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.

Judge Rinder is not a judge.

He really should just call himself ‘Rinder’.

I'm guessing beach hut ...

I think the best/fairest option is for you to sell your half for market value. She can buy your share at MV if she wants sole ownership, or you sell it to someone else.

You definitely don't need to sell it to her for what you paid for it.

Curious as to what you'd have been prepared to pay if she'd agreed to you buying her out & what you'd have done with it? You said you 'wanted out' so why did you offer to buy her out?

(I know you've saud you're out now, but most people keep coming back to a thread anyway 🤣)

I think you need to come to a reasonable agreement about how much you should pay your friend.

Home gym

Diamond vibrator

After carefully examining the information given and using my skill as a detective (I'm not one), I have come to the conclusion that the item is a bag of plain flour bought at the start of lockdown for £200 and now worth about £3,000 on the black market

OP says her friend has the item so it can't be anything massive or stocks/shares. My guess is on a designer handbag, only because I know that most designers like Chanel have upped their prices massively this year and existing bags have gone up loads. She hasn't said it's not a bag so that's my bet!

Although it's definitely not something I would ever go 50 50 with someone

You say you want out and you say your friend wants to own 100% so in theory there is a deal to be done here, but it all comes down to "who wants what they want more".

If she's happy to own 100% but not majorly fussed and you really want out, then getting your original stake back might be fair.

If she is mega keen to own it and you're not arsed either way then you could ask for half of the "future potential value", ie more than its current worth.

If you're both equally keen to sell your share and own outright (respectively) then current market value seems reasonable.

But... It's a negotiation. And she has the advantage of possession, it seems. And you brought up the idea of wanting out? So she holds the cards.

Not a beach hut - as does not need on going maintenance

Don't think it matters what it is to be honest.

One person wants to sell their half. One person does not. The first person can sell their half for whatever they want, and to whoever they want. If they want current market value, that's fine and fine. If the second person doesn't want to pay that, fine. Maybe no one will want to pay it.

The first person doesn't have to accept a lower offer just because it's half someone else's. They can quite easily want the higher price. Maybe if they were still friends she could accept that, but even then she doesn't have to. Really, this is exactly why you never mix business with friendships.

Let's put it this way. You and a former partner bought a house 20 years ago whole married for 100k. It's now worth 500k. Would you accept a lower amount on a house that your ex also half owned so that they could keep the house? Would you accept the original 50k you put into it? I doubt it. You'd want current market value. If anyone can come on and say 'I'd be happy with the original 50k rather than the 250k' to stick alongside the opinions on this thread, I'll be surprised.

So, not a house, not a horse, not a painting, no ongoing maintenance costs, hhhmmmm ...

I know what it is .....

It's a wind up!

You are entitled to its current value. And it doesn't matter what it is. These threads get populated by people with the attention span of gnats unable to see or stick to the issues. Half-wit central.

Who is ever going to buy half an asset with no Proof of ownership?

You'd be daft to do that. There is no market value for half an asset!

I want to buy one if it increases in value several thousand pounds from a few hundred!

But not if it won’t ever increase in value again after that.

It's a face mask, isn't it?

(For those who remember 'Bullseye' in the 80s)

"It's a speedboat!"

@AnnaBanana333

It's a face mask, isn't it?

If she wants to buy you out then she should pay the market value (perhaps a little less if you are feeling generous) of your share of the item.

Once she owns it she could do what she wants with it, including selling it and therefore making herself a nice profit indeed that you would no longer be entitled to.

Tell her the options for you are that you either buy her share off her at the market rate (then you can sell it on making the money back plus the profit you would have got from your half) or she can buy it off you at a fair price.

I think it's pointless not saying what the item is though, if your 'ex friend' sees this post she will recognise it anyway I am sure.

@Bionical89

After carefully examining the information given and using my skill as a detective (I'm not one), I have come to the conclusion that the item is a bag of plain flour bought at the start of lockdown for £200 and now worth about £3,000 on the black market

Tell her you're going to sell it to a third party for market value and she can buy it from them.

It is worth whatever she will pay for it.

She's notorious for not paying anyone...... Tradesmen, bills of all kinds. If I want the market rate, it'd inevitably mean small claims or something like it.

Strange that you'd enter into a financial deal with her, then

So because you changed your mind, you want to force your ex friend to either pay thousands to buy you out or otherwise sell her share. Nice.

It's also none of your business to say if she can/can't afford to do something.

Market value of it is meaningless if it's not the sort of item 2 non-friends can share.

Half of current market value seems entirely fair to me but if she won't pay that your only option is to sell your half to someone else. Or to accept what she will pay.