FoxtrotDeltaTango@sh.itjust.works to News@lemmy.worldEnglish · 21 天前They bought homes at the peak of Austin's housing boom. Now they're taking devastating losses.www.businessinsider.comexternal-linkmessage-square45fedilinkarrow-up1104arrow-down13
arrow-up1101arrow-down1external-linkThey bought homes at the peak of Austin's housing boom. Now they're taking devastating losses.www.businessinsider.comFoxtrotDeltaTango@sh.itjust.works to News@lemmy.worldEnglish · 21 天前message-square45fedilink
minus-squaredogslayeggs@lemmy.worldlinkfedilinkarrow-up48arrow-down1·21 天前Right. Homeowners didn’t lose money, they lost equity. Flippers lost money.
minus-squarefartographer@lemmy.worldlinkfedilinkarrow-up4·20 天前Yup, my wife and I are refinancing even though we’re taking a massive hit on equity. We’re not gonna ever be able to pay this house off, so might as well pay less per month towards an endless goal.
Right. Homeowners didn’t lose money, they lost equity. Flippers lost money.
Yup, my wife and I are refinancing even though we’re taking a massive hit on equity. We’re not gonna ever be able to pay this house off, so might as well pay less per month towards an endless goal.