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Austin homeowners already underwater 100K on hom since Covid purchase

https://x.com/financeguypup/status/1928989799223890015?s=61&...
Copper House
  06/01/25
100% finance is crazy otherwise they would have a 3% 30 year...
Cheese-eating property yarmulke
  06/01/25
No sympathy on my end
Copper House
  06/01/25
I have a mil at least in equity. Not that I care because it...
Cheese-eating property yarmulke
  06/01/25
I have like $20k in equity because I bought my house and it ...
Soggy hospital
  06/01/25
Lmfao
House-broken Double Fault Dragon
  06/01/25
Same. I don’t even factor it into my NW. I paid it...
Copper House
  06/01/25
are you divorced with kids? i always thought you were single...
aphrodisiac base brethren
  06/02/25
good goy
Zombie-like location striped hyena
  06/01/25
Same thing has happened to me but I haven’t moved and ...
Soggy hospital
  06/01/25
sometimes i pretend u r real
Zombie-like location striped hyena
  06/01/25
...
Thriller Lemon Business Firm Reading Party
  06/01/25
we have seen photos, so he is indeed very real
Henna death wish
  06/01/25
I'm afraid he's very real.
Out-of-control hot crotch friendly grandma
  06/01/25
this is the fatal flaw with sunbelt real estate. if you're g...
Bearded alcoholic indian lodge
  06/01/25
There aren’t really any “booms” except in ...
Internet-worthy patrolman
  06/01/25
He constantly does this. I recommend that others think hard ...
Salmon School Water Buffalo
  06/01/25
uh Florida? what's with the intellectual dishonesty?
Bearded alcoholic indian lodge
  06/02/25
Florida seems cheap except like where the millionaire spic c...
Internet-worthy patrolman
  06/02/25
the austin boom lasted around 12 years. pretty hard to wait ...
aggressive stead
  06/02/25
take a look at Toronto if you want a real laugh
Titillating maniacal sandwich
  06/01/25
explain. with some links, if possible.
Henna death wish
  06/01/25
- Canada has an insane real estate bubble that appeared duri...
Titillating maniacal sandwich
  06/01/25
180 what about Vancouver
Swashbuckling Overrated Dingle Berry Public Bath
  06/01/25
may have a bit more resilience than Toronto which is just en...
Titillating maniacal sandwich
  06/01/25
Are ACCBs still allowed in Vancouver? The number of normal S...
Swashbuckling Overrated Dingle Berry Public Bath
  06/01/25
oh wow! 5 year mortgages? that's nuts!
Henna death wish
  06/01/25
mortgages there aren't securitized and banks hold them on th...
Titillating maniacal sandwich
  06/01/25
ah ok. > mortgages there aren't securitized isn't ...
Henna death wish
  06/01/25
Depends which way rates move I suppose
azure idiot
  06/02/25
This is most American cities too now
adventurous church building
  06/02/25
Who buys a 1.48 million house and then rents it out for 2700...
bonkers splenetic den wrinkle
  06/02/25
generally, people who thought line goes up and it would be a...
Titillating maniacal sandwich
  06/02/25
Didn’t they ban foreign buying in Canada a while back?
Amethyst Stage Laser Beams
  06/01/25
JFC, my house is supposedly worth almost twice what I bought...
violet spectacular church
  06/02/25
lol just checked zillow and my house is up 300k these num...
Zombie-like location striped hyena
  06/02/25
Wow so they would’ve been better off renting?
Blue Travel Guidebook
  06/02/25


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Reply Favorite

Date: June 1st, 2025 6:13 PM
Author: Copper House

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: Cheese-eating property yarmulke

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: Copper House

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: Cheese-eating property yarmulke

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: Soggy hospital

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: House-broken Double Fault Dragon

Lmfao

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



Reply Favorite

Date: June 1st, 2025 6:30 PM
Author: Copper House

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: aphrodisiac base brethren

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: Zombie-like location striped hyena

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: Soggy hospital

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: Zombie-like location striped hyena

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: Thriller Lemon Business Firm Reading Party



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



Reply Favorite

Date: June 1st, 2025 6:32 PM
Author: Henna death wish

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: Out-of-control hot crotch friendly grandma

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: Bearded alcoholic indian lodge

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: Internet-worthy patrolman

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: Salmon School Water Buffalo

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: Bearded alcoholic indian lodge

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: Internet-worthy patrolman

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: aggressive stead

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: Titillating maniacal sandwich

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: Henna death wish

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: Titillating maniacal sandwich

- 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: Swashbuckling Overrated Dingle Berry Public Bath

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: Titillating maniacal sandwich

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: Swashbuckling Overrated Dingle Berry Public Bath

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: Henna death wish

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: Titillating maniacal sandwich

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: Henna death wish

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: azure idiot

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: adventurous church building

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: bonkers splenetic den wrinkle

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: Titillating maniacal sandwich

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: Amethyst Stage Laser Beams

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: violet spectacular church

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: Zombie-like location striped hyena

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: Blue Travel Guidebook

Wow so they would’ve been better off renting?

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