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A comment on They Bought a House to Airbnb. They Were Banned for Knowing the Wrong People. Parent comment

Re:They Bought a House to Airbnb. They Were Banned for Knowi... by nocoiner on Sunday June 18, 2023 @05:53PM (#36384908)
Yeah, it sucks when you’re an investor and you have to sell your investment at a loss. Anyway.

(Also… are prices tanking in Austin? If so, first I’ve heard of it. Sounds more like the investment was already a stretch for them, and when it couldn’t flow cash in exactly the way they wanted expected, it was game over.)

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Re:They Bought a House to Airbnb. They Were Banned for Knowi... by SOLAR_FIELDS on Sunday June 18, 2023 @11:13PM (#36386930)
I wouldn't call it tanking, but I bought my house here in 2017 and it was worth double what I paid circa late 2021 to 2022. Now it's 'only' worth 60% more. I can imagine if you were unlucky buying a house in 2021-2022 you would be a bit underwater, but it's more like the hype cycle finally diminished when interest rates cooled late last year.
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