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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: sickened sticky gunner 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: Slap-happy institution 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: sickened sticky gunner 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: Slap-happy institution 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: laughsome electric furnace pistol 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: Electric Theater Stage 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: sickened sticky gunner 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: Pale spectacular bawdyhouse bbw 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: arousing honey-headed partner 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: laughsome electric furnace pistol 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: arousing honey-headed partner 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: nighttime fear-inspiring corner philosopher-king (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: pink concupiscible coffee pot 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: thriller chartreuse meetinghouse 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: Poppy diverse address 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: idiotic rose temple stock car 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: Cheese-eating brethren 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: Poppy diverse address 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: idiotic rose temple stock car 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: medicated exciting indirect expression gaping 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: stubborn seedy sandwich take a look at Toronto if you want a real laugh
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Date: June 1st, 2025 6:49 PM Author: pink concupiscible coffee pot 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: stubborn seedy sandwich - 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: Trip dragon church building 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: stubborn seedy sandwich 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: Trip dragon church building 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: pink concupiscible coffee pot oh wow! 5 year mortgages? that's nuts! |
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Date: June 1st, 2025 9:08 PM Author: stubborn seedy sandwich 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: pink concupiscible coffee pot 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: buck-toothed scourge upon the earth 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: Big Grizzly Crackhouse 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: wonderful locus boistinker 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: stubborn seedy sandwich 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: Buff affirmative action 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: Swashbuckling filthpig 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: arousing honey-headed partner 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: Brindle skinny woman telephone Wow so they would’ve been better off renting? (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2#48980519) |