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.

[AWiseWomanOnceSaidFuckThisShit]

Everyone really wants to know what it is, including me!

[wewillmeetagain]

Designer handbag?

[Bishybarnybee]

This is a really frustrating post as it is hard to imagine any item you could buy between you and both get use of. You are saying some things it's not, but not saying what it is.

I feel a game of 20 questions coming on. I'll start:

Is it alive?

[Thisismytimetoshine]

How was it valued, and would it really fetch this subjective value in the open market? Is there an actual market for whatever this thing is, or is it a one off curiosity?

[AllAboutHallowsEve]

Is it a boat? This post sounds familiar. Either way, this must be very stressful for you.

[Othering]

@BaronessBomburst

I think it's hard to say without more information.
Would she have bought it on her own if you hadn't paid half?
Does the item incur upkeep or maintenance costs?
Do you have a contract or written proof of shared ownership?
Will the item continue to appreciate?

It was my original idea to buy it. She jumped on board. I was happy with that at the time. No ongoing upkeep costs. No contract but yes, could prove joint ownership. It might go up a bit more but not much now.

[StCharlotte]

How has it gone up in value so much?

[MissTemple]

How do you share it if she has it at the moment?

[TitianaTitsling]

If answer to @Bishybarnybee is yes... Is it feathered?
If no.. does it move?

[Carandi]

Cryptic posts are very irritating as they don't allow people to give a considered opinion as there aren't enough facts.

Did you have an agreement at the beginning as to who would hold on to the item? Do you share it? If not then what do you get out of half ownership?

If I bought a house 50:50 with someone and wanted out a year later I'd expect to benefit from any equity, so not sure why you wouldn't too, but I don't know what the item is.

[Othering]

@Laaalaaaa

If the value had decreased would you accept the current market value or do you only want market value as it’s increased?

That's an interesting point. If the value had decreased, she'd know it and no way would she offer what we'd originally paid.

[Eddielzzard]

How about a compromise - half way between what you paid and market price? That way you've made some money out of it, and she still gets a good deal from buying your half.

[Thinkingabout1t]

She is abusing the power that (unfortunately) she has because this was set up on trust.

[BaronessBomburst]

So you would have bought the item on your own, and so to be selling it now you would be reaping the profits. But she wanted to join you and asked to come in.
I think she should pay you half the current market value.

[Othering]

Sorry to frustrate everyone by not saying what it is. It's too specific but its not a curiosity that I just assume might have gone up. It's a market we both know very well and it has objectively shot up by several thousand. It's not a boat though, so no familiarity with the post!

[Beautiful3]

I would get your half, forget it and move on. What's the point of arguing the toss about it.

[FelicityPike]

Shares?

[UltimateWednesday]

It's worth what you can sell it for, so if she is the only possible buyer it's only worth what she will pay. If she is your only option, tbh,it wouldn't be unreasonable for her to offer you less than you paid, that's how the market works. If you can sell your share elsewhere and get more, do that, if you want to.

[STAYTHEFUCKHOME]

Anyone else thing the OP is loving the attention of people trying to guess?

[Ponoka7]

I'd try to compromise and meet in the middle. As annoying as it is, is it worth the ongoing arguments?

You knew that she was tight and should have prepared for this, lesson learnt.

[OldEvilOwl]

Is it a camper van?

[ConnellWaldronsChain]

Boat/ Campervan?

You need to negotiate a compromise which is acceptable to you both so likely somewhere in between the price you paid and the current value

It's not in her interests for you to sell your 50% to a random person, nor is it in your interests to have to persue the legal route to make her pay the higher price

Is there a mutual friend who could act as a go between to help you come to a compromise?

[DingDongDenny]

Is it gold? or stocks of some kind and are you looking to release the capital.

In which case it was an investment and I can see why you want a share of the profit as well - the point of purchasing after all. But you should have discussed it in the beginning

You also need to remember that it could lose its value

[gamerchick]

Anyone else thing the OP is loving the attention of people trying to guess

Yes.

Although people think they're far too important that they'll be instantly recognised if they say what a hobby is on here

[LinemanForTheCounty]

Is it crack cocaine?