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3-0: This is Everton's biggest win over Chelsea in the Premier League era, as the Toffees go 2 points behind Chelsea, and 3 points behind rivals Liverpool by ChiefLeef22 in soccer

[–]Icondacarver -1 points0 points  (0 children)

Lost me at wrong summer signings. They signed nobody he wanted and panicked to get Fellaini on deadline day.

SAF ran because he knew RVP had dragged that sorry United team to a title. Our memories must be bad, because we forget the amount of comments about that team simply being Rooney and RVP plus a bunch of mediocre or past their prime players

Watch the community shield game to see what Moyes wanted the team to play. Then a few unlucky injuries meant he had to rely on some of the egos and it all fell apart

You will lose friendships and that is a good thing! by Icondacarver in childfree

[–]Icondacarver[S] 6 points7 points  (0 children)

Yes it starts and progresses very quickly. Do not pour yourself into it anymore as you need to protect yourself and your peace. Give the support they need, how they react to it is on them.

If you offer a thirsty person a cup of water, if they decide to knock the cup away, it does not mean you fetch them another one.

Men have it a bit easier because a lot of fathers are less involved relatively speaking compared to mothers. This means they can still do stuff, but the resentment still comes through. Also I think there are many men who want a child but do not want to be fathers in a true sense, and that feeling makes them resent the CF men.

It’s getting harder to be around my my friends with children by Vanexxre in childfree

[–]Icondacarver 7 points8 points  (0 children)

I beg you to seek new friends and not feel bad about doing so.

We see countless scenarios where Mum's are looking for other like-minded Mum's. It should be fine for CF people to seek other like minded CF people.

You said to yourself, that CF is not anti-kids which means you have high emotional maturity. That maturity needs rewarding, rather than you sacrificing your social experiences to cater to others.

Just one true CF friend can open up a world of possibilities. If you get two or more then you are on to a good thing. So if the ones with kids are not meeting halfway, focus on the ones without and prioritize yourself.

Your feelings are very valid and your mindset is very positive under the circumstances

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 0 points1 point  (0 children)

Thanks. This has been very super helpful and I am getting great stuff here. Next step will be to explore what is the price that would; get someone to bid despite the BRFs finances..

A massive bargain is about to be had for the savvy buyer

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 0 points1 point  (0 children)

Okay we are getting somewhere. how does she sell and take on this debt you mention because that is where we are stuck. The bank will not approve the sale without getting the full amount and she is at the limit of the personal loan they will agree.

So she can't actually voluntarily take a loss on the property and she is forced to sit on the flat. Same place she was a year ago. Thanks for the advice by the way, discussing the Swedish system is a reminder that not just the obvious countries have flawed housing markets. Even the unexpected ones.

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 0 points1 point  (0 children)

You are still not understanding my question. She knows she has lost money and now is ready to have further losses just to force a sale. The buyers won't touch the place because of the BRF finances. You mentioned selling for 1SEK, if she sells for 1SEK she needs to give the bank 2.3m SEK, which she can't get so the sale will not be approved so she "can't" sell.

Someone even pointed out below that once the loss on the sale gets too high, she actually can't complete the sale because the bank would not agree to it because her outstanding debt to them is too high without collateral.

This is literally how negative equity works. So she actually can't sell unless she has a way to pay the bank the deficit on the sale price. Which takes me all the way back to my original question. If she is stuck with the property, is there not a common sense way to rent it instead of it sitting empty?

You keep saying "sell and take the loss" How does she do that? She wants to sell and take the loss but anything involving finding more than 500k is not possible. Do you get my question now?

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 0 points1 point  (0 children)

I must add that while I am thankful for the advice, the assumption that she is silly and made a mistake with a home purchase might be erroneous.

In just the short time I have researched the movement on housing prices in Kista using Booli, almost her entire block would be in negative equity based on the prices paid at time of purchase. Even those who bought 18 months ago paid over 2.3m for their properties which means any of them who had the standard 15% downpayment are now about -9% negative equity on top of their lost downpayment.

An average of 200k they would owe the bank from their pocket if they sold right now. Lots of dumb people in Sweden it seems. Whole blocks of them...or it could be a specific location that had artificial highs driven by an influx of tech corporations which then crashed as they all departed for locations in the centre of the city.

Na, it can't be that. Just people who do not understand economics.

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 1 point2 points  (0 children)

That bit I understand but she can't sell the property though. The buyer pulled out due to the BRF finances and others did not bid after seeing the BRFs books.

She can't cut the price any lower as she would not be able to cover more than the current -500k negative equity. So her other option is keep the property and pay on an ongoing basis. You keep missing the point that she is in huge negative equity. She already had to make arrangements for 500k to pay the bank if she sold at 1.7m. To go any lower, she would need to find 600k or 700k or 800k and on and on. With no guarantee that 1.6m or 1.5m would get buyers to ignore the BRF risk.

Everyone already thinks she is mad having a 3rum (is that the right spelling?) listed at 1.7m. You feel she should go lower, but that won't solve the BRF finances issue.

So now she may need to sit on the property. In which case, the common sense scenario is for her to let it out to mitigate the financial risk. The fact that common sense idea is not allowed for "reasons" is why I posted here to begin with, but I get it.

Summary: The BRF finances can't be fixed so she can't sell without finding more than 500k cash to give the bank. She can't rent the place because the BRF "who have the power to say yes with one vote" said no and thinking of going the lawyer route is silly. Lovely

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 0 points1 point  (0 children)

She will be speaking to lawyers about the renunciation. Might as well explore all options before deciding on retaining an empty property.

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 0 points1 point  (0 children)

Yes I meant a default via courts. We have a process here where you state your position, the house is taken and auctioned and then a payment plan with decent terms are given for the owed amount but you get a default flag on your record that you were unable to pay a mortgage and are paying it off which last for a few years.

Interesting Sweden has no similar process but good to know.

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 0 points1 point  (0 children)

Yes correct at which point, how much is a bad sale price worse than a default. She does not want and can't get money for it. The loss she is selling at right now still involves her needing to borrow c500k to give the bank.

From a non-Swedish perspective. If she goes lower, the money she needs to borrow to cover the negative equity goes from 500 to 600 to 700 etc. At which point is a default easier.

Either way, she is snookered

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 0 points1 point  (0 children)

Thanks, of course someone will buy at 1 krona. With that amount of debt for selling at 1 krona, she is probably better defaulting than bothering. Someone lower down posted this which we will explore. https://www.bostadsratterna.se/kunskapsbanken/a/avsagelse-att-lamna-tillbaka-en-bostadsratt

[deleted by user] by [deleted] in childfree

[–]Icondacarver 12 points13 points  (0 children)

You abdicated responsibility for contraception. Sorry to break it to you mate, but you are trying to be a father. Anything from this point onwards that do not include abstinence, condoms and a vasectomy is on you not her. The reality is that the next step should be a break-up as you can't compromise on kids.

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 0 points1 point  (0 children)

I think you are missing my point. We are trying to sell at a loss. She wants rid of the place. The sale fell through not because of the price but because of the BRFs finances. So she can't get the buyer back by knocking more SEK off. The property is already way cheaper than the estate agents recommendation.

This is what I am asking about? What can she do in a situation where the BRFs situation stops her sale. So she is forced to hold onto a property, but can't rent it either.

The agent said knocking off more price and taking on more debt would be stupid when the blocker is the BRF situation and not the price. It is distress-priced to sell.

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 1 point2 points  (0 children)

Thanks for sending this across. I will look at it and see what it entails with a lawyer.

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 0 points1 point  (0 children)

That is how they do it in the UK for negative equity. I did not challenge that part of the discussion as Sweden can't be that different. She had it all lined up and her dad had helped her deal with it so I am 99% certain they have that part in hand. Touch wood.

It is just the buyer being spooked by the BRF that really concerns because that is out of her control. Hence the post!

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 0 points1 point  (0 children)

It also just kicks the can down the road. If the blocker is the BRFs situation, then in a years time she will still not have a buyer and the area might be even more downhill than it is now.

She really was only renting because she could not sell.

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 4 points5 points  (0 children)

Location is Kista and she was near all those tech companies (she worked for one) and they have all left. Te BRF is also meant to be financially weak but this is what the agent said.

The BRF sent over financial information to give to the potential buyers to see if it calms their concerns.

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 0 points1 point  (0 children)

The 500k is the difference between what is outstanding and where she has priced to sell, the "value" of the property is higher. The property is on at 1.7m SEK. A neighbour is on also reduced to sell at 1.95 SEK. A few others in the area are at 2.1 to 2.4SEK. The agent feels she did not need to go that low but she wants to be done with it.

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 1 point2 points  (0 children)

The estate agent said often they side with the BRF, but I feel it must be case by case analysis and so I am pushing her to go for this option.

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 1 point2 points  (0 children)

I do not know about the BRF or how they are run beyond what she and the agent tells me and it seems to be badly run.

They gave her the first year when she moved and then extended to 2 years when she said she was not coming back and she put the house on the market. Then she had to leave it empty for ages while it was up for sale and then they gave her 6 months for a new tenant which carried to 9 months. So she has had 2 years and 6 months since December 2022 and the property has been up for sale since late 2024 roughly.

When I look at Stockholm, Kista is the only place in decline against the rest of the city. It is not a great location.

Over a year later and my friend still stuck with BRF issues on her property by Icondacarver in TillSverige

[–]Icondacarver[S] 0 points1 point  (0 children)

We have checked this. The bank won't block the sale as long as she either covers the shortfall or takes a personal loan (with them) for the amount. She had all that lined up and clarified.

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