Page 3 | Outbid by rich kid

tenapenny2018 · 2018-11-03T16:16:18+00:00

Just a bid rant. Got outbid by some rich kid with parents buying. Little prat basically emotionally blackmailed the parents until they caved in and upped offer on mine. I have not taken a penny from my parents, since I turned 18.

Alaaya · 03/11/2018 17:31

I feel quite sorry for the kid and I'm glad he got the house. Maybe he's recovering from a traumatic divorce and wants a house for his DC to spend weekends. Maybe he has disabilities and this house gives him a stable place to live in. Maybe he's been recently bereaved and is buying this house out of a life insurance pay out so he can start again.

Or he could be a rich brat. But none of us really know and jealousy is an ugly emotion.

silkpyjamasallday · 03/11/2018 17:31

Unfortunately that's the way the property market works, it is galling, we've been outbid at auction a few times by phone bidders who swooped in at the last minute (my final bid had going once, going twice when they came in and doubled the guide price to win) who'd I'd noticed had already spent more than a million at that auction alone. I felt so angry for so long that they'd 'stolen' our chance for a home, they were just in it for profit, making the housing crisis worse blah blah blah that's just life. You can't character assassinate your 'opponents' you don't really know anything about them, and it doesn't help your situation. With Brexit looking like a shitshow you're probably better waiting until after with the predictions of house prices falling. You never know, the buyer might be in negative equity soon enough Focus on other things and let the anger go.

Treacletoots · 03/11/2018 17:33

I love these threads when people are shown their arse on a plate and are blindly trying to front it out by only replying to the ones who agree with them.

Mother, is that you?

Original poster

tenapenny2018 · 03/11/2018 19:06

There were a lot more conversations went on and I heard enough and also observed body language of the conversation to know the young adult was talking in a nagging manner that as if it was just asking the parents for a few coins for the little piggy bank.

Like I said, I actually feel sorry for the parents.

OP posts:

ThroughThickAndThin01 · 03/11/2018 19:10

Stop being so bloody nosy OP, listening in on people’s conversation, and judging people’s body language. Unbelievable.

thecatsthecats · 03/11/2018 19:45

There were a lot more conversations went on and I heard enough and also observed body language of the conversation to know the young adult was talking in a nagging manner that as if it was just asking the parents for a few coins for the little piggy bank.

Well, I'm pretty well versed in the signals of entitled internet whinger, and my radar is pinging wildly.

HRTpatch · 03/11/2018 19:47

Oh get over yourself.

Littlefrog99 · 03/11/2018 19:58

What's wrong with parents financially helping our their children if they're able to? My in-laws are always chipping in for stuff, we don't financially need their help nor do we ask for/expect it. They say they want to do it so we have more spare cash to spend on our kids, their grandkids. Stop being so judgemental, their circumstances have nothing to do with you.

Workreturner · 03/11/2018 19:59

Like I said, I actually feel sorry for the parents

Bollox you do!

greendale17 · 03/11/2018 20:03

Haha @tenapenny2018 got outbid by a rich kid and their parents

Squirreltamer · 04/11/2018 00:49

It’s not the end of the world... I waited a year for a house I wanted to come on the market... once I was tied in I saw several others come up... like buses I swear.

But why shouldn’t they help their adult child?

They might have alot of money and it makes good financial sense to give it away now. After 8 years there is no tax to pay.

Or the rich kid can wait till their parents die and get the cash less 40% to the tax man.

If I had the money and my children were of Sound mind and character and knew it wouldn’t adversely affect/change them. I’d buy them a house too!

Now for that lottery ticket...

NonaGrey · 04/11/2018 00:55

It’s disappointing not to get a house you wanted but the person who got it is entirely irrelevant to you.

You wouldn’t feel any less disappointed if it was a couple who’d scrimped and saved. You still wouldn’t have the house.

You didn’t get it. Focus us on funding the next.

GETTINGLIKEMYMOTHER · 04/11/2018 08:09

Don't blame you for feeling miffed, OP. Most parents who can afford to will want to help their kids, but of course it can seem bitterly unfair to those whose parents can't or won't.
''Twas ever thus, though - back in the early 70s an uncle - far better off than my folks - bought a London flat outright for my cousins to live in. Oddly enough it didn't really occur to me to be envious - it had always been a fact of life that they had far more money than we did.

EdisonLightBulb · 04/11/2018 08:17

I lost about four houses in 1988 when they were rising so fast in price you couldn't keep up. Gazumping was rife. Eventually I got a smokey, stinky 1903 terrace with faux beams, burgundy bathroom and lots of artex. It had a south facing garden and came up trumps in the end. We loved that house and lived there ten happy years.

Forget it, there's something else you haven't been introduced to yet.

Motherof3Dragons · 04/11/2018 08:46

But this happens all the time - you just wouldn’t know about it in most cases!
We got outbid on the house we liked by a cashbuyer who bought the house for his adult daughter. He also had to renovate it himself. We know that because we walked by the house recently as he was working on it and we started chatting. He was a nice fella and invited us inside the house to show us his work. He said he had to help his daughter to finance the house and renovation work - and it was more costly than he expected. His daughter wanted a lovely kitchen with skylights and all - and because I had similar planned for it, we had a good laugh because both men couldn’t understand the obsession with skylights in kitchens! But I thought his commitment and dedication was rather lovely! And to be honest - if we had the means, we‘d do the same for our children if necessary. We also found another house we both absolutely love in the meantime. Don’t waste your time on being bitter - I am sure the house that’s meant for you is still out there!

Berimbolo · 04/11/2018 08:58

I understand your rant completely because it is frustrating.

DH and I have been outbid in so many instances that it's hard not to feel frustrated sometimes. Plenty of times we've lost out to people in a better position than us and that's just how it is. Mostly in my area we lose out to cash buyers who are turning homes in to multiple occupancy, and those who have several family members buying together. We understand we can't compete with say 8 people combining funds to just DH and I, but doesn't mean it's any less annoying or that we are horrible people for just wanting to get ourselves a home too.

Bluesheep8 · 04/11/2018 09:07

I think you're investing far too much energy thinking about the other buyer. It would be better used on yourself and finding the house that's meant to be. This one wasn't meant to be. End of chapter.

SuburbanRhonda · 04/11/2018 09:10

Are you always this judgmental or is it just when you don’t get your own way?

BlancheM · 04/11/2018 09:46

Ouch. That would sting for anyone, there's no justice in the world.

beanaseireann · 04/11/2018 09:48

You should have upped your offer, if you could afford to.
That's how house buying and selling works OP.
DH and I were never too proud to accept help from our parents.
We didn't have our hands out but accepted help when it was offered.
We'll do the same for our children when the time comes.

Pinkyyy · 04/11/2018 09:50

I truly hate the fact that just because a person's parents have money and have helped them financially, they're not entitled to have any issues in their life. If you don't like it then up your offer.

FekkoThePenguin · 04/11/2018 09:53

Let it go. This is life I'm afraid.

We bought with a view to move on in a couple of years and had our eye on a particular property - houses on that road trebled in price within the 2 years! 'Our' house was bought by a couple of 12 year olds (not quite but they were babies!) who were from Russia and have never actually lived in it.

The property market can be brutal and there will always be someone who has more money than you who can just snap up whatever they like without breaking into to a sweat.

MemoriesOfAnotherFuture · 04/11/2018 10:07

I lost one house despite putting the same offer as the successful party due to me having a chain and them being buy to letters- annoying but it happens. I then eventually completed my sale and moved in with parents for a short period to be chain free and I then lost out on another house, again same offer as successful party this time because I didn’t have a chain and was talking about being able to move quickly and this “didn’t fit with the sellers’ timeframe”!! Both houses were on the same street!

FekkoThePenguin · 04/11/2018 10:12

And if you were selling, would you really take a lower price because the higher bid was from a spoiled brat?

Notmorewashing · 04/11/2018 10:26

I agree with OP, think there should be more tax for parental hand outs. People who are not rich also go through issues in life ! Rich just keep getting richer this way and the grafters poorer eg can not afford deposit not poor enough for benefits not rich enough for one parent to stay at home = childcare fees and stuck in renting Hell.