I suspect it's due to the change in the housing market and economy.  

I do a heloc on the house and I am the only borrower on the heloc.

The taxes here are high, but the price to rent ratio is exceptional and there is a huge demand for quality housing in certain neighborhoods.   

The December 2024 report from the Austin Board of REALTORS® (ABoR) shows stable housing prices and balanced market conditions in the Austin metro as we reached year’s end.

Or paying off my debt, while I provide them with a nice house to live in instead of an apartment. 

However, there aren't any comps of new construction in the area beyond land sales on brand new neighborhoods, and existing sales of older 4 / 2.5s are in the high 200s.

If you take this housing away from these people where do you intend to have them live; in the streets, underneath freeway overpasses? 

Doesn't exist in Canada.

Hello,I'm looking for advice on my offer strategy for a house on the market I want to purchase.

Pricing tools that exist on the market are decent, but you also need to know how to control it, otherwise, it will go nuts with unrealistic rates far out and extreme last-minute discounts.