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Austin homeowners already underwater 100K on hom since Covid purchase

https://x.com/financeguypup/status/1928989799223890015?s=61&...
aromatic heaven
  06/01/25
100% finance is crazy otherwise they would have a 3% 30 year...
pearly voyeur prole
  06/01/25
No sympathy on my end
aromatic heaven
  06/01/25
I have a mil at least in equity. Not that I care because it...
pearly voyeur prole
  06/01/25
I have like $20k in equity because I bought my house and it ...
light cheese-eating wrinkle indian lodge
  06/01/25
Lmfao
fragrant institution
  06/01/25
Same. I don’t even factor it into my NW. I paid it...
aromatic heaven
  06/01/25
are you divorced with kids? i always thought you were single...
Mint Background Story Pit
  06/02/25
good goy
Citrine property generalized bond
  06/01/25
Same thing has happened to me but I haven’t moved and ...
light cheese-eating wrinkle indian lodge
  06/01/25
sometimes i pretend u r real
Citrine property generalized bond
  06/01/25
...
Racy Navy Liquid Oxygen Mental Disorder
  06/01/25
we have seen photos, so he is indeed very real
hairraiser hunting ground cruise ship
  06/01/25
I'm afraid he's very real.
sooty stimulating goyim
  06/01/25
this is the fatal flaw with sunbelt real estate. if you're g...
excitant pocket flask
  06/01/25
There aren’t really any “booms” except in ...
razzmatazz judgmental meetinghouse regret
  06/01/25
He constantly does this. I recommend that others think hard ...
wonderful plaza halford
  06/01/25
uh Florida? what's with the intellectual dishonesty?
excitant pocket flask
  06/02/25
Florida seems cheap except like where the millionaire spic c...
razzmatazz judgmental meetinghouse regret
  06/02/25
the austin boom lasted around 12 years. pretty hard to wait ...
Rebellious chestnut old irish cottage milk
  06/02/25
take a look at Toronto if you want a real laugh
hateful amber cuckold
  06/01/25
explain. with some links, if possible.
hairraiser hunting ground cruise ship
  06/01/25
- Canada has an insane real estate bubble that appeared duri...
hateful amber cuckold
  06/01/25
180 what about Vancouver
Buck-toothed Potus Tank
  06/01/25
may have a bit more resilience than Toronto which is just en...
hateful amber cuckold
  06/01/25
Are ACCBs still allowed in Vancouver? The number of normal S...
Buck-toothed Potus Tank
  06/01/25
oh wow! 5 year mortgages? that's nuts!
hairraiser hunting ground cruise ship
  06/01/25
mortgages there aren't securitized and banks hold them on th...
hateful amber cuckold
  06/01/25
ah ok. > mortgages there aren't securitized isn't ...
hairraiser hunting ground cruise ship
  06/01/25
Depends which way rates move I suppose
smoky home
  06/02/25
This is most American cities too now
Arousing Mediation
  06/02/25
Who buys a 1.48 million house and then rents it out for 2700...
Heady address
  06/02/25
generally, people who thought line goes up and it would be a...
hateful amber cuckold
  06/02/25
Didn’t they ban foreign buying in Canada a while back?
jade big pervert
  06/01/25
JFC, my house is supposedly worth almost twice what I bought...
Comical principal's office
  06/02/25
lol just checked zillow and my house is up 300k these num...
Citrine property generalized bond
  06/02/25
Wow so they would’ve been better off renting?
provocative bearded feces
  06/02/25


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Reply Favorite

Date: June 1st, 2025 6:13 PM
Author: aromatic heaven

https://x.com/financeguypup/status/1928989799223890015?s=61&t=qNoPioDfrnAVO21rdpy9-w

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979304)



Reply Favorite

Date: June 1st, 2025 6:20 PM
Author: pearly voyeur prole

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)



Reply Favorite

Date: June 1st, 2025 6:21 PM
Author: aromatic heaven

No sympathy on my end

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979328)



Reply Favorite

Date: June 1st, 2025 6:25 PM
Author: pearly voyeur prole

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)



Reply Favorite

Date: June 1st, 2025 6:29 PM
Author: light cheese-eating wrinkle indian lodge

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)



Reply Favorite

Date: June 1st, 2025 7:29 PM
Author: fragrant institution

Lmfao

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979460)



Reply Favorite

Date: June 1st, 2025 6:30 PM
Author: aromatic heaven

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.

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979345)



Reply Favorite

Date: June 2nd, 2025 10:43 AM
Author: Mint Background Story Pit

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)



Reply Favorite

Date: June 1st, 2025 6:24 PM
Author: Citrine property generalized bond

good goy

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979331)



Reply Favorite

Date: June 1st, 2025 6:26 PM
Author: light cheese-eating wrinkle indian lodge

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)



Reply Favorite

Date: June 1st, 2025 6:26 PM
Author: Citrine property generalized bond

sometimes i pretend u r real

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979337)



Reply Favorite

Date: June 1st, 2025 6:28 PM
Author: Racy Navy Liquid Oxygen Mental Disorder



(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979343)



Reply Favorite

Date: June 1st, 2025 6:32 PM
Author: hairraiser hunting ground cruise ship

we have seen photos, so he is indeed very real

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979348)



Reply Favorite

Date: June 1st, 2025 6:38 PM
Author: sooty stimulating goyim

I'm afraid he's very real.

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979360)



Reply Favorite

Date: June 1st, 2025 6:28 PM
Author: excitant pocket flask

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)



Reply Favorite

Date: June 1st, 2025 8:38 PM
Author: razzmatazz judgmental meetinghouse regret

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)



Reply Favorite

Date: June 1st, 2025 9:52 PM
Author: wonderful plaza halford

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)



Reply Favorite

Date: June 2nd, 2025 10:22 AM
Author: excitant pocket flask

uh Florida? what's with the intellectual dishonesty?

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48980458)



Reply Favorite

Date: June 2nd, 2025 10:43 AM
Author: razzmatazz judgmental meetinghouse regret

Florida seems cheap except like where the millionaire spic criminals live

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48980494)



Reply Favorite

Date: June 2nd, 2025 10:40 AM
Author: Rebellious chestnut old irish cottage milk

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)



Reply Favorite

Date: June 1st, 2025 6:36 PM
Author: hateful amber cuckold

take a look at Toronto if you want a real laugh



(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979355)



Reply Favorite

Date: June 1st, 2025 6:49 PM
Author: hairraiser hunting ground cruise ship

explain. with some links, if possible.

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979391)



Reply Favorite

Date: June 1st, 2025 7:01 PM
Author: hateful amber cuckold

- 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



(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979406)



Reply Favorite

Date: June 1st, 2025 7:08 PM
Author: Buck-toothed Potus Tank

180 what about Vancouver

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979419)



Reply Favorite

Date: June 1st, 2025 7:16 PM
Author: hateful amber cuckold

may have a bit more resilience than Toronto which is just endless miles of shitty homes and condos thrown up in cornfields



(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979432)



Reply Favorite

Date: June 1st, 2025 8:04 PM
Author: Buck-toothed Potus Tank

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)



Reply Favorite

Date: June 1st, 2025 9:01 PM
Author: hairraiser hunting ground cruise ship

oh wow!

5 year mortgages? that's nuts!

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979635)



Reply Favorite

Date: June 1st, 2025 9:08 PM
Author: hateful amber cuckold

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)



Reply Favorite

Date: June 1st, 2025 9:43 PM
Author: hairraiser hunting ground cruise ship

ah ok.

> mortgages there aren't securitized

isn't that a good thing? i mean considering what happened here in 2008-9?

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979716)



Reply Favorite

Date: June 2nd, 2025 10:33 AM
Author: smoky home

Depends which way rates move I suppose

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48980481)



Reply Favorite

Date: June 2nd, 2025 10:25 AM
Author: Arousing Mediation

This is most American cities too now

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48980465)



Reply Favorite

Date: June 2nd, 2025 10:59 AM
Author: Heady address

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)



Reply Favorite

Date: June 2nd, 2025 11:13 AM
Author: hateful amber cuckold

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.



(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48980556)



Reply Favorite

Date: June 1st, 2025 9:43 PM
Author: jade big pervert

Didn’t they ban foreign buying in Canada a while back?

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48979718)



Reply Favorite

Date: June 2nd, 2025 10:44 AM
Author: Comical principal's office

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)



Reply Favorite

Date: June 2nd, 2025 11:14 AM
Author: Citrine property generalized bond

lol just checked zillow and my house is up 300k

these numbers are so fake man lmfao

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48980560)



Reply Favorite

Date: June 2nd, 2025 10:56 AM
Author: provocative bearded feces

Wow so they would’ve been better off renting?

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48980519)