Former Austin resident here (1999-2022). The last house I owned there I bought in 2016 for $225k. In 2021 I was getting unsolicited offers for $750k (Zillow estimate in January 2020 was $450k). Finally sold it two weeks ago (didn’t know if I’d need to move back for work) for $515k.
A: Double the price in a decade is insane. Triple had I sold in 2021 is beyond words.
B: Someone in 2021 paid $300k over the market value a year prior and is now severely upsidedown on their mortgage.
Austin was great, but that was obviously a bubble to anyone with any common sense.
My neighbor did that on his home paid 150k for house valued at 139k. He plans on selling this year be interested to see what he ask for it. But it is bad time to be a seller right now.
I moved out of Texas you dummy. Why would I keep a house somewhere I don’t live in. I guess I could have kept it and become a scumbag landlord instead of making it available to homebuyers. Eternal wealth through hoarding!
What in the ever living fuck are you talking about? He sold a house he could not live in. He literally has two choices: let it sit empty (wasteful) or rent it out (be a landlord, blocking someone who wants to buy a home for their use). You have no fucking clue who he sold that to. It could have been anyone from a normal person to a flipper to private equity.
Former Austin resident here (1999-2022). The last house I owned there I bought in 2016 for $225k. In 2021 I was getting unsolicited offers for $750k (Zillow estimate in January 2020 was $450k). Finally sold it two weeks ago (didn’t know if I’d need to move back for work) for $515k.
A: Double the price in a decade is insane. Triple had I sold in 2021 is beyond words.
B: Someone in 2021 paid $300k over the market value a year prior and is now severely upsidedown on their mortgage.
Austin was great, but that was obviously a bubble to anyone with any common sense.
My neighbor did that on his home paid 150k for house valued at 139k. He plans on selling this year be interested to see what he ask for it. But it is bad time to be a seller right now.
You should have kept it and lived in it forever instead of using it as an unregulated way to gain wealth.
I moved out of Texas you dummy. Why would I keep a house somewhere I don’t live in. I guess I could have kept it and become a scumbag landlord instead of making it available to homebuyers. Eternal wealth through hoarding!
Lol you didn’t make it available to anyone but private equity or another asshole using real estate as financial gain.
How could you possibly know that? Are you living in their walls? Did you stalk the buyer to make sure they weren’t a black rock employee?
Because starter homes are half a million dollars, you moron.
Everyone here really appreciates your financial advice… not.
Everyone here is a fucking capitalist moron.
There is a moron here for sure…
And? Make more, average home where I live is 700k. Stop shitting on everyone be better
Manosphere has entered the chat.
I’m not the one being downvoted by the entire chat
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What in the ever living fuck are you talking about? He sold a house he could not live in. He literally has two choices: let it sit empty (wasteful) or rent it out (be a landlord, blocking someone who wants to buy a home for their use). You have no fucking clue who he sold that to. It could have been anyone from a normal person to a flipper to private equity.
gaining wealth is the intedned way to use capitalism, working for a living is just a hack