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Austin homeowners already underwater 100K on hom since Covid purchase

https://x.com/financeguypup/status/1928989799223890015?s=61&...
Effete location famous landscape painting
  06/01/25
100% finance is crazy otherwise they would have a 3% 30 year...
vivacious native
  06/01/25
No sympathy on my end
Effete location famous landscape painting
  06/01/25
I have a mil at least in equity. Not that I care because it...
vivacious native
  06/01/25
I have like $20k in equity because I bought my house and it ...
Honey-headed site hominid
  06/01/25
Lmfao
Irradiated stag film
  06/01/25
Same. I don’t even factor it into my NW. I paid it...
Effete location famous landscape painting
  06/01/25
are you divorced with kids? i always thought you were single...
comical mint brethren
  06/02/25
good goy
Cerebral rose french chef library
  06/01/25
Same thing has happened to me but I haven’t moved and ...
Honey-headed site hominid
  06/01/25
sometimes i pretend u r real
Cerebral rose french chef library
  06/01/25
...
vermilion razzle-dazzle temple
  06/01/25
we have seen photos, so he is indeed very real
wine passionate trust fund
  06/01/25
I'm afraid he's very real.
Vibrant Lime Headpube
  06/01/25
this is the fatal flaw with sunbelt real estate. if you're g...
Cream police squad idiot
  06/01/25
There aren’t really any “booms” except in ...
Excitant alcoholic goal in life church
  06/01/25
He constantly does this. I recommend that others think hard ...
Razzmatazz Trailer Park
  06/01/25
uh Florida? what's with the intellectual dishonesty?
Cream police squad idiot
  06/02/25
Florida seems cheap except like where the millionaire spic c...
Excitant alcoholic goal in life church
  06/02/25
the austin boom lasted around 12 years. pretty hard to wait ...
Seedy university
  06/02/25
take a look at Toronto if you want a real laugh
dashing bearded filthpig orchestra pit
  06/01/25
explain. with some links, if possible.
wine passionate trust fund
  06/01/25
- Canada has an insane real estate bubble that appeared duri...
dashing bearded filthpig orchestra pit
  06/01/25
180 what about Vancouver
Fishy Gunner Regret
  06/01/25
may have a bit more resilience than Toronto which is just en...
dashing bearded filthpig orchestra pit
  06/01/25
Are ACCBs still allowed in Vancouver? The number of normal S...
Fishy Gunner Regret
  06/01/25
oh wow! 5 year mortgages? that's nuts!
wine passionate trust fund
  06/01/25
mortgages there aren't securitized and banks hold them on th...
dashing bearded filthpig orchestra pit
  06/01/25
ah ok. > mortgages there aren't securitized isn't ...
wine passionate trust fund
  06/01/25
Depends which way rates move I suppose
Supple Space Pisswyrm
  06/02/25
This is most American cities too now
Thriller maize institution son of senegal
  06/02/25
Who buys a 1.48 million house and then rents it out for 2700...
Elite Diverse Becky
  06/02/25
generally, people who thought line goes up and it would be a...
dashing bearded filthpig orchestra pit
  06/02/25
Didn’t they ban foreign buying in Canada a while back?
Transparent Deranged Ticket Booth Mood
  06/01/25
JFC, my house is supposedly worth almost twice what I bought...
Stimulating startling business firm windowlicker
  06/02/25
lol just checked zillow and my house is up 300k these num...
Cerebral rose french chef library
  06/02/25
Wow so they would’ve been better off renting?
charismatic sick dragon
  06/02/25


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Reply Favorite

Date: June 1st, 2025 6:13 PM
Author: Effete location famous landscape painting

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: vivacious native

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: Effete location famous landscape painting

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: vivacious native

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: Honey-headed site hominid

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: Irradiated stag film

Lmfao

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



Reply Favorite

Date: June 1st, 2025 6:30 PM
Author: Effete location famous landscape painting

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: comical mint 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: Cerebral rose french chef library

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: Honey-headed site hominid

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: Cerebral rose french chef library

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: vermilion razzle-dazzle temple



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



Reply Favorite

Date: June 1st, 2025 6:32 PM
Author: wine passionate trust fund

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: Vibrant Lime Headpube

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: Cream police squad idiot

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: Excitant alcoholic goal in life church

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: Razzmatazz Trailer Park

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: Cream police squad idiot

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: Excitant alcoholic goal in life church

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: Seedy university

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: dashing bearded filthpig orchestra pit

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: wine passionate trust fund

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: dashing bearded filthpig orchestra pit

- 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: Fishy Gunner Regret

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: dashing bearded filthpig orchestra pit

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: Fishy Gunner Regret

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: wine passionate trust fund

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: dashing bearded filthpig orchestra pit

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: wine passionate trust fund

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: Supple Space Pisswyrm

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: Thriller maize institution son of senegal

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: Elite Diverse Becky

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: dashing bearded filthpig orchestra pit

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: Transparent Deranged Ticket Booth Mood

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: Stimulating startling business firm windowlicker

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: Cerebral rose french chef library

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: charismatic sick dragon

Wow so they would’ve been better off renting?

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