Austin friends lost 100k on new homes

[dreamchaser]

My friends in Austin, bought homes for Austin suburbs around 620k during 2022 and now it is worth 520k.They are regretting buying homes during peak time.Same with friends in Mellisa and Celina in Dallas area.

[perugu_vada]

Yeah Austin lo aithe definite impact undi .  Especially those who bought house after late 2021

[Bitcoin_Baba9]

4 minutes ago, dreamchaser said:

My friends in Austin, bought homes for Austin suburbs around 620k during 2022 and now it is worth 520k.They are regretting buying homes during peak time.Same with friends in Mellisa and Celina in Dallas area.

Avi ippudu $1M aithe cash out cheskoni apartment ki move avvaru kada? Alage $500K ayeena chesedhi em undadhu. Primary home value perigina thaggina it is all paper money (unless you want to use HELOC and play around with that money). Life lo annintiki pisukuntu koorchunte peace of mind poyee thinedhi aragadhu, padukunte nidra pattadhu

[newtoselenium]

5 minutes ago, perugu_vada said:

Yeah Austin lo aithe definite impact undi .  Especially those who bought house after late 2021

uncle nuvvu happy eh kada 

[jefferson1]

11 minutes ago, dreamchaser said:

My friends in Austin, bought homes for Austin suburbs around 620k during 2022 and now it is worth 520k.They are regretting buying homes during peak time.Same with friends in Mellisa and Celina in Dallas area.

not sure why our tejams decided to buy homes...... it proved to be bad for many people

some got lucky

[ismartganesh]

foreclosures rate is up in texas. 900K texans are unable to pay property taxes this year.

[akkum_bakkum]

17 minutes ago, dreamchaser said:

My friends in Austin, bought homes for Austin suburbs around 620k during 2022 and now it is worth 520k.They are regretting buying homes during peak time.Same with friends in Mellisa and Celina in Dallas area.

@Sonu_Patel thatha septhune vunnadu. No daddy listened. These r all anta.com news. Thy knew wat thy r getting into. Manam pisukkodam thappa emundadu.

[perugu_vada]

12 minutes ago, newtoselenium said:

uncle nuvvu happy eh kada 

Mee Bluffview & Travisso batch ni exclude chesam @newtoselenium uncle .. ma Austin sub runs discussions lo .. u are in ur own world 

bcc: @psycopk

[rmJU72]

Home prices go up and down. They are enjoying the house right. They should worry only if they are forced to sell right now for any reason.

[dreamchaser]

16 minutes ago, rmJU72 said:

Home prices go up and down. They are enjoying the house right. They should worry only if they are forced to sell right now for any reason.

That’s their main worry, man. All my friends in Austin are working full-time jobs on H1b but constantly stressed about losing their jobs because of AI advancements and changes in immigration. If they do lose their jobs, they’d have to sell their homes at around a $150k loss (including interest, realtor fees, etc.) and move back to India

[Coconut]

fake news bhavani..

[rmJU72]

3 minutes ago, dreamchaser said:

That’s their main worry, man. All my friends in Austin are working full-time but constantly stressed about losing their jobs because of AI advancements and changes in immigration. If they do lose their jobs, they’d have to sell their homes at around a $150k loss (including interest, realtor fees, etc.) and move back to India

True, that’s a thing to worry.

[Asteroid]

h1 and opt uncles aunties also bought houses

[DallasKarreballu]

55 minutes ago, dreamchaser said:

My friends in Austin, bought homes for Austin suburbs around 620k during 2022 and now it is worth 520k.They are regretting buying homes during peak time.Same with friends in Mellisa and Celina in Dallas area.

dallas uncles and friends bought houses in celina, ,melissa, mckinney for 500k, 600k, 700k and all houses on sales and 150k loss for desis.

evadra mimmalini 300k houses 500k petti konnamandu ani monna mandu party lo US citizens uncle minginaru Opt and H1-B ni

cc @Sonu_Patel @Konebhar6

[dreamchaser]

Just now, Asteroid said:

h1 and opt uncles aunties also bought houses

we cant blame them.At that time there was lot of Fear of Missing Out on buying homes and no AI.Now there is constant fear everywhere about AI replacing jobs