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Austin homeowners already underwater 100K on hom since Covid purchase

https://x.com/financeguypup/status/1928989799223890015?s=61&...
Magical hairraiser brunch stain
  06/01/25
100% finance is crazy otherwise they would have a 3% 30 year...
Clear piazza idiot
  06/01/25
No sympathy on my end
Magical hairraiser brunch stain
  06/01/25
I have a mil at least in equity. Not that I care because it...
Clear piazza idiot
  06/01/25
I have like $20k in equity because I bought my house and it ...
Citrine concupiscible tattoo
  06/01/25
Lmfao
odious thirsty forum immigrant
  06/01/25
Same. I don’t even factor it into my NW. I paid it...
Magical hairraiser brunch stain
  06/01/25
are you divorced with kids? i always thought you were single...
Very Tactful Black Woman
  06/02/25
...
Titillating white crackhouse
  06/01/25
Same thing has happened to me but I haven’t moved and ...
Citrine concupiscible tattoo
  06/01/25
...
Titillating white crackhouse
  06/01/25
...
Stimulating juggernaut
  06/01/25
we have seen photos, so he is indeed very real
insecure generalized bond
  06/01/25
I'm afraid he's very real.
french garrison
  06/01/25
this is the fatal flaw with sunbelt real estate. if you're g...
nubile place of business
  06/01/25
There aren’t really any “booms” except in ...
Swollen Twinkling Uncleanness Alpha
  06/01/25
He constantly does this. I recommend that others think hard ...
Laughsome pearl partner
  06/01/25
uh Florida? what's with the intellectual dishonesty?
nubile place of business
  06/02/25
Florida seems cheap except like where the millionaire spic c...
Swollen Twinkling Uncleanness Alpha
  06/02/25
the austin boom lasted around 12 years. pretty hard to wait ...
spruce flirting institution
  06/02/25
take a look at Toronto if you want a real laugh
multi-colored lodge sex offender
  06/01/25
explain. with some links, if possible.
insecure generalized bond
  06/01/25
- Canada has an insane real estate bubble that appeared duri...
multi-colored lodge sex offender
  06/01/25
180 what about Vancouver
Dead Jet Sanctuary
  06/01/25
may have a bit more resilience than Toronto which is just en...
multi-colored lodge sex offender
  06/01/25
Are ACCBs still allowed in Vancouver? The number of normal S...
Dead Jet Sanctuary
  06/01/25
oh wow! 5 year mortgages? that's nuts!
insecure generalized bond
  06/01/25
mortgages there aren't securitized and banks hold them on th...
multi-colored lodge sex offender
  06/01/25
ah ok. > mortgages there aren't securitized isn't ...
insecure generalized bond
  06/01/25
Depends which way rates move I suppose
Amethyst Contagious Hall
  06/02/25
This is most American cities too now
crimson nowag
  06/02/25
Who buys a 1.48 million house and then rents it out for 2700...
Geriatric mad-dog skullcap
  06/02/25
generally, people who thought line goes up and it would be a...
multi-colored lodge sex offender
  06/02/25
Didn’t they ban foreign buying in Canada a while back?
angry wonderful athletic conference
  06/01/25
JFC, my house is supposedly worth almost twice what I bought...
Talking Market Organic Girlfriend
  06/02/25
...
Titillating white crackhouse
  06/02/25
Wow so they would’ve been better off renting?
Flushed Circlehead University
  06/02/25


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Reply Favorite

Date: June 1st, 2025 6:13 PM
Author: Magical hairraiser brunch stain

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: Clear piazza idiot

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: Magical hairraiser brunch stain

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: Clear piazza idiot

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: Citrine concupiscible tattoo

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: odious thirsty forum immigrant

Lmfao

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



Reply Favorite

Date: June 1st, 2025 6:30 PM
Author: Magical hairraiser brunch stain

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: Very Tactful Black Woman

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: Titillating white crackhouse



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



Reply Favorite

Date: June 1st, 2025 6:26 PM
Author: Citrine concupiscible tattoo

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: Titillating white crackhouse



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



Reply Favorite

Date: June 1st, 2025 6:28 PM
Author: Stimulating juggernaut



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



Reply Favorite

Date: June 1st, 2025 6:32 PM
Author: insecure generalized bond

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: french garrison

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: nubile place of business

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: Swollen Twinkling Uncleanness Alpha

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: Laughsome pearl partner

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: nubile place of business

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: Swollen Twinkling Uncleanness Alpha

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: spruce flirting institution

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: multi-colored lodge sex offender

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: insecure generalized bond

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: multi-colored lodge sex offender

- 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: Dead Jet Sanctuary

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: multi-colored lodge sex offender

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: Dead Jet Sanctuary

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: insecure generalized bond

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: multi-colored lodge sex offender

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: insecure generalized bond

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: Amethyst Contagious Hall

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: crimson nowag

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: Geriatric mad-dog skullcap

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: multi-colored lodge sex offender

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: angry wonderful athletic conference

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: Talking Market Organic Girlfriend

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: Titillating white crackhouse



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



Reply Favorite

Date: June 2nd, 2025 10:56 AM
Author: Flushed Circlehead University

Wow so they would’ve been better off renting?

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