Unfortunately, I found out today work is moving me back to headquarters in Baton Rouge in the near future. Is the rental market pretty locked up right now with people looking for temporary residences, or should I be fine?

Thanks in advance

ETA: Sorry if this seems like a dumb question, but I am literally over 1000 miles away and have no idea what is going on, other than what I see on news/social media. Family is not from the area, so that is not an option.

This post was edited on 8/18/16 at 1:15 pm

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Posted by LSUFanHouston

NOLA

Member since Jul 2009

37088 posts

Posted on 8/18/16 at 1:48 pm to darnol91

You can probably find something but it's going to cost you.

If your company's HQ are in Baton Rouge, they may have connections to be able to get you some housing.

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Posted by BeerMoney

Baton Rouge

Member since Jul 2012

8375 posts

Posted on 8/18/16 at 2:02 pm to darnol91

One of my employees rents a house. It got destroyed and the owner is going to have to rebuild it. So my employee has to find a new place to rent. According to him prices have skyrocketed over night. I've also heard a neighbor talking about how his rental homes are messed up and now he has to fix them.

I suspect you'll have an issue or at least have to pay a premium price. Might want to negotiate that with your employer if possible.

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Posted by darnol91

Member since Jun 2015

749 posts

Posted on 8/18/16 at 2:30 pm to BeerMoney

Thanks for the helpful replies, everyone. I think I'll have the option to stay where I'm at and work from here, but I just wanted to know what it was like down there for when I have my conference call about it. The move back is already going to suck, but this couldn't be any worse timing.

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Posted by eng08

Member since Jan 2013

5997 posts

Posted on 8/18/16 at 5:48 pm to darnol91

Saw a listing off congress Ave right by Perkins and college jump by $500 today. The house is also listed for sale and jumped 70k as well today. The new text in the ad is "did not flood"

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Posted by jimbeam

University of LSU

Member since Oct 2011

75703 posts

Posted on 8/18/16 at 5:54 pm to eng08

Well it looks like I'm not buying in BR once I graduate....

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Posted by eng08

Member since Jan 2013

5997 posts

Posted on 8/18/16 at 6:23 pm to jimbeam

Most of the other listings in the auto email were decreases btw. It's only one outlier I saw, but I do expect available inventory to drop quickly over the next few months.

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Posted by tiger91

In my own little world

Member since Nov 2005

36706 posts

Posted on 8/18/16 at 7:30 pm to eng08

I'd like to think that if I were a landlord/seller, increasing rents/sales prices might be the thing that is happening but I honestly don't know if I could do it knowing the situation. Maybe an adjustment of a small amount but I have too big of a heart ... I know, supply/demand but I just don't think I could.

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Posted by MikeD

Baton Rouge

Member since Jan 2004

7238 posts

Posted on 8/18/16 at 9:09 pm to eng08

IMO, the flood curtailed the local moving house to house market due to the fact that most people require sold house principle as down payment on the next home. And a lot of people just had that principle decreased.

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Posted by Paul Allen