Friend lost his job

January 31st, 2010

Fridays are my favourite day at work, not only because we are facing the weekend, people always bring in a few foodie treats, but mainly because I get to leave a little bit earlier.  This means I get to avoid the hellish Friday night traffic before it gets really bad.  This Friday completely without notice we were told we had a last minute meeting and had to stay late.  I was gutted, no early start to the weekend and a whole load of sitting still in traffic.  As always on a Friday I was expected to meet some friends in the pub, I was over two hours late and completely furious by the time I finally arrived.


While I was ranting about me stupid job and my rubbish day, I realised my companions were looking a little uncomfortable and I guessed I had put my foot in it somewhere.  It transpired that one of my friends was drowning his sorrows after unexpectedly losing his job that very day. I have heard plenty on the news about companies closing and people losing their jobs but it luckily hadn’t effected me personally until that moment. 


This was always going to be bad news, but it was made even worse by the fact that he had recently purchased his first house, which he has only just got looking like he wants.  Two years ago back when property prices were falling, he found it really easy to get some good mortgages deals and jumped at the chance to be a home owner.  Now he is really regretting that decision as he is not the kind of person to bury his head in the sand, he will not be able to handle any repossession problems.  


Needless to say, I have had better nights as we were all pretty down.  We spend the evening thrashing out ideas as to how he could avoid repossession, but short from getting another job fast (not an easy thing at the moment) we were not much help. 

He sadly decided that in order to keep his sanity, he would have to consider selling his house and moving back in with his parents. And he won’t be the only one, in the news recently, repossession are on the rise, and the main reason - unemployment.

Tags: , ,
Posted in Finance, Property | Comments (0)

Leave a Reply