FoxtrotDeltaTango@sh.itjust.works to News@lemmy.worldEnglish · 29 days agoThey 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 · 29 days agomessage-square45fedilink
minus-squareKnitWit@lemmy.worldlinkfedilinkarrow-up3·28 days agoOh, yeah must’ve misread the 20k as 20%. Point still stands, buying a house at its peak price then immediately selling it will yield a loss. It’s like buying a new car and then complaining that you had to sell it for used car price.
Oh, yeah must’ve misread the 20k as 20%. Point still stands, buying a house at its peak price then immediately selling it will yield a loss. It’s like buying a new car and then complaining that you had to sell it for used car price.