FoxtrotDeltaTango@sh.itjust.works to News@lemmy.worldEnglish · 6 days agoThey bought homes at the peak of Austin's housing boom. Now they're taking devastating losses.www.businessinsider.comexternal-linkmessage-square64linkfedilinkarrow-up1134arrow-down16
arrow-up1128arrow-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 · 6 days agomessage-square64linkfedilink
minus-squarevon@infosec.publinkfedilinkarrow-up8·5 days agoHe bid 20k over, which is 3% of the asking price of 595k. I agree with the other points, but 20% sounded way off
minus-squareKnitWit@lemmy.worldlinkfedilinkarrow-up3·5 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.
He bid 20k over, which is 3% of the asking price of 595k. I agree with the other points, but 20% sounded way off
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.