- 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: Buying a flooded home
Posted on 8/23/16 at 11:19 pm to dewster
Posted on 8/23/16 at 11:19 pm to dewster
Yeah, I've spent a great deal of time in the last week in the two neighborhoods he mentioned specifically. A few years ago my opinion of the area was poor. But what I noticed, in centurion place in particular, are a lot of large homes on nice sized lots with good access to interstate, hospitals, etc.
Does it have the appeal of Lexington Estates? Nope. But it's not some rapidly declining neighborhood. Especially since it was already in a flood zone.
Does it have the appeal of Lexington Estates? Nope. But it's not some rapidly declining neighborhood. Especially since it was already in a flood zone.
0
Posted on 8/24/16 at 2:01 am to boosiebadazz
quote:
I'm all for making money, but you're absolutely trying to take advantage of them being in a disadvantageous situation. At least be honest about it.
Taking advantage how? He is offering a price that makes the deal work for him, if the sellers don't think it will work for them they don't have to sell.
Posted on 8/24/16 at 4:56 am to EA6B
OP's plan won't hold much water after today. Be listening for a PC by the Governor. It will eliminate this line of thinking.
Posted on 8/24/16 at 7:04 am to Coffee Dump
I don't get the hate here. I had relatives that had major flooding in Katrina who were happy to dump their houses for whatever low price they could get simply because they just wanted to GTFO and not take a chance on going through it again. They just wanted to move on with their lives and not have to worry about the house. Anyone who doesn't like his offer can simply say "no." He's making an offer - if people feel it benefits them, they will accept. If not, they can decline.
Posted on 8/24/16 at 7:11 am to boosiebadazz
quote:
Rationalize it however you want, but you weren't offering 30 cents on the dollar before their home(s) were destroyed by the flood.
This might be the dumbest statement I've ever read on this board.
Their houses weren't FLOODED before the FLOOD. That's a pretty significant difference.
Posted on 8/24/16 at 7:20 am to Coffee Dump
quote:
Hell i hope i`m wrong about the values and prices go up. I own a house down the street, but I know plenty of examples where values do not come back-Eden Isles in Slidell property values dropped 60% in first month after Katrina but have yet to fully recover.
This is simply how life works. Too many people here are commenting with too much emotion and too little common sense. I've lived through many floods. The house my father was building ronly got a foot of water in Katrina when everyone around him got it to the rooftops. It was valued around $650-700K, and 10 years later he can't get $450K for it.
This post was edited on 8/24/16 at 7:26 am
Posted on 8/24/16 at 12:50 pm to Coffee Dump
I know there has to be an additional discount given because of the current condition. Any idea what roughly price per sq foot these house are being sold/bought for?
Posted on 8/24/16 at 1:12 pm to Coffee Dump
quote:
Coffee Dump
You are complete scum
Posted on 8/24/16 at 1:16 pm to GeauxFast
quote:
I know there has to be an additional discount given because of the current condition. Any idea what roughly price per sq foot these house are being sold/bought for?
There isn't just a discount for the "current condition" - there's a huge discount for the "future condition." A flooded home will not regain its former value for a LONG time. Why are people in denial about this?
Posted on 8/24/16 at 1:25 pm to 911Moto
I'm not in denial, I only asked what the going price is(roughly). Sorry but "future" condition is included in my discount statement but I do agree it is somewhere above just property value alone. I have no problem with a deep cut, I have no problem with people making a profit in this manner. I have a good friend that doesn't have the stamina to rebuild. She wants to move closer to her daughter and family in Texas.
Posted on 8/24/16 at 1:26 pm to 911Moto
quote:
I don't get the hate here.
I get it, but I also see your point. I think it is a bit predatory and taking advantage of people in desperate situations, but they have the right to refuse the offer. At the same time though, when you're living in a hotel with no horizon on when you'll get out of the hotel and into stable housing, any offer may sound good.
Posted on 8/24/16 at 2:13 pm to GeauxFast
"" Any idea what roughly price per sq foot these house are being sold/bought for? ""
Avg sales price per SF L/A, past 24 months, in Centurion is right at $99, as per BRMLS.
But there are both newer, and older homes in there.
Avg sales price per SF L/A, past 24 months, in Centurion is right at $99, as per BRMLS.
But there are both newer, and older homes in there.
This post was edited on 8/24/16 at 2:13 pm
Posted on 8/24/16 at 4:29 pm to VermilionTiger
quote:
Coffee Dump
You are complete scum
Coffee Dump is operating as a business, not a charity, and almost without exception the people that can do the most for charity are those successful in business, but maybe you were a sanders supporter and can't understand this.
Posted on 8/24/16 at 5:00 pm to EA6B
I think this thread says a lot about the money board. Most threads consist of sound advice from a handful of people who have experience in that particular subject, whereas the majority of participants are a bunch of college kids who want to appear smart because they frequent the money board. 
This post was edited on 8/24/16 at 5:01 pm
Posted on 8/24/16 at 10:22 pm to VermilionTiger
quote:
You are complete scum
WTF, he is making an offer, not compelling someone to take it, some of the flooded areas are mist definitely not returning to their former glory.
If I was in the local market looking for a home for my family I would avoid these areas like the plague.
Lots of Section 8 looming on the horizon, just the way it is.
Posted on 8/25/16 at 10:59 am to Coffee Dump
i have multiple clients that are going to sale flooded homes without repairing them because they own them free and clear. they don't want to rebuild they are just moving on and buying a new property.
Posted on 8/25/16 at 11:13 am to hawkeye007
(no message)
This post was edited on 8/25/16 at 3:19 pm
Posted on 8/25/16 at 12:12 pm to 911Moto
quote:uhhhhhh
whereas the majority of participants are a bunch of college kids
Posted on 8/25/16 at 12:59 pm to Coffee Dump
I will be buying also but I'm waiting for the houses to go thru foreclosure.
Lots of people will not be rebuilding
Lots of people will not be rebuilding
Posted on 8/25/16 at 3:09 pm to Teddy Ruxpin
quote:
don't think this makes him a bad guy
quote:Yep. The faux-outrage here is pretty sad.
Just a guy making investments.
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News