nath
Fledgling Freddie
- Joined
- Dec 22, 2003
- Messages
- 8,009
So how did this happen? Put simply, my partner and I started a new business four years ago, and we borrowed and borrowed and bought a country house alongside the two we owned between us in London.
We practically rebuilt it while I fussed over the kitchen, oohing and aahing over Farrow & Ball paint and butler sinks. We moved to the Cotswolds and I even bought another cottage as an ‘investment’.
When the recession hit, we realised the value of our properties had slumped and we were largely in negative equity. We had to rearrange our lives totally. These days, I am lucky if I earn £500 a week as a writer.