In The Red: The real reason for selling: I crave a room of one's own
Saturday 05 September 2009
Since last week's offer of a flat for sale (specifically, my flat; I'm all but convinced that I want to be rid of it, not because of any inherent imperfections so much as the fact that I'm increasingly resenting the various side effects of ownership) I've received a great deal of emails. Unfortunately, not one of them from a prospective buyer.
Even worse, not one of them was in favour of my selling; all were advising me to hold on to the thing. Which, I suppose, makes sense. Everyone wants to own, and with good reason: at the end of the day (or 100-odd years it takes to pay of your super-sized mortgage) it provides financial security.
It's a bit like having a bank account into which you deposit chunks of your income in order to provide for your future (uh, saving, I believe this is called – by people organised enough to do it). Except that if you fail to deposit the chunks, you don't just eat away at your future provisions but you face the prospect of bailiffs knocking on your door (something which, as I know only too well from experience, is not terribly pleasant).
Clearly, in wanting not to own, I'm in a minority. But I'm afraid, dear emailers, while your advice is heartily appreciated, it has yet to convince.
As I said last week, there are two main reasons behind my wanting to sell.
First of all, the fact that my mortgage payments consume almost all of my pay check (the rest of which goes on bills, student loan repayments, and tax) and, despite (some of) your kind assurances – especially you, Ken – that I will one day be earning enough to cover all these – and take expensive holidays in the Caribbean – I'm afraid the short-term prospects are just too unattractive.
The second reason is the lack of responsibility. It's not just as a simple as wanting to be able to ring up my landlord and get things fixed, it is the fact that I don't want to spend my entire pre-settling-down life in London. Owning a property, I'm beginning to realise, severely restricts your freedom.
There is, however, a third factor. I increasingly crave, as Virginia Woolf put it, a room of one's own. A luxury, I know, but there you have it. At the moment, the only way I can pay off my mortgage is to have a lodger and that, I have to say, is getting on my nerves. There's nothing wrong with the person per se, it's just the sheer matter of sharing. Which makes a rented bedsit all the more appealing. So, there we have it: the real reason I want to sell. And, yes, if anyone's interested my offer still stands: anyone looking for a flat in Bethnal Green?
Independent Partners: Get fee-free expert mortgage advice and find the right mortgage deal for you.
Simon Read: Timeshare owners accuse Macdonald Resorts of land grab
Donald MacInnes: Let's pretend Scotland won and now a salmon is running the country
Bargain Hunter: Win a new iPhone 6
More than 300,000 adults are too deeply in debt to apply for bankruptcy
The HiFX guide to managing corporate foreign exchange and international payments
- 1 Mario Balotelli: Staff at arson-hit Manchester Dogs' Home convinced Liverpool striker is behind five-figure donation
- 2 Friends 20th anniversary: Alison Jackson photographs reunited cast
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 4 The response to my Pizza Express review has been overwhelming, and taught me a lot about journalism
- 5 Free U2 album: How the most generous giveaway in music history turned into a PR disaster
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...
Day In a Page
A six-bedroom terraced house with large south-facing roof terrace, cinema room and wine cellar
A new seven-bedroom home built in Queen Anne-style with swimming pool and parkland views in Mortimer
A listed, four-bedroom farmhouse in the rural hamlet of Rushall with detached barn, four acres of gardens and paddocks
A first-floor flat with two bedrooms, a spacious reception room and communal grounds in a leafy part of London
A three-bedroom flat with a spacious rootop terrace and balcony, accessed from a private gated courtyard
A Grade II-listed pile with six bedrooms, stables and 39 acres of grounds in Standlake
A two-bedroom flat with boutique hotel-style interiors, close to the foodie haunt of West End Lane
A two-bedroom flat in a beautiful old vicarage, with many original features, close to the city centre
A three-bedroom 16th-century home with an aga kitchen, private gardens and heated outdoor pool, in Hadleigh
A three-bedrom home in sought-after Queen's Gate Mews, with Italian marble-finished bathrooms
Surrounded by glorious countryside in the village of Udimore, sits this impressive four-kiln oast and barn conversion
A five-bedroom house in the picturesque village of Kettlewell, north Yorkshire
An 18th-century former coaching inn with original staircase, open fireplaces and beams throughout
A Grade II-listed Georgian town house with three bedrooms and a south-facing courtyard, near Arundel Castle
Feel on top of the world at this über chic penthouse on the 37th floor of one of Europe’s tallest blocks.
A Grade II-listed Victorian villa with six bedrooms and two further cottages, all with spectacular sea views
A grade II-listed, Georgian cottage with mature 50ft garden, perfect for summer entertaining
A magnificent Georgian pile with turrets, seven bedrooms, a heated pool and four acres of gardens
Fairoak Farm has five bedroom suites, gym, outdoor swimming pool and golf course
Chic two-bedroom river-fronted flat with a private lift that delivers you directly to your home
A spectacular seven-bedroom Tudor pile, once owned by Henry VIII, with 18 acres of land
A seven-bedroom Georgian property previously used as a picturesque wedding venue
A split-level flat in a church conversion with two en suite bedrooms and 1,200sq ft of living space
A three-bedroom bungalow situated behind an impressive stone wall, £645,000
Windsor Castle overlooks this three-bedroom Victorian cottage located on one of Windsor's smartest roads
Chapel House is a former vicarage with nine bedrooms in the beautiful Upper Wye Valley
A five-bedroom B&B and separate owner's accomodation with potential for conversion
Enjoy summer by the Thames in this two double-bedroom converted warehouse in Rotherhithe village
A one-bedroom, luxury apartment with private gym and concierge service in Moorgate
A four-bedroom house in Hermitage Gardens with three reception rooms and landscaped gardens
A seven-bedroom Grade II-listed property with a separate self-contained apartment
A five-bedroom Victorian house with three reception rooms and galleried landing, £695,000
A six-bedroom farmhouse with five acres of land in a former cloth-making village
A secluded seven-bedroom detached house with large private garden, £490,000
A three-bedroom cottage overlooking Sarratt village green with open fires and solid oak floors
A three-bedroom maisonette flat in a Grade I-listed, Georgian townhouse in a sought-after location
A one-bedroom apartment located within a private gated development, north of Turnham Green
Look forward to a brighter future at two-bedroom Sunny Cottages, ideal for Londoners looking to downsize