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Austin homeowners already underwater 100K on hom since Covid purchase

https://x.com/financeguypup/status/1928989799223890015?s=61&...
concupiscible flirting tanning salon
  06/01/25
100% finance is crazy otherwise they would have a 3% 30 year...
exciting property weed whacker
  06/01/25
No sympathy on my end
concupiscible flirting tanning salon
  06/01/25
I have a mil at least in equity. Not that I care because it...
exciting property weed whacker
  06/01/25
I have like $20k in equity because I bought my house and it ...
appetizing lime corner
  06/01/25
Lmfao
insanely creepy drunken base
  06/01/25
Same. I don’t even factor it into my NW. I paid it...
concupiscible flirting tanning salon
  06/01/25
are you divorced with kids? i always thought you were single...
180 potus
  06/02/25
good goy
curious sexy plaza really tough guy
  06/01/25
Same thing has happened to me but I haven’t moved and ...
appetizing lime corner
  06/01/25
sometimes i pretend u r real
curious sexy plaza really tough guy
  06/01/25
...
Excitant friendly grandma
  06/01/25
we have seen photos, so he is indeed very real
tantric puce juggernaut
  06/01/25
I'm afraid he's very real.
useless spot roast beef
  06/01/25
this is the fatal flaw with sunbelt real estate. if you're g...
peach site
  06/01/25
There aren’t really any “booms” except in ...
Cerebral center
  06/01/25
He constantly does this. I recommend that others think hard ...
floppy geriatric giraffe
  06/01/25
uh Florida? what's with the intellectual dishonesty?
peach site
  06/02/25
Florida seems cheap except like where the millionaire spic c...
Cerebral center
  06/02/25
the austin boom lasted around 12 years. pretty hard to wait ...
Razzmatazz Piazza Lettuce
  06/02/25
take a look at Toronto if you want a real laugh
mentally impaired voyeur resort
  06/01/25
explain. with some links, if possible.
tantric puce juggernaut
  06/01/25
- Canada has an insane real estate bubble that appeared duri...
mentally impaired voyeur resort
  06/01/25
180 what about Vancouver
buck-toothed trip karate principal's office
  06/01/25
may have a bit more resilience than Toronto which is just en...
mentally impaired voyeur resort
  06/01/25
Are ACCBs still allowed in Vancouver? The number of normal S...
buck-toothed trip karate principal's office
  06/01/25
oh wow! 5 year mortgages? that's nuts!
tantric puce juggernaut
  06/01/25
mortgages there aren't securitized and banks hold them on th...
mentally impaired voyeur resort
  06/01/25
ah ok. > mortgages there aren't securitized isn't ...
tantric puce juggernaut
  06/01/25
Depends which way rates move I suppose
startled national
  06/02/25
This is most American cities too now
lavender pozpig
  06/02/25
Who buys a 1.48 million house and then rents it out for 2700...
coiffed motley international law enforcement agency
  06/02/25
generally, people who thought line goes up and it would be a...
mentally impaired voyeur resort
  06/02/25
Didn’t they ban foreign buying in Canada a while back?
sienna rambunctious garrison
  06/01/25
JFC, my house is supposedly worth almost twice what I bought...
Stubborn Hairraiser Theater Stage Codepig
  06/02/25
lol just checked zillow and my house is up 300k these num...
curious sexy plaza really tough guy
  06/02/25
Wow so they would’ve been better off renting?
Plum Sick Station Indirect Expression
  06/02/25


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Reply Favorite

Date: June 1st, 2025 6:13 PM
Author: concupiscible flirting tanning salon

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: exciting property weed whacker

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: concupiscible flirting tanning salon

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: exciting property weed whacker

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: appetizing lime corner

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: insanely creepy drunken base

Lmfao

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



Reply Favorite

Date: June 1st, 2025 6:30 PM
Author: concupiscible flirting tanning salon

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: 180 potus

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: curious sexy plaza really tough guy

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: appetizing lime corner

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: curious sexy plaza really tough guy

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: Excitant friendly grandma



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



Reply Favorite

Date: June 1st, 2025 6:32 PM
Author: tantric puce juggernaut

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: useless spot roast beef

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: peach site

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: Cerebral center

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: floppy geriatric giraffe

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: peach site

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: Cerebral center

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: Razzmatazz Piazza Lettuce

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: mentally impaired voyeur resort

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: tantric puce juggernaut

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: mentally impaired voyeur resort

- 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 trip karate principal's office

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: mentally impaired voyeur resort

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 trip karate principal's office

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: tantric puce juggernaut

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: mentally impaired voyeur resort

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: tantric puce juggernaut

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: startled national

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: lavender pozpig

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: coiffed motley international law enforcement agency

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: mentally impaired voyeur resort

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: sienna rambunctious garrison

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: Stubborn Hairraiser Theater Stage Codepig

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: curious sexy plaza really tough guy

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: Plum Sick Station Indirect Expression

Wow so they would’ve been better off renting?

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