FoxtrotDeltaTango@sh.itjust.works to

News@lemmy.worldEnglish · 2 months ago

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

www.businessinsider.com

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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 · 2 months 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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2 months 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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