FoxtrotDeltaTango@sh.itjust.works to

News@lemmy.worldEnglish · 1 month 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 · 1 month 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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1 month ago

and the gas guzzlers themselves are overpriced.

That’s the is/should fallacy. Yes they are, and it causes problems. But in almost the entire developed world, that’s the current situation.

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