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Austin homeowners already underwater 100K on hom since Covid purchase

https://x.com/financeguypup/status/1928989799223890015?s=61&...
chrome beady-eyed organic girlfriend
  06/01/25
100% finance is crazy otherwise they would have a 3% 30 year...
Khaki vigorous native
  06/01/25
No sympathy on my end
chrome beady-eyed organic girlfriend
  06/01/25
I have a mil at least in equity. Not that I care because it...
Khaki vigorous native
  06/01/25
I have like $20k in equity because I bought my house and it ...
free-loading pozpig range
  06/01/25
Lmfao
Cruel-hearted Useless Station
  06/01/25
Same. I don’t even factor it into my NW. I paid it...
chrome beady-eyed organic girlfriend
  06/01/25
are you divorced with kids? i always thought you were single...
brilliant abusive resort pervert
  06/02/25
...
ebony bawdyhouse pocket flask
  06/01/25
Same thing has happened to me but I haven’t moved and ...
free-loading pozpig range
  06/01/25
...
ebony bawdyhouse pocket flask
  06/01/25
...
big lettuce locale
  06/01/25
we have seen photos, so he is indeed very real
swashbuckling temple idiot
  06/01/25
I'm afraid he's very real.
Carmine legal warrant
  06/01/25
this is the fatal flaw with sunbelt real estate. if you're g...
Slippery elite sanctuary legend
  06/01/25
There aren’t really any “booms” except in ...
Blue foreskin stage
  06/01/25
He constantly does this. I recommend that others think hard ...
Spectacular Kitchen Place Of Business
  06/01/25
uh Florida? what's with the intellectual dishonesty?
Slippery elite sanctuary legend
  06/02/25
Florida seems cheap except like where the millionaire spic c...
Blue foreskin stage
  06/02/25
the austin boom lasted around 12 years. pretty hard to wait ...
Cerebral useless brakes
  06/02/25
take a look at Toronto if you want a real laugh
light tripping crackhouse
  06/01/25
explain. with some links, if possible.
swashbuckling temple idiot
  06/01/25
- Canada has an insane real estate bubble that appeared duri...
light tripping crackhouse
  06/01/25
180 what about Vancouver
maniacal soul-stirring box office
  06/01/25
may have a bit more resilience than Toronto which is just en...
light tripping crackhouse
  06/01/25
Are ACCBs still allowed in Vancouver? The number of normal S...
maniacal soul-stirring box office
  06/01/25
oh wow! 5 year mortgages? that's nuts!
swashbuckling temple idiot
  06/01/25
mortgages there aren't securitized and banks hold them on th...
light tripping crackhouse
  06/01/25
ah ok. > mortgages there aren't securitized isn't ...
swashbuckling temple idiot
  06/01/25
Depends which way rates move I suppose
Mustard Aphrodisiac Antidepressant Drug Ticket Booth
  06/02/25
This is most American cities too now
Shivering cracking azn regret
  06/02/25
Who buys a 1.48 million house and then rents it out for 2700...
unhinged idea he suggested
  06/02/25
generally, people who thought line goes up and it would be a...
light tripping crackhouse
  06/02/25
Didn’t they ban foreign buying in Canada a while back?
Duck-like Exciting Step-uncle's House Prole
  06/01/25
JFC, my house is supposedly worth almost twice what I bought...
irradiated aqua telephone brunch
  06/02/25
...
ebony bawdyhouse pocket flask
  06/02/25
Wow so they would’ve been better off renting?
gay half-breed depressive
  06/02/25


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Reply Favorite

Date: June 1st, 2025 6:13 PM
Author: chrome beady-eyed organic girlfriend

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: Khaki vigorous native

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: chrome beady-eyed organic girlfriend

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: Khaki vigorous native

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: free-loading pozpig range

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: Cruel-hearted Useless Station

Lmfao

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



Reply Favorite

Date: June 1st, 2025 6:30 PM
Author: chrome beady-eyed organic girlfriend

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: brilliant abusive resort pervert

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: ebony bawdyhouse pocket flask



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



Reply Favorite

Date: June 1st, 2025 6:26 PM
Author: free-loading pozpig range

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: ebony bawdyhouse pocket flask



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



Reply Favorite

Date: June 1st, 2025 6:28 PM
Author: big lettuce locale



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



Reply Favorite

Date: June 1st, 2025 6:32 PM
Author: swashbuckling temple idiot

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: Carmine legal warrant

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: Slippery elite sanctuary legend

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: Blue foreskin stage

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 Kitchen Place Of Business

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: Slippery elite sanctuary legend

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: Blue foreskin stage

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: Cerebral useless brakes

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: light tripping crackhouse

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: swashbuckling temple idiot

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: light tripping crackhouse

- 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: maniacal soul-stirring box 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: light tripping crackhouse

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: maniacal soul-stirring box 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: swashbuckling temple idiot

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: light tripping crackhouse

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: swashbuckling temple idiot

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: Mustard Aphrodisiac Antidepressant Drug Ticket Booth

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: Shivering cracking azn regret

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: unhinged idea he suggested

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: light tripping crackhouse

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: Duck-like Exciting Step-uncle's House Prole

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: irradiated aqua telephone brunch

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: ebony bawdyhouse pocket flask



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



Reply Favorite

Date: June 2nd, 2025 10:56 AM
Author: gay half-breed depressive

Wow so they would’ve been better off renting?

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