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Austin homeowners already underwater 100K on hom since Covid purchase

https://x.com/financeguypup/status/1928989799223890015?s=61&...
Irradiated adulterous principal's office
  06/01/25
100% finance is crazy otherwise they would have a 3% 30 year...
Zippy talented church building round eye
  06/01/25
No sympathy on my end
Irradiated adulterous principal's office
  06/01/25
I have a mil at least in equity. Not that I care because it...
Zippy talented church building round eye
  06/01/25
I have like $20k in equity because I bought my house and it ...
glittery apoplectic stag film
  06/01/25
Lmfao
vivacious love of her life
  06/01/25
Same. I don’t even factor it into my NW. I paid it...
Irradiated adulterous principal's office
  06/01/25
are you divorced with kids? i always thought you were single...
anal rusted knife
  06/02/25
good goy
Excitant Elite Mediation House
  06/01/25
Same thing has happened to me but I haven’t moved and ...
glittery apoplectic stag film
  06/01/25
sometimes i pretend u r real
Excitant Elite Mediation House
  06/01/25
...
Salmon Disturbing Idiot
  06/01/25
we have seen photos, so he is indeed very real
thriller azn
  06/01/25
I'm afraid he's very real.
Comical national
  06/01/25
this is the fatal flaw with sunbelt real estate. if you're g...
Histrionic cruel-hearted electric furnace fanboi
  06/01/25
There aren’t really any “booms” except in ...
Provocative resort
  06/01/25
He constantly does this. I recommend that others think hard ...
sooty community account
  06/01/25
uh Florida? what's with the intellectual dishonesty?
Histrionic cruel-hearted electric furnace fanboi
  06/02/25
Florida seems cheap except like where the millionaire spic c...
Provocative resort
  06/02/25
the austin boom lasted around 12 years. pretty hard to wait ...
diverse striped hyena
  06/02/25
take a look at Toronto if you want a real laugh
ruddy shaky tanning salon juggernaut
  06/01/25
explain. with some links, if possible.
thriller azn
  06/01/25
- Canada has an insane real estate bubble that appeared duri...
ruddy shaky tanning salon juggernaut
  06/01/25
180 what about Vancouver
Self-centered Naked Theater Stage Gay Wizard
  06/01/25
may have a bit more resilience than Toronto which is just en...
ruddy shaky tanning salon juggernaut
  06/01/25
Are ACCBs still allowed in Vancouver? The number of normal S...
Self-centered Naked Theater Stage Gay Wizard
  06/01/25
oh wow! 5 year mortgages? that's nuts!
thriller azn
  06/01/25
mortgages there aren't securitized and banks hold them on th...
ruddy shaky tanning salon juggernaut
  06/01/25
ah ok. > mortgages there aren't securitized isn't ...
thriller azn
  06/01/25
Depends which way rates move I suppose
Buff doobsian son of senegal
  06/02/25
This is most American cities too now
exhilarant goal in life
  06/02/25
Who buys a 1.48 million house and then rents it out for 2700...
Lake fiercely-loyal state
  06/02/25
generally, people who thought line goes up and it would be a...
ruddy shaky tanning salon juggernaut
  06/02/25
Didn’t they ban foreign buying in Canada a while back?
hairraiser hell really tough guy
  06/01/25
JFC, my house is supposedly worth almost twice what I bought...
Sienna location
  06/02/25
lol just checked zillow and my house is up 300k these num...
Excitant Elite Mediation House
  06/02/25
Wow so they would’ve been better off renting?
Flirting swashbuckling selfie
  06/02/25


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Reply Favorite

Date: June 1st, 2025 6:13 PM
Author: Irradiated adulterous principal's office

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)



Reply Favorite

Date: June 1st, 2025 6:20 PM
Author: Zippy talented church building round eye

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)



Reply Favorite

Date: June 1st, 2025 6:21 PM
Author: Irradiated adulterous principal's office

No sympathy on my end

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979328)



Reply Favorite

Date: June 1st, 2025 6:25 PM
Author: Zippy talented church building round eye

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)



Reply Favorite

Date: June 1st, 2025 6:29 PM
Author: glittery apoplectic stag film

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)



Reply Favorite

Date: June 1st, 2025 7:29 PM
Author: vivacious love of her life

Lmfao

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



Reply Favorite

Date: June 1st, 2025 6:30 PM
Author: Irradiated adulterous principal's office

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...id.#48979345)



Reply Favorite

Date: June 2nd, 2025 10:43 AM
Author: anal rusted knife

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)



Reply Favorite

Date: June 1st, 2025 6:24 PM
Author: Excitant Elite Mediation House

good goy

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



Reply Favorite

Date: June 1st, 2025 6:26 PM
Author: glittery apoplectic stag film

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)



Reply Favorite

Date: June 1st, 2025 6:26 PM
Author: Excitant Elite Mediation House

sometimes i pretend u r real

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



Reply Favorite

Date: June 1st, 2025 6:28 PM
Author: Salmon Disturbing Idiot



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



Reply Favorite

Date: June 1st, 2025 6:32 PM
Author: thriller azn

we have seen photos, so he is indeed very real

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979348)



Reply Favorite

Date: June 1st, 2025 6:38 PM
Author: Comical national

I'm afraid he's very real.

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979360)



Reply Favorite

Date: June 1st, 2025 6:28 PM
Author: Histrionic cruel-hearted electric furnace fanboi

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)



Reply Favorite

Date: June 1st, 2025 8:38 PM
Author: Provocative resort

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)



Reply Favorite

Date: June 1st, 2025 9:52 PM
Author: sooty community account

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)



Reply Favorite

Date: June 2nd, 2025 10:22 AM
Author: Histrionic cruel-hearted electric furnace fanboi

uh Florida? what's with the intellectual dishonesty?

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48980458)



Reply Favorite

Date: June 2nd, 2025 10:43 AM
Author: Provocative resort

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)



Reply Favorite

Date: June 2nd, 2025 10:40 AM
Author: diverse striped hyena

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)



Reply Favorite

Date: June 1st, 2025 6:36 PM
Author: ruddy shaky tanning salon juggernaut

take a look at Toronto if you want a real laugh



(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979355)



Reply Favorite

Date: June 1st, 2025 6:49 PM
Author: thriller azn

explain. with some links, if possible.

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979391)



Reply Favorite

Date: June 1st, 2025 7:01 PM
Author: ruddy shaky tanning salon juggernaut

- 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...id.#48979406)



Reply Favorite

Date: June 1st, 2025 7:08 PM
Author: Self-centered Naked Theater Stage Gay Wizard

180 what about Vancouver

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979419)



Reply Favorite

Date: June 1st, 2025 7:16 PM
Author: ruddy shaky tanning salon juggernaut

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...id.#48979432)



Reply Favorite

Date: June 1st, 2025 8:04 PM
Author: Self-centered Naked Theater Stage Gay Wizard

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)



Reply Favorite

Date: June 1st, 2025 9:01 PM
Author: thriller azn

oh wow!

5 year mortgages? that's nuts!

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48979635)



Reply Favorite

Date: June 1st, 2025 9:08 PM
Author: ruddy shaky tanning salon juggernaut

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)



Reply Favorite

Date: June 1st, 2025 9:43 PM
Author: thriller azn

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...id.#48979716)



Reply Favorite

Date: June 2nd, 2025 10:33 AM
Author: Buff doobsian son of senegal

Depends which way rates move I suppose

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48980481)



Reply Favorite

Date: June 2nd, 2025 10:25 AM
Author: exhilarant goal in life

This is most American cities too now

(http://www.autoadmit.com/thread.php?thread_id=5732259&forum_id=2...id.#48980465)



Reply Favorite

Date: June 2nd, 2025 10:59 AM
Author: Lake fiercely-loyal state

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)



Reply Favorite

Date: June 2nd, 2025 11:13 AM
Author: ruddy shaky tanning salon juggernaut

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...id.#48980556)



Reply Favorite

Date: June 1st, 2025 9:43 PM
Author: hairraiser hell really tough guy

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)



Reply Favorite

Date: June 2nd, 2025 10:44 AM
Author: Sienna location

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)



Reply Favorite

Date: June 2nd, 2025 11:14 AM
Author: Excitant Elite Mediation House

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...id.#48980560)



Reply Favorite

Date: June 2nd, 2025 10:56 AM
Author: Flirting swashbuckling selfie

Wow so they would’ve been better off renting?

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