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Austin homeowners already underwater 100K on hom since Covid purchase

https://x.com/financeguypup/status/1928989799223890015?s=61&...
bonkers son of senegal
  06/01/25
100% finance is crazy otherwise they would have a 3% 30 year...
Histrionic quadroon chad
  06/01/25
No sympathy on my end
bonkers son of senegal
  06/01/25
I have a mil at least in equity. Not that I care because it...
Histrionic quadroon chad
  06/01/25
I have like $20k in equity because I bought my house and it ...
Charismatic Newt
  06/01/25
Lmfao
Razzle-dazzle Seedy Trump Supporter Meetinghouse
  06/01/25
Same. I don’t even factor it into my NW. I paid it...
bonkers son of senegal
  06/01/25
are you divorced with kids? i always thought you were single...
Multi-colored Gaped Indian Lodge Boiling Water
  06/02/25
...
white provocative selfie
  06/01/25
Same thing has happened to me but I haven’t moved and ...
Charismatic Newt
  06/01/25
...
white provocative selfie
  06/01/25
...
bistre passionate church building mad cow disease
  06/01/25
we have seen photos, so he is indeed very real
Nighttime locale jew
  06/01/25
I'm afraid he's very real.
jet nursing home hissy fit
  06/01/25
this is the fatal flaw with sunbelt real estate. if you're g...
Galvanic citrine genital piercing stag film
  06/01/25
There aren’t really any “booms” except in ...
Racy primrose casino dog poop
  06/01/25
He constantly does this. I recommend that others think hard ...
curious travel guidebook lay
  06/01/25
uh Florida? what's with the intellectual dishonesty?
Galvanic citrine genital piercing stag film
  06/02/25
Florida seems cheap except like where the millionaire spic c...
Racy primrose casino dog poop
  06/02/25
the austin boom lasted around 12 years. pretty hard to wait ...
peach disgusting sweet tailpipe party of the first part
  06/02/25
take a look at Toronto if you want a real laugh
Chestnut Stage
  06/01/25
explain. with some links, if possible.
Nighttime locale jew
  06/01/25
- Canada has an insane real estate bubble that appeared duri...
Chestnut Stage
  06/01/25
180 what about Vancouver
Demanding twinkling uncleanness
  06/01/25
may have a bit more resilience than Toronto which is just en...
Chestnut Stage
  06/01/25
Are ACCBs still allowed in Vancouver? The number of normal S...
Demanding twinkling uncleanness
  06/01/25
oh wow! 5 year mortgages? that's nuts!
Nighttime locale jew
  06/01/25
mortgages there aren't securitized and banks hold them on th...
Chestnut Stage
  06/01/25
ah ok. > mortgages there aren't securitized isn't ...
Nighttime locale jew
  06/01/25
Depends which way rates move I suppose
drab kink-friendly turdskin school
  06/02/25
This is most American cities too now
Umber wonderful idea he suggested
  06/02/25
Who buys a 1.48 million house and then rents it out for 2700...
greedy den people who are hurt
  06/02/25
generally, people who thought line goes up and it would be a...
Chestnut Stage
  06/02/25
Didn’t they ban foreign buying in Canada a while back?
stimulating henna roommate church
  06/01/25
JFC, my house is supposedly worth almost twice what I bought...
vivacious menage pistol
  06/02/25
...
white provocative selfie
  06/02/25
Wow so they would’ve been better off renting?
Boyish kitty
  06/02/25


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Reply Favorite

Date: June 1st, 2025 6:13 PM
Author: bonkers son of senegal

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: Histrionic quadroon chad

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: bonkers son of senegal

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: Histrionic quadroon chad

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: Charismatic Newt

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: Razzle-dazzle Seedy Trump Supporter Meetinghouse

Lmfao

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



Reply Favorite

Date: June 1st, 2025 6:30 PM
Author: bonkers son of senegal

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: Multi-colored Gaped Indian Lodge Boiling Water

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: white provocative selfie



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



Reply Favorite

Date: June 1st, 2025 6:26 PM
Author: Charismatic Newt

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: white provocative selfie



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



Reply Favorite

Date: June 1st, 2025 6:28 PM
Author: bistre passionate church building mad cow disease



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



Reply Favorite

Date: June 1st, 2025 6:32 PM
Author: Nighttime locale jew

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: jet nursing home hissy fit

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: Galvanic citrine genital piercing stag film

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: Racy primrose casino dog poop

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: curious travel guidebook lay

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: Galvanic citrine genital piercing stag film

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: Racy primrose casino dog poop

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: peach disgusting sweet tailpipe party of the first part

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: Chestnut Stage

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: Nighttime locale jew

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: Chestnut Stage

- 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: Demanding twinkling uncleanness

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: Chestnut Stage

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: Demanding twinkling uncleanness

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: Nighttime locale jew

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: Chestnut Stage

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: Nighttime locale jew

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: drab kink-friendly turdskin school

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: Umber wonderful idea he suggested

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: greedy den people who are hurt

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: Chestnut Stage

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: stimulating henna roommate church

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: vivacious menage pistol

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: white provocative selfie



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



Reply Favorite

Date: June 2nd, 2025 10:56 AM
Author: Boyish kitty

Wow so they would’ve been better off renting?

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