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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: Offensive Piazza 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: Floppy Location Keepsake Machete 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: Offensive Piazza 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: Floppy Location Keepsake Machete 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: charismatic confused sound barrier 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: Fragrant ultramarine puppy box office 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: Offensive Piazza 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: Electric glassy stage hunting ground 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: Vibrant plum corn cake 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: charismatic confused sound barrier 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: Vibrant plum corn cake 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: Navy glittery idiot (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: Slippery Rough-skinned Tanning Salon Water Buffalo 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: magical boistinker 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: dull set genital piercing 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: big yellow wagecucks principal's office 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: bonkers house milk 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: dull set genital piercing 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: big yellow wagecucks principal's office 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: ebony community account half-breed 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: Splenetic at-the-ready patrolman take a look at Toronto if you want a real laugh
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Date: June 1st, 2025 6:49 PM Author: Slippery Rough-skinned Tanning Salon Water Buffalo 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: Splenetic at-the-ready patrolman - 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: insane wonderful twinkling uncleanness 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: Splenetic at-the-ready patrolman 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: insane wonderful twinkling uncleanness 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: Slippery Rough-skinned Tanning Salon Water Buffalo oh wow! 5 year mortgages? that's nuts! |
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Date: June 1st, 2025 9:08 PM Author: Splenetic at-the-ready patrolman 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: Slippery Rough-skinned Tanning Salon Water Buffalo 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: racy green abode 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: anal fat ankles locus 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: Aromatic base 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: Splenetic at-the-ready patrolman 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: 180 Coffee Pot French Chef 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: Cerise Multi-colored Home 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: Vibrant plum corn cake 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: Internet-worthy native private investor Wow so they would’ve been better off renting? (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2],#48980519) |