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Bait n Switch - new neighborhood S. Harrell's Ferry/O'Neal
Posted on 10/18/23 at 8:31 am
Posted on 10/18/23 at 8:31 am
SIAP: Looks like Baton Rouge is finally experiencing a bait n switch style neighborhood similar to cities like Houston who've experienced this before. The developer gives the illusion that all 120 plus homes will be single-family sold houses, then midstream they turn the whole thing into rental. I feel bad for the surrounding area homeowners.
Link from WBRZ: New Rental Neighborhood in Baton Rouge
Link from WBRZ: New Rental Neighborhood in Baton Rouge
This post was edited on 10/18/23 at 8:35 am
23
Posted on 10/18/23 at 8:34 am to Tomatocantender
Lots of those popping up around me, north Houston. A few are extremely nice, but most look like there will be abandoned Dodge Chargers in 3 months.
Posted on 10/18/23 at 8:35 am to Tomatocantender
Damn I was hoping this wouldn't really happen in Louisiana.
Posted on 10/18/23 at 8:35 am to Tomatocantender
This is by design and what the globalists want.
Posted on 10/18/23 at 8:35 am to Tomatocantender
Soon to be Gardere Lane.
Posted on 10/18/23 at 8:36 am to FlyinTiger93
quote:
Lots of those popping up around me, north Houston
Yep, my BIL said the exact same thing, he's in Santa Fe (Galveston county). Said if you follow the money it's actually Blackrock involved with the developers.
Posted on 10/18/23 at 8:38 am to Tomatocantender
quote:
Yep, my BIL said the exact same thing, he's in Santa Fe (Galveston county). Said if you follow the money it's actually Blackrock involved with the developers.
They are in bed with Horton and a few other national homebuilders. I just didn't think Louisiana was a big enough market for this.
Posted on 10/18/23 at 8:41 am to dewster
quote:
I just didn't think Louisiana was a big enough market for this.
There is your answer. Cast your line where there is fish
Posted on 10/18/23 at 8:45 am to Tomatocantender
Theres a market to rent out neighborhoods like this and sell them to bigger private equity firms. Also, when houses are not selling and you still have to pay the continually rising interest on your loans you took out to develop the land, you need cashflow
This guy has other developments in BR and out in Zachary
This guy has other developments in BR and out in Zachary
Posted on 10/18/23 at 8:45 am to Tomatocantender
His first red flag should have been that DR Horton is the developer
Posted on 10/18/23 at 8:47 am to Tomatocantender
I never thought this would be an actual thing but i have seen 4 separate articles about these
One was like 100 house subdivision that was all rentals
One was like 100 house subdivision that was all rentals
Posted on 10/18/23 at 8:51 am to Tomatocantender
Buy land. Any amount you can.
One acre or 100. The last private citizens to hold any kind of influence will be land owners.
One acre or 100. The last private citizens to hold any kind of influence will be land owners.
Posted on 10/18/23 at 8:51 am to Tomatocantender
See Sugarmill on the west bank.
Posted on 10/18/23 at 8:53 am to Tomatocantender
Scum landlords
Posted on 10/18/23 at 8:55 am to Tomatocantender
I’m questioning whether they can even rent out all these houses for the price they are asking.
Posted on 10/18/23 at 8:55 am to Tomatocantender
quote:
Said if you follow the money it's actually Blackrock involved with the developers.
Blackrock doesn't directly buy SFHs as investments
quote:
A number of other large asset managers and private equity firms are very active today in purchasing single-family residences. BlackRock is sometimes confused with them.
As a fiduciary asset manager, we invest and manage capital on behalf of our clients in a vast array of public and private U.S. real estate markets – but buying individual homes is not one of them.
Below are facts on how we DO participate in the U.S. real estate market. Combined, we are investing approximately $120 billion1 in the U.S. residential real estate market on behalf of our clients.
quote:
Bottom line: BlackRock is an active investor in the U.S. real estate market, but we are not among the institutional investors buying single-family homes.
LINK
This post was edited on 10/18/23 at 8:57 am
Posted on 10/18/23 at 8:55 am to Tomatocantender
Couldn’t imagine renting a cookie cutter shite hole for $2,600/month
Posted on 10/18/23 at 8:55 am to Tomatocantender
quote:
The developer installed a tall fence around the property and built a detention pond
Is this where they send the neighbors who complain too much?
Posted on 10/18/23 at 8:57 am to Bayou_Tiger_225
quote:
DR Horton
Springing up all over the Northshore
Posted on 10/18/23 at 8:58 am to winkchance
quote:
See Sugarmill on the west bank.
The back of it at least....
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