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Austin homeowners already underwater 100K on hom since Covid purchase

https://x.com/financeguypup/status/1928989799223890015?s=61&...
cerise cruel-hearted place of business
  06/01/25
100% finance is crazy otherwise they would have a 3% 30 year...
Mustard ungodly boiling water
  06/01/25
No sympathy on my end
cerise cruel-hearted place of business
  06/01/25
I have a mil at least in equity. Not that I care because it...
Mustard ungodly boiling water
  06/01/25
I have like $20k in equity because I bought my house and it ...
startling chapel
  06/01/25
Lmfao
Big-titted violent dog poop institution
  06/01/25
Same. I don’t even factor it into my NW. I paid it...
cerise cruel-hearted place of business
  06/01/25
are you divorced with kids? i always thought you were single...
Angry Light Gas Station Cuckoldry
  06/02/25
good goy
excitant piazza
  06/01/25
Same thing has happened to me but I haven’t moved and ...
startling chapel
  06/01/25
sometimes i pretend u r real
excitant piazza
  06/01/25
...
Rough-skinned deer antler temple
  06/01/25
we have seen photos, so he is indeed very real
bat-shit-crazy stag film roast beef
  06/01/25
I'm afraid he's very real.
Passionate puppy
  06/01/25
this is the fatal flaw with sunbelt real estate. if you're g...
pontificating hunting ground
  06/01/25
There aren’t really any “booms” except in ...
arousing rehab
  06/01/25
He constantly does this. I recommend that others think hard ...
Vermilion deranged turdskin
  06/01/25
uh Florida? what's with the intellectual dishonesty?
pontificating hunting ground
  06/02/25
Florida seems cheap except like where the millionaire spic c...
arousing rehab
  06/02/25
the austin boom lasted around 12 years. pretty hard to wait ...
Snowy old irish cottage national
  06/02/25
take a look at Toronto if you want a real laugh
stirring abode pistol
  06/01/25
explain. with some links, if possible.
bat-shit-crazy stag film roast beef
  06/01/25
- Canada has an insane real estate bubble that appeared duri...
stirring abode pistol
  06/01/25
180 what about Vancouver
twisted twinkling uncleanness
  06/01/25
may have a bit more resilience than Toronto which is just en...
stirring abode pistol
  06/01/25
Are ACCBs still allowed in Vancouver? The number of normal S...
twisted twinkling uncleanness
  06/01/25
oh wow! 5 year mortgages? that's nuts!
bat-shit-crazy stag film roast beef
  06/01/25
mortgages there aren't securitized and banks hold them on th...
stirring abode pistol
  06/01/25
ah ok. > mortgages there aren't securitized isn't ...
bat-shit-crazy stag film roast beef
  06/01/25
Depends which way rates move I suppose
racy heaven alpha
  06/02/25
This is most American cities too now
ruddy fantasy-prone field
  06/02/25
Who buys a 1.48 million house and then rents it out for 2700...
Dull menage
  06/02/25
generally, people who thought line goes up and it would be a...
stirring abode pistol
  06/02/25
Didn’t they ban foreign buying in Canada a while back?
Zombie-like scarlet wrinkle
  06/01/25
JFC, my house is supposedly worth almost twice what I bought...
Appetizing Amber Orchestra Pit
  06/02/25
lol just checked zillow and my house is up 300k these num...
excitant piazza
  06/02/25
Wow so they would’ve been better off renting?
Ivory love of her life
  06/02/25


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Reply Favorite

Date: June 1st, 2025 6:13 PM
Author: cerise cruel-hearted place of business

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: Mustard ungodly boiling water

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: cerise cruel-hearted place of business

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: Mustard ungodly boiling water

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: startling chapel

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: Big-titted violent dog poop institution

Lmfao

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



Reply Favorite

Date: June 1st, 2025 6:30 PM
Author: cerise cruel-hearted place of business

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: Angry Light Gas Station Cuckoldry

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: excitant piazza

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: startling chapel

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: excitant piazza

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: Rough-skinned deer antler temple



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



Reply Favorite

Date: June 1st, 2025 6:32 PM
Author: bat-shit-crazy stag film roast beef

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: Passionate puppy

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: pontificating hunting ground

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: arousing rehab

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: Vermilion deranged turdskin

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: pontificating hunting ground

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: arousing rehab

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: Snowy old irish cottage national

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: stirring abode pistol

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: bat-shit-crazy stag film roast beef

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: stirring abode pistol

- 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: twisted twinkling uncleanness

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: stirring abode pistol

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: twisted twinkling uncleanness

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: bat-shit-crazy stag film roast beef

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: stirring abode pistol

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: bat-shit-crazy stag film roast beef

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: racy heaven alpha

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: ruddy fantasy-prone field

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: Dull menage

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: stirring abode pistol

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: Zombie-like scarlet wrinkle

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: Appetizing Amber Orchestra Pit

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: excitant piazza

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: Ivory love of her life

Wow so they would’ve been better off renting?

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