FoxtrotDeltaTango@sh.itjust.works to

News@lemmy.worldEnglish · 1 month ago

They bought homes at the peak of Austin's housing boom. Now they're taking devastating losses.

www.businessinsider.com

101

They bought homes at the peak of Austin's housing boom. Now they're taking devastating losses.

www.businessinsider.com

FoxtrotDeltaTango@sh.itjust.works to

News@lemmy.worldEnglish · 1 month ago

Homeowners who bought at the peak of Austin's real estate frenzy are eating huge losses or crossing their fingers for a comeback.

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SaveTheTuaHawk@lemmy.ca
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30 days ago
These people bought as investment. Homes in my area peaked around $1.8M in 2023, now they are lucky to get $1.2M.

The real losers are people who got HELOCs to buy stupid shit and vacations, because all graphs extrapolate upward.

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