500 for 100% of something 12 months ago now want to pay an extra £300 (for example) for the other half she didn’t want in the first place? If the price had come down, there might be an incentive for the ex-friend to buy out the OP. If the ex-friend wanted to buy the OP’s share, rather than the OP actively wanting to sell, of course she should offer more. As it is, she’s essentially being asked to pay extra to benefit the OP.

[PablosHoney]

Why would she give you more than you paid for it??

[kayteep]

I can’t believe I’ve read all 10 pages and I still don’t know what it is! Going to go to bed imaging all sorts!

[BalloonSlayer]

I reckon it's a Harry Potter and the Philosopher's Stone first edition.

One sold for ££££££££££ recently and the OP thinks they can get the same for theirs. Ex friend wants to hang on in case it goes up more and is saying OK I'll give you what you paid.

Do I win £5 ?

[PinkyBrain]

Is it a hot tub?

[LonginesPrime]

Have either of you been using the item? Has she always had it?

How were you planning to get your money's worth if you hadn't fallen out?

[Try2makeadifference]

Is it a Cleverspa replacement filter?

[LonginesPrime]

OP, if I've got this right, you're saying you don't have a written contract, she has possession, you can only prove joint ownership (presumably by proving you paid her?) but for some reason, you can't sell your interest in the item to anyone else.

In that case, it looks like your options are is (1) to accept her price, pay it and move on or (2) take her to the small claims court.

How come you can only prove joint ownership but you can't prove you own your share? It's really difficult to advise anything sensible when we don't know what you're talking about, but I'd try to find a way to transfer your interest to someone else.

[BendyLikeBeckham]

is it a season ticket, or some other pair of tickets to a prestigious event next year? Nobody would buy half of a pair, ie one ticket