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Austin homeowners already underwater 100K on hom since Covid purchase
Poast new message in this thread
Date: June 1st, 2025 6:13 PM Author: Walnut Talented Mediation https://x.com/financeguypup/status/1928989799223890015?s=61&t=qNoPioDfrnAVO21rdpy9-w (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979304) |
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Date: June 1st, 2025 6:20 PM Author: Flickering Hunting Ground 100% finance is crazy otherwise they would have a 3% 30 year mortgage so who cares. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979326) |
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Date: June 1st, 2025 6:21 PM Author: Walnut Talented Mediation No sympathy on my end (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979328) |
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Date: June 1st, 2025 6:25 PM Author: Flickering Hunting Ground I have a mil at least in equity. Not that I care because it only matters when you sell and I never will. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979333) |
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Date: June 1st, 2025 6:29 PM Author: Amber Anal Theater People Who Are Hurt I have like $20k in equity because I bought my house and it promptly fell 20% in value. Almost like straight down. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979344) |
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Date: June 1st, 2025 7:29 PM Author: pontificating lay trust fund Lmfao (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979460) |
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Date: June 1st, 2025 6:30 PM Author: Walnut Talented Mediation Same. I don’t even factor it into my NW.
I paid it off in 15 years and haven’t had a mortgage in a decade. |
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Date: June 2nd, 2025 10:43 AM Author: brass area corn cake are you divorced with kids? i always thought you were single but holding RE forever as a single man doesn't make any sense, maybe big city condo you can rent out or whatever (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48980493) |
Date: June 1st, 2025 6:24 PM Author: Thriller chartreuse step-uncle's house good goy (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979331) |
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Date: June 1st, 2025 6:26 PM Author: Amber Anal Theater People Who Are Hurt Same thing has happened to me but I haven’t moved and I don’t need to sell right now. I also put 20% down so I’m not exactly in the red, but a house on my street with a pool, whole house generator, more square footage and full renovation just sold for what we paid for ours 2 years ago. So down about $100k, just like these folks. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979335) |
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Date: June 1st, 2025 6:26 PM Author: Thriller chartreuse step-uncle's house sometimes i pretend u r real (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979337) |
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Date: June 1st, 2025 6:28 PM Author: Flushed awkward clown (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979343) |
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Date: June 1st, 2025 6:32 PM Author: yapping titillating shrine we have seen photos, so he is indeed very real (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979348) |
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Date: June 1st, 2025 6:38 PM Author: honey-headed orchestra pit I'm afraid he's very real. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979360) |
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Date: June 1st, 2025 6:28 PM Author: Tripping olive brethren this is the fatal flaw with sunbelt real estate. if you're going to sell you have to time the boom or else you bust. buying during the boom is retarded. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979340) |
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Date: June 1st, 2025 8:38 PM Author: violet school turdskin There aren’t really any “booms” except in Austin and maybe Nashville. You’re begging the question. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979584) |
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Date: June 1st, 2025 9:52 PM Author: Exciting wine locale old irish cottage He constantly does this. I recommend that others think hard before engaging. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979739) |
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Date: June 2nd, 2025 10:22 AM Author: Tripping olive brethren uh Florida? what's with the intellectual dishonesty? (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48980458) |
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Date: June 2nd, 2025 10:43 AM Author: violet school turdskin Florida seems cheap except like where the millionaire spic criminals live (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48980494) |
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Date: June 2nd, 2025 10:40 AM Author: Bossy set the austin boom lasted around 12 years. pretty hard to wait that out. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48980491) |
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Date: June 1st, 2025 6:36 PM Author: Aphrodisiac Milky Location take a look at Toronto if you want a real laugh
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Date: June 1st, 2025 6:49 PM Author: yapping titillating shrine explain. with some links, if possible. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979391) |
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Date: June 1st, 2025 7:01 PM Author: Aphrodisiac Milky Location - Canada has an insane real estate bubble that appeared during COVID - It is propped up by Chinese speculators, and by low wage Turd immigrants living 19 to a house - Mortgages in Canada generally have a 5 year term, and they are all coming up for renewal right about now at interest rates much higher than when the houses were originally purchased leading to some serious problems
https://x.com/ShaziGoalie/status/1925259171198345276 https://x.com/ShaziGoalie/status/1927137759270989834 https://x.com/ShaziGoalie/status/1928824393901154762 https://x.com/ShaziGoalie/status/1925904653473960204
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Date: June 1st, 2025 7:08 PM Author: Big indian lodge 180 what about Vancouver (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979419) |
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Date: June 1st, 2025 7:16 PM Author: Aphrodisiac Milky Location may have a bit more resilience than Toronto which is just endless miles of shitty homes and condos thrown up in cornfields
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Date: June 1st, 2025 8:04 PM Author: Big indian lodge Are ACCBs still allowed in Vancouver? The number of normal SFHs and condos all selling for $8 million++ was retarded (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979518) |
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Date: June 1st, 2025 9:01 PM Author: yapping titillating shrine oh wow! 5 year mortgages? that's nuts! |
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Date: June 1st, 2025 9:08 PM Author: Aphrodisiac Milky Location mortgages there aren't securitized and banks hold them on their books. so they aren't giving you a 30-year 2% mortgage. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979650) |
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Date: June 1st, 2025 9:43 PM Author: yapping titillating shrine ah ok.
> mortgages there aren't securitized
isn't that a good thing? i mean considering what happened here in 2008-9? |
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Date: June 2nd, 2025 10:33 AM Author: Emerald coffee pot home Depends which way rates move I suppose (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48980481) |
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Date: June 2nd, 2025 10:25 AM Author: translucent concupiscible menage son of senegal This is most American cities too now (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48980465) |
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Date: June 2nd, 2025 10:59 AM Author: cerebral principal's office Who buys a 1.48 million house and then rents it out for 2700/month? Doesn't make sense... Did they subdivide a chunk of land from it or is it money laundering (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48980530) |
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Date: June 2nd, 2025 11:13 AM Author: Aphrodisiac Milky Location generally, people who thought line goes up and it would be a $2.3m house in a year.
that dump was purchased for an insane price pre-covid though, so not sure what was up. maybe walking distance to a synagogue or something.
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Date: June 1st, 2025 9:43 PM Author: Geriatric shimmering goyim gaping Didn’t they ban foreign buying in Canada a while back? (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48979718) |
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Date: June 2nd, 2025 10:44 AM Author: insecure scarlet elastic band JFC, my house is supposedly worth almost twice what I bought it for in 2020. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48980495) |
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Date: June 2nd, 2025 11:14 AM Author: Thriller chartreuse step-uncle's house lol just checked zillow and my house is up 300k
these numbers are so fake man lmfao |
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Date: June 2nd, 2025 10:56 AM Author: Vibrant center Wow so they would’ve been better off renting? (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2).#48980519) |