- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Any Oil Field people here gotten laid off? What have you done to get a job?
Posted on 8/2/15 at 8:28 pm to yellowfin
Posted on 8/2/15 at 8:28 pm to yellowfin
I haven't read any projections but I think they will come down a little or at the very least hold steady in this area due to labor and oil prices unless we have a hurricane or something.
I still think the RE market in LA has been artificially inflated and we will have another bubble pop soon which would drive construction prices further down. We never had as big of a downturn as other areas but oil being down will finally make LA feel it.
The only town that might be OK is Lake Charles only because of the LNG expansions being built. A friend of mine is gearing up to build a 63 house subdivision here now.
The only downside for you may be when you go to sell your current house. We have already seen a small spike in mortgage inspections (people late on their mortgages) and foreclosure inventory in Laffy while the opposite has happened in Lake Charles. You may have a lot of competition when selling.
I still think the RE market in LA has been artificially inflated and we will have another bubble pop soon which would drive construction prices further down. We never had as big of a downturn as other areas but oil being down will finally make LA feel it.
The only town that might be OK is Lake Charles only because of the LNG expansions being built. A friend of mine is gearing up to build a 63 house subdivision here now.
The only downside for you may be when you go to sell your current house. We have already seen a small spike in mortgage inspections (people late on their mortgages) and foreclosure inventory in Laffy while the opposite has happened in Lake Charles. You may have a lot of competition when selling.
3
Posted on 8/2/15 at 8:31 pm to stout
I can rent my house if need be, I'm actually thinking about doing that either way
Posted on 8/2/15 at 8:53 pm to stout
quote:You definitely know more about it than me, but I think it's coming sooner rather than later.
I still think the RE market in LA has been artificially inflated and we will have another bubble pop soon which would drive construction prices further down. We never had as big of a downturn as other areas but oil being down will finally make LA feel it.
It's so much different here than my other home states.
Posted on 8/2/15 at 9:20 pm to stout
quote:
I still think the RE market in LA has been artificially inflated and we will have another bubble pop soon which would drive construction prices further down. We never had as big of a downturn as other areas but oil being down will finally make LA feel it.
Outside of O&G, why do you say that LA is in a bubble? Just curious.
It should be interesting to see what happens when interest rates finally start picking up (gradually) in the fall.
This post was edited on 8/2/15 at 9:21 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News