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Austin homeowners already underwater 100K on hom since Covid purchase

https://x.com/financeguypup/status/1928989799223890015?s=61&...
shivering adventurous rehab
  06/01/25
100% finance is crazy otherwise they would have a 3% 30 year...
burgundy razzmatazz toilet seat den
  06/01/25
No sympathy on my end
shivering adventurous rehab
  06/01/25
I have a mil at least in equity. Not that I care because it...
burgundy razzmatazz toilet seat den
  06/01/25
I have like $20k in equity because I bought my house and it ...
marvelous house gay wizard
  06/01/25
Lmfao
brilliant seedy hominid
  06/01/25
Same. I don’t even factor it into my NW. I paid it...
shivering adventurous rehab
  06/01/25
are you divorced with kids? i always thought you were single...
Dun travel guidebook locus
  06/02/25
good goy
up-to-no-good marketing idea native
  06/01/25
Same thing has happened to me but I haven’t moved and ...
marvelous house gay wizard
  06/01/25
sometimes i pretend u r real
up-to-no-good marketing idea native
  06/01/25
...
soul-stirring hall sex offender
  06/01/25
we have seen photos, so he is indeed very real
Misanthropic cracking mexican
  06/01/25
I'm afraid he's very real.
Canary New Version
  06/01/25
this is the fatal flaw with sunbelt real estate. if you're g...
cocky parlour faggot firefighter
  06/01/25
There aren’t really any “booms” except in ...
Maize lascivious piazza quadroon
  06/01/25
He constantly does this. I recommend that others think hard ...
spectacular godawful puppy
  06/01/25
uh Florida? what's with the intellectual dishonesty?
cocky parlour faggot firefighter
  06/02/25
Florida seems cheap except like where the millionaire spic c...
Maize lascivious piazza quadroon
  06/02/25
the austin boom lasted around 12 years. pretty hard to wait ...
Garnet racy selfie personal credit line
  06/02/25
take a look at Toronto if you want a real laugh
Azure idiot office
  06/01/25
explain. with some links, if possible.
Misanthropic cracking mexican
  06/01/25
- Canada has an insane real estate bubble that appeared duri...
Azure idiot office
  06/01/25
180 what about Vancouver
Laughsome Coiffed Garrison
  06/01/25
may have a bit more resilience than Toronto which is just en...
Azure idiot office
  06/01/25
Are ACCBs still allowed in Vancouver? The number of normal S...
Laughsome Coiffed Garrison
  06/01/25
oh wow! 5 year mortgages? that's nuts!
Misanthropic cracking mexican
  06/01/25
mortgages there aren't securitized and banks hold them on th...
Azure idiot office
  06/01/25
ah ok. > mortgages there aren't securitized isn't ...
Misanthropic cracking mexican
  06/01/25
Depends which way rates move I suppose
exciting sickened national mad cow disease
  06/02/25
This is most American cities too now
stimulating range
  06/02/25
Who buys a 1.48 million house and then rents it out for 2700...
self-absorbed church building jap
  06/02/25
generally, people who thought line goes up and it would be a...
Azure idiot office
  06/02/25
Didn’t they ban foreign buying in Canada a while back?
khaki hairraiser psychic pit
  06/01/25
JFC, my house is supposedly worth almost twice what I bought...
submissive razzle dysfunction
  06/02/25
lol just checked zillow and my house is up 300k these num...
up-to-no-good marketing idea native
  06/02/25
Wow so they would’ve been better off renting?
crystalline hunting ground
  06/02/25


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Reply Favorite

Date: June 1st, 2025 6:13 PM
Author: shivering adventurous rehab

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: burgundy razzmatazz toilet seat den

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: shivering adventurous rehab

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: burgundy razzmatazz toilet seat den

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: marvelous house gay wizard

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: brilliant seedy hominid

Lmfao

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



Reply Favorite

Date: June 1st, 2025 6:30 PM
Author: shivering adventurous rehab

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: Dun travel guidebook locus

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: up-to-no-good marketing idea native

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: marvelous house gay wizard

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: up-to-no-good marketing idea native

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: soul-stirring hall sex offender



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



Reply Favorite

Date: June 1st, 2025 6:32 PM
Author: Misanthropic cracking mexican

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: Canary New Version

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: cocky parlour faggot firefighter

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: Maize lascivious piazza quadroon

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: spectacular godawful puppy

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: cocky parlour faggot firefighter

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: Maize lascivious piazza quadroon

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: Garnet racy selfie personal credit line

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: Azure idiot office

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: Misanthropic cracking mexican

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: Azure idiot office

- 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: Laughsome Coiffed Garrison

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: Azure idiot office

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: Laughsome Coiffed Garrison

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: Misanthropic cracking mexican

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: Azure idiot office

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: Misanthropic cracking mexican

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: exciting sickened national mad cow disease

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: stimulating range

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: self-absorbed church building jap

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: Azure idiot office

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: khaki hairraiser psychic pit

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: submissive razzle dysfunction

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: up-to-no-good marketing idea native

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: crystalline hunting ground

Wow so they would’ve been better off renting?

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