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Austin homeowners already underwater 100K on hom since Covid purchase
Poast new message in this thread
Date: June 1st, 2025 6:13 PM Author: Drunk Shrimp https://x.com/financeguypup/status/1928989799223890015?s=61&t=qNoPioDfrnAVO21rdpy9-w (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979304) |
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Date: June 1st, 2025 6:20 PM Author: Drunkard 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...id.#48979326) |
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Date: June 1st, 2025 6:21 PM Author: Drunk Shrimp No sympathy on my end (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979328) |
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Date: June 1st, 2025 6:25 PM Author: Drunkard 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...id.#48979333) |
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Date: June 1st, 2025 6:29 PM Author: disco fries (his own flesh as well as all space was still a cage) 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...id.#48979344) |
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Date: June 1st, 2025 7:29 PM Author: Hugo Scrotius Lmfao (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979460) |
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Date: June 1st, 2025 6:30 PM Author: Drunk Shrimp 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. |
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Date: June 2nd, 2025 10:43 AM Author: Kenneth Play 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...id.#48980493) |
Date: June 1st, 2025 6:24 PM Author: i gave my cousin head good goy (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979331) |
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Date: June 1st, 2025 6:26 PM Author: disco fries (his own flesh as well as all space was still a cage) 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...id.#48979335) |
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Date: June 1st, 2025 6:26 PM Author: i gave my cousin head sometimes i pretend u r real (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979337) |
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Date: June 1st, 2025 6:28 PM Author: calishitlawguru (Self Made UHNWI) (🧐) (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979343) |
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Date: June 1st, 2025 6:32 PM Author: jevv we have seen photos, so he is indeed very real (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979348) |
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Date: June 1st, 2025 6:38 PM Author: animeboi (.) I'm afraid he's very real. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979360) |
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Date: June 1st, 2025 6:28 PM Author: Oh, you travel? ( ) 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...id.#48979340) |
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Date: June 1st, 2025 8:38 PM Author: cowgod (cowgod) 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...id.#48979584) |
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Date: June 1st, 2025 9:52 PM Author: internet g0y He constantly does this. I recommend that others think hard before engaging. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979739) |
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Date: June 2nd, 2025 10:22 AM Author: Oh, you travel? ( ) uh Florida? what's with the intellectual dishonesty? (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48980458) |
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Date: June 2nd, 2025 10:43 AM Author: cowgod (cowgod) Florida seems cheap except like where the millionaire spic criminals live (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48980494) |
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Date: June 2nd, 2025 10:40 AM Author: UhOh 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...id.#48980491) |
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Date: June 1st, 2025 6:36 PM Author: peeface take a look at Toronto if you want a real laugh
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Date: June 1st, 2025 6:49 PM Author: jevv explain. with some links, if possible. (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979391) |
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Date: June 1st, 2025 7:01 PM Author: peeface - 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
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Date: June 1st, 2025 7:08 PM Author: state your IQ before I engage you further 180 what about Vancouver (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979419) |
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Date: June 1st, 2025 7:16 PM Author: peeface may have a bit more resilience than Toronto which is just endless miles of shitty homes and condos thrown up in cornfields
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Date: June 1st, 2025 8:04 PM Author: state your IQ before I engage you further 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...id.#48979518) |
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Date: June 1st, 2025 9:01 PM Author: jevv oh wow! 5 year mortgages? that's nuts! |
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Date: June 1st, 2025 9:08 PM Author: peeface 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...id.#48979650) |
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Date: June 1st, 2025 9:43 PM Author: jevv ah ok.
> mortgages there aren't securitized
isn't that a good thing? i mean considering what happened here in 2008-9? |
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Date: June 2nd, 2025 10:33 AM Author: luis with that nose Depends which way rates move I suppose (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48980481) |
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Date: June 2nd, 2025 10:25 AM Author: blow off some steam This is most American cities too now (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48980465) |
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Date: June 2nd, 2025 10:59 AM Author: Louis Poasteur 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...id.#48980530) |
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Date: June 2nd, 2025 11:13 AM Author: peeface 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.
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Date: June 1st, 2025 9:43 PM Author: The Velvet Bulldozer Didn’t they ban foreign buying in Canada a while back? (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979718) |
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Date: June 2nd, 2025 10:44 AM Author: .,.,...,..,.,..:,,:,......,;:.,.:..:.,:,::,. 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...id.#48980495) |
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Date: June 2nd, 2025 11:14 AM Author: i gave my cousin head lol just checked zillow and my house is up 300k
these numbers are so fake man lmfao |
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Date: June 2nd, 2025 10:56 AM Author: Good Wow so they would’ve been better off renting? (http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48980519) |