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Austin homeowners already underwater 100K on hom since Covid purchase

https://x.com/financeguypup/status/1928989799223890015?s=61&...
Tan vigorous legal warrant pistol
  06/01/25
100% finance is crazy otherwise they would have a 3% 30 year...
Magenta water buffalo
  06/01/25
No sympathy on my end
Tan vigorous legal warrant pistol
  06/01/25
I have a mil at least in equity. Not that I care because it...
Magenta water buffalo
  06/01/25
I have like $20k in equity because I bought my house and it ...
curious messiness field
  06/01/25
Lmfao
crawly coral piazza
  06/01/25
Same. I don’t even factor it into my NW. I paid it...
Tan vigorous legal warrant pistol
  06/01/25
are you divorced with kids? i always thought you were single...
Opaque dilemma telephone
  06/02/25
good goy
Sooty bipolar faggot firefighter
  06/01/25
Same thing has happened to me but I haven’t moved and ...
curious messiness field
  06/01/25
sometimes i pretend u r real
Sooty bipolar faggot firefighter
  06/01/25
...
Rose elite corner
  06/01/25
we have seen photos, so he is indeed very real
Cobalt Generalized Bond
  06/01/25
I'm afraid he's very real.
beta dashing stage boistinker
  06/01/25
this is the fatal flaw with sunbelt real estate. if you're g...
Primrose Vivacious Sanctuary
  06/01/25
There aren’t really any “booms” except in ...
swollen shrine
  06/01/25
He constantly does this. I recommend that others think hard ...
aquamarine cruise ship
  06/01/25
uh Florida? what's with the intellectual dishonesty?
Primrose Vivacious Sanctuary
  06/02/25
Florida seems cheap except like where the millionaire spic c...
swollen shrine
  06/02/25
the austin boom lasted around 12 years. pretty hard to wait ...
Fragrant hissy fit den
  06/02/25
take a look at Toronto if you want a real laugh
bull headed judgmental church crotch
  06/01/25
explain. with some links, if possible.
Cobalt Generalized Bond
  06/01/25
- Canada has an insane real estate bubble that appeared duri...
bull headed judgmental church crotch
  06/01/25
180 what about Vancouver
Wonderful newt pisswyrm
  06/01/25
may have a bit more resilience than Toronto which is just en...
bull headed judgmental church crotch
  06/01/25
Are ACCBs still allowed in Vancouver? The number of normal S...
Wonderful newt pisswyrm
  06/01/25
oh wow! 5 year mortgages? that's nuts!
Cobalt Generalized Bond
  06/01/25
mortgages there aren't securitized and banks hold them on th...
bull headed judgmental church crotch
  06/01/25
ah ok. > mortgages there aren't securitized isn't ...
Cobalt Generalized Bond
  06/01/25
Depends which way rates move I suppose
impressive space wrinkle
  06/02/25
This is most American cities too now
topaz charismatic juggernaut station
  06/02/25
Who buys a 1.48 million house and then rents it out for 2700...
Marvelous Home Double Fault
  06/02/25
generally, people who thought line goes up and it would be a...
bull headed judgmental church crotch
  06/02/25
Didn’t they ban foreign buying in Canada a while back?
indigo yapping candlestick maker range
  06/01/25
JFC, my house is supposedly worth almost twice what I bought...
diverse crystalline potus school cafeteria
  06/02/25
lol just checked zillow and my house is up 300k these num...
Sooty bipolar faggot firefighter
  06/02/25
Wow so they would’ve been better off renting?
abnormal filthpig milk
  06/02/25


Poast new message in this thread



Reply Favorite

Date: June 1st, 2025 6:13 PM
Author: Tan vigorous legal warrant pistol

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: Magenta water buffalo

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: Tan vigorous legal warrant pistol

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: Magenta water buffalo

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: curious messiness field

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: crawly coral piazza

Lmfao

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



Reply Favorite

Date: June 1st, 2025 6:30 PM
Author: Tan vigorous legal warrant pistol

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: Opaque dilemma telephone

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: Sooty bipolar faggot firefighter

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: curious messiness field

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: Sooty bipolar faggot firefighter

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: Rose elite corner



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



Reply Favorite

Date: June 1st, 2025 6:32 PM
Author: Cobalt 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: beta dashing stage boistinker

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: Primrose Vivacious Sanctuary

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 shrine

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: aquamarine cruise ship

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: Primrose Vivacious Sanctuary

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 shrine

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: Fragrant hissy fit den

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: bull headed judgmental church crotch

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: Cobalt 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: bull headed judgmental church crotch

- 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: Wonderful newt pisswyrm

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: bull headed judgmental church crotch

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: Wonderful newt pisswyrm

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: Cobalt 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: bull headed judgmental church crotch

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: Cobalt 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: impressive space wrinkle

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: topaz charismatic juggernaut station

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: Marvelous Home Double Fault

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: bull headed judgmental church crotch

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: indigo yapping candlestick maker range

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: diverse crystalline potus school cafeteria

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: Sooty bipolar faggot firefighter

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: abnormal filthpig milk

Wow so they would’ve been better off renting?

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