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Austin homeowners already underwater 100K on hom since Covid purchase

https://x.com/financeguypup/status/1928989799223890015?s=61&...
Multi-colored church building windowlicker
  06/01/25
100% finance is crazy otherwise they would have a 3% 30 year...
Azure Appetizing Preventive Strike University
  06/01/25
No sympathy on my end
Multi-colored church building windowlicker
  06/01/25
I have a mil at least in equity. Not that I care because it...
Azure Appetizing Preventive Strike University
  06/01/25
I have like $20k in equity because I bought my house and it ...
rough-skinned hairraiser brunch wagecucks
  06/01/25
Lmfao
Racy state
  06/01/25
Same. I don’t even factor it into my NW. I paid it...
Multi-colored church building windowlicker
  06/01/25
are you divorced with kids? i always thought you were single...
magenta pocket flask newt
  06/02/25
...
cruel-hearted puppy
  06/01/25
Same thing has happened to me but I haven’t moved and ...
rough-skinned hairraiser brunch wagecucks
  06/01/25
...
cruel-hearted puppy
  06/01/25
...
Diverse avocado business firm partner
  06/01/25
we have seen photos, so he is indeed very real
Motley church mexican
  06/01/25
I'm afraid he's very real.
dun heaven
  06/01/25
this is the fatal flaw with sunbelt real estate. if you're g...
Kink-friendly Step-uncle's House Main People
  06/01/25
There aren’t really any “booms” except in ...
aquamarine thirsty doctorate spot
  06/01/25
He constantly does this. I recommend that others think hard ...
Dashing flesh people who are hurt hissy fit
  06/01/25
uh Florida? what's with the intellectual dishonesty?
Kink-friendly Step-uncle's House Main People
  06/02/25
Florida seems cheap except like where the millionaire spic c...
aquamarine thirsty doctorate spot
  06/02/25
the austin boom lasted around 12 years. pretty hard to wait ...
opaque office scourge upon the earth
  06/02/25
take a look at Toronto if you want a real laugh
histrionic hominid
  06/01/25
explain. with some links, if possible.
Motley church mexican
  06/01/25
- Canada has an insane real estate bubble that appeared duri...
histrionic hominid
  06/01/25
180 what about Vancouver
outnumbered concupiscible national
  06/01/25
may have a bit more resilience than Toronto which is just en...
histrionic hominid
  06/01/25
Are ACCBs still allowed in Vancouver? The number of normal S...
outnumbered concupiscible national
  06/01/25
oh wow! 5 year mortgages? that's nuts!
Motley church mexican
  06/01/25
mortgages there aren't securitized and banks hold them on th...
histrionic hominid
  06/01/25
ah ok. > mortgages there aren't securitized isn't ...
Motley church mexican
  06/01/25
Depends which way rates move I suppose
Adventurous gaming laptop
  06/02/25
This is most American cities too now
Maroon Depressive Lodge
  06/02/25
Who buys a 1.48 million house and then rents it out for 2700...
Rambunctious Whorehouse
  06/02/25
generally, people who thought line goes up and it would be a...
histrionic hominid
  06/02/25
Didn’t they ban foreign buying in Canada a while back?
frum trip pozpig boltzmann
  06/01/25
JFC, my house is supposedly worth almost twice what I bought...
Chestnut point pistol
  06/02/25
...
cruel-hearted puppy
  06/02/25
Wow so they would’ve been better off renting?
bespoke submissive ratface cruise ship
  06/02/25


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Reply Favorite

Date: June 1st, 2025 6:13 PM
Author: Multi-colored church building windowlicker

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: Azure Appetizing Preventive Strike University

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: Multi-colored church building windowlicker

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: Azure Appetizing Preventive Strike University

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: rough-skinned hairraiser brunch wagecucks

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: Racy state

Lmfao

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



Reply Favorite

Date: June 1st, 2025 6:30 PM
Author: Multi-colored church building windowlicker

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: magenta pocket flask newt

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: cruel-hearted puppy



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



Reply Favorite

Date: June 1st, 2025 6:26 PM
Author: rough-skinned hairraiser brunch wagecucks

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: cruel-hearted puppy



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



Reply Favorite

Date: June 1st, 2025 6:28 PM
Author: Diverse avocado business firm partner



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



Reply Favorite

Date: June 1st, 2025 6:32 PM
Author: Motley church mexican

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: dun heaven

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: Kink-friendly Step-uncle's House Main People

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: aquamarine thirsty doctorate spot

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: Dashing flesh people who are hurt hissy fit

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: Kink-friendly Step-uncle's House Main People

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: aquamarine thirsty doctorate spot

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: opaque office scourge upon the earth

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: histrionic hominid

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: Motley church mexican

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: histrionic hominid

- 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: outnumbered concupiscible national

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: histrionic hominid

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: outnumbered concupiscible national

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: Motley church mexican

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: histrionic hominid

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: Motley church mexican

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: Adventurous gaming laptop

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: Maroon Depressive Lodge

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: Rambunctious Whorehouse

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: histrionic hominid

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: frum trip pozpig boltzmann

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: Chestnut point 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: cruel-hearted puppy



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



Reply Favorite

Date: June 2nd, 2025 10:56 AM
Author: bespoke submissive ratface cruise ship

Wow so they would’ve been better off renting?

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