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Forum ยป Austin home builders getting phucked right now (srs)
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Thread: Austin home builders getting phucked right now (srs)

post 1670160103 10-27-2022, 10:36 AM
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Austin home builders getting phucked right now (srs)

https://www.wsj.com/articles/austin-...et-11666873318

Great article. One guy walked away from his 400k deposit after losing his job in the tech sector.

Interested to hear everyone's thoughts.
post 1670160293 10-27-2022, 10:41 AM
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post 1670160483 10-27-2022, 10:43 AM
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Lmao @ those prices

Watching increasing numbers does such weird things to people
post 1670160503 10-27-2022, 10:43 AM
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Such is life for Californiacels. Always chasing the next big thing, and getting fuked in the process.
post 1670160633 10-27-2022, 10:45 AM
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5mm dollar home with a view of your neighbors house 10 feet away...in texas!
post 1670161113 10-27-2022, 10:56 AM
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post 1670161283 10-27-2022, 10:59 AM
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In my neighborhood there are two subdivisions going up with homes starting over $1M. One is finishing up now, the other is still doing foundational work. I'll be interested to see how much of a discount they end up selling for. My guess is each sell for a few hundred grand less than original listing, especially the ones that won't be done until next year. "Homes starting at $1.2 Million" will become "homes starting in the 800s" when sold.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1670161463 10-27-2022, 11:02 AM
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Originally Posted By kengriffeyjr24⏩
5mm dollar home with a view of your neighbors house 10 feet away...in texas!
Its Austin. Liberals are retarded, more at 11.
post 1670161533 10-27-2022, 11:04 AM
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Originally Posted By frankdtank20⏩
In my neighborhood there are two subdivisions going up with homes starting over $1M. One is finishing up now, the other is still doing foundational work. I'll be interested to see how much of a discount they end up selling for. My guess is each sell for a few hundred grand less than original listing, especially the ones that won't be done until next year. "Homes starting at $1.2 Million" will become "homes starting in the 800s" when sold.
$800s could be high still. The runup in Austin was higher than anywhere else in the US.
post 1670161623 10-27-2022, 11:05 AM
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Nice paywall, OP, you absolute mongoloid. Negged.

Also, iT'S nOt a bUBblE! rEAL EstAtE nEVeR GOiNg dOwN!
mo e
post 1670161803 10-27-2022, 11:09 AM
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more fake news
post 1670161893 10-27-2022, 11:10 AM
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Originally Posted By frankdtank20⏩
In my neighborhood there are two subdivisions going up with homes starting over $1M. One is finishing up now, the other is still doing foundational work. I'll be interested to see how much of a discount they end up selling for. My guess is each sell for a few hundred grand less than original listing, especially the ones that won't be done until next year. "Homes starting at $1.2 Million" will become "homes starting in the 800s" when sold.
What do these things look like
post 1670162533 10-27-2022, 11:22 AM
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Originally Posted By mulletwarrior⏩
Nice paywall, OP, you absolute mongoloid. Negged.

Also, iT'S nOt a bUBblE! rEAL EstAtE nEVeR GOiNg dOwN!
Sorry didn't know there were people who can't afford a simple wsj subscription
post 1670163993 10-27-2022, 11:47 AM
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Originally Posted By kengriffeyjr24⏩
Sorry didn't know there were people who can't afford a simple wsj subscription
Paying for the wsj is peak cuckening.
Bald head scallywag
post 1670164153 10-27-2022, 11:49 AM
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Originally Posted By kengriffeyjr24⏩
Sorry didn't know there were people who can't afford a simple wsj subscription
I cant even imagine actually paying for ANY news site. The absolute broootal cuckening.
post 1670164493 10-27-2022, 11:54 AM
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Originally Posted By kengriffeyjr24⏩
5mm dollar home with a view of your neighbors house 10 feet away...in texas!
The Austin market is completely out of control. If Californians think your town is a good place to live you're screwed
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post 1670164583 10-27-2022, 11:55 AM
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Similar thing happened locally.

You couldn't look at finished homes because they were selling before completion or even before the development was completed. Same with existing homes. List on Friday and you have 5 offers over asking by Saturday evening. At least that is what happened with my neighbor.

One thing I find interesting is the guy that has the new home market basically cornered made the promise he would never lower the selling price of his homes. I'm not sure how he is going to stick to this as prices have leveled off and are expected to lower.
post 1670164613 10-27-2022, 11:55 AM
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Rent's due in 5 days OP

post 1670170973 10-27-2022, 01:46 PM
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Originally Posted By TugOfPeace⏩
fukking LOL @ retards that bought during peak housing prices

no more intelligent than the idiots buying up toilet paper when covid first hit
You can at least use the toilet paper up.

What you gonna do with a giant mortgage on a house you mostly don't use?
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post 1670171493 10-27-2022, 01:55 PM
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Originally Posted By kengriffeyjr24⏩
5mm dollar home with a view of your neighbors house 10 feet away...in texas!
I have homes in austin that are in the $800 a foot range. Will they come down in price? Could be. but they arent going back to the $225 a foot i bought them for anytime soon.
post 1670172143 10-27-2022, 02:05 PM
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Originally Posted By TBO1313⏩
The Austin market is completely out of control. If Californians think your town is a good place to live you're screwed
you are the opposite of screwed if you bought low
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post 1670172583 10-27-2022, 02:13 PM
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You bought likely at a good time. I think Austin market as early as 5 years ago was a steal.

Now it's clown world
post 1670173073 10-27-2022, 02:23 PM
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Originally Posted By kengriffeyjr24⏩
5mm dollar home with a view of your neighbors house 10 feet away...in texas!
Liberals from Cali are used to it, theyre just happy that there isn't a line of campers on their street full of homeless and feces... yet.
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post 1670174183 10-27-2022, 02:43 PM
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Originally Posted By i3oosted⏩
Liberals from Cali are used to it, theyre just happy that there isn't a line of campers on their street full of homeless and feces... yet.
Give the democrats enough time, and it will be a cesspool like the rest of the big dem cities.
post 1670174873 10-27-2022, 02:54 PM
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Originally Posted By kengriffeyjr24⏩
You bought likely at a good time. I think Austin market as early as 5 years ago was a steal.

Now it's clown world
Bought in 99, 05, 08 and 12.
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