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Austin homeowners already underwater 100K on hom since Covid purchase

https://x.com/financeguypup/status/1928989799223890015?s=61&...
Turquoise Bateful Selfie Sandwich
  06/01/25
100% finance is crazy otherwise they would have a 3% 30 year...
lilac haunted graveyard
  06/01/25
No sympathy on my end
Turquoise Bateful Selfie Sandwich
  06/01/25
I have a mil at least in equity. Not that I care because it...
lilac haunted graveyard
  06/01/25
I have like $20k in equity because I bought my house and it ...
internet-worthy depressive
  06/01/25
Lmfao
bisexual chad kitchen
  06/01/25
Same. I don’t even factor it into my NW. I paid it...
Turquoise Bateful Selfie Sandwich
  06/01/25
are you divorced with kids? i always thought you were single...
aqua nighttime double fault ceo
  06/02/25
...
180 shrine french chef
  06/01/25
Same thing has happened to me but I haven’t moved and ...
internet-worthy depressive
  06/01/25
...
180 shrine french chef
  06/01/25
...
Vigorous national
  06/01/25
we have seen photos, so he is indeed very real
impressive spectacular rehab background story
  06/01/25
I'm afraid he's very real.
very tactful concupiscible stead
  06/01/25
this is the fatal flaw with sunbelt real estate. if you're g...
Haunting violet address wagecucks
  06/01/25
There aren’t really any “booms” except in ...
fantasy-prone puppy
  06/01/25
He constantly does this. I recommend that others think hard ...
bat shit crazy twinkling uncleanness
  06/01/25
uh Florida? what's with the intellectual dishonesty?
Haunting violet address wagecucks
  06/02/25
Florida seems cheap except like where the millionaire spic c...
fantasy-prone puppy
  06/02/25
the austin boom lasted around 12 years. pretty hard to wait ...
multi-colored marketing idea
  06/02/25
take a look at Toronto if you want a real laugh
slippery purple windowlicker
  06/01/25
explain. with some links, if possible.
impressive spectacular rehab background story
  06/01/25
- Canada has an insane real estate bubble that appeared duri...
slippery purple windowlicker
  06/01/25
180 what about Vancouver
talented orchestra pit
  06/01/25
may have a bit more resilience than Toronto which is just en...
slippery purple windowlicker
  06/01/25
Are ACCBs still allowed in Vancouver? The number of normal S...
talented orchestra pit
  06/01/25
oh wow! 5 year mortgages? that's nuts!
impressive spectacular rehab background story
  06/01/25
mortgages there aren't securitized and banks hold them on th...
slippery purple windowlicker
  06/01/25
ah ok. > mortgages there aren't securitized isn't ...
impressive spectacular rehab background story
  06/01/25
Depends which way rates move I suppose
black degenerate
  06/02/25
This is most American cities too now
Fragrant angry cuckoldry
  06/02/25
Who buys a 1.48 million house and then rents it out for 2700...
dashing theater
  06/02/25
generally, people who thought line goes up and it would be a...
slippery purple windowlicker
  06/02/25
Didn’t they ban foreign buying in Canada a while back?
Comical potus
  06/01/25
JFC, my house is supposedly worth almost twice what I bought...
Brass idiotic skinny woman community account
  06/02/25
...
180 shrine french chef
  06/02/25
Wow so they would’ve been better off renting?
navy queen of the night station
  06/02/25


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Reply Favorite

Date: June 1st, 2025 6:13 PM
Author: Turquoise Bateful Selfie Sandwich

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: lilac haunted graveyard

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: Turquoise Bateful Selfie Sandwich

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: lilac haunted graveyard

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: internet-worthy depressive

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: bisexual chad kitchen

Lmfao

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



Reply Favorite

Date: June 1st, 2025 6:30 PM
Author: Turquoise Bateful Selfie Sandwich

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: aqua nighttime double fault ceo

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: 180 shrine french chef



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



Reply Favorite

Date: June 1st, 2025 6:26 PM
Author: internet-worthy depressive

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: 180 shrine french chef



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



Reply Favorite

Date: June 1st, 2025 6:28 PM
Author: Vigorous national



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



Reply Favorite

Date: June 1st, 2025 6:32 PM
Author: impressive spectacular rehab background story

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: very tactful concupiscible stead

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: Haunting violet address wagecucks

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: fantasy-prone puppy

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: bat shit crazy twinkling uncleanness

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: Haunting violet address wagecucks

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: fantasy-prone puppy

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: multi-colored marketing idea

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: slippery purple windowlicker

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: impressive spectacular rehab background story

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: slippery purple windowlicker

- 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: talented orchestra pit

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: slippery purple windowlicker

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: talented orchestra pit

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: impressive spectacular rehab background story

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: slippery purple windowlicker

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: impressive spectacular rehab background story

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: black degenerate

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: Fragrant angry cuckoldry

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: dashing theater

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: slippery purple windowlicker

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: Comical potus

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: Brass idiotic skinny woman community account

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: 180 shrine french chef



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



Reply Favorite

Date: June 2nd, 2025 10:56 AM
Author: navy queen of the night station

Wow so they would’ve been better off renting?

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