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re: How long do houses stay on the market in NOLA?
Posted on 10/9/14 at 9:09 pm to RollTheRock
Posted on 10/9/14 at 9:09 pm to RollTheRock
Outgrowing what ya have?
0
Posted on 10/9/14 at 9:09 pm to glassman
one bedroom around the corner from me by sacred heart sold for $650,000. supposedly needs a total renovation.
Posted on 10/9/14 at 9:09 pm to stout
Dementia is starting to set in for old man glass
Posted on 10/9/14 at 9:09 pm to stout
True, but nothing is going long on the market, unless severely overpriced. Price it fairly and it is snatched up within a week of being on the market. I've never seen anything like it.
Posted on 10/9/14 at 9:10 pm to RollTheRock
quote:
I don't mind buying at a peak
You say that but as someone that has been through a real estate bubble bursting as a home owner, realtor, contractor, and investor...be careful because we are no doubt in another bubble right now. It might not ever be as bad as the sub prime mess, but it's still scary and has all the signs of being temporary.
Watch gas prices. If they keep going down as supply goes up then there will be a lot of vacant houses in LA and Texas especially Houston.
Oil companies won't pay for the fracking and expensive drilling if they can't make it profitable. Lots of unemployed people in this area if that happens. As bad as it sounds, a global conflict in the other oil producing countries would be good for this area to make supply drop again.
Posted on 10/9/14 at 9:10 pm to glassman
quote:
True, but nothing is going long on the market, unless severely overpriced.
meh, thats debatable depending on your definition of severely overpriced
Posted on 10/9/14 at 9:11 pm to Cosmo
quote:
Dementia is starting to set in for old man glass
Your jealousy is evident.
Posted on 10/9/14 at 9:12 pm to RollTheRock
Currently people are buying places without setting foot in them on crazy terms- act fast if your looking anywhere remotely in demand and the house isn't a total disaster (heck, even if it is)
Posted on 10/9/14 at 9:13 pm to Wooly
The big thing here in Austin are the steals on downtown condos.. Some developers bit off more than they can chew .. Don't know if condos are hot in Nola .. I know the WHD at one time wasn't bad
Posted on 10/9/14 at 9:14 pm to Wooly
quote:
meh, thats debatable depending on your definition of severely overpriced
Talking about a renovation that needs to be done on a house that hasn't been updated since the 70's. Those place will sit on the market when the owner is greedy.
Posted on 10/9/14 at 9:15 pm to NoSaint
quote:
Currently people are buying places without setting foot in them on crazy terms-
quote:
act fast
As someone who bought in a similar market in Orlando in 2005, I recommend you don't act fast, but fail to act or act prudently and very deliberately.
Posted on 10/9/14 at 9:16 pm to sheek
Condos always seem like a hard sell outside of a city like Austin, Houston, etc. Condos need a younger generation of single people with money to spare to be successful IMO.
I have never had any interest in condos as an investment.
I have never had any interest in condos as an investment.
Posted on 10/9/14 at 9:16 pm to stout
quote:
GD'it, Glass
Touche, bro. It is crazy right now.
Posted on 10/9/14 at 9:16 pm to WDE24
Big thing now is total demolition and building new.
Posted on 10/9/14 at 9:17 pm to glassman
the place that sold by my office sold in less than a week for $300,000 IIRC, the house had been abandoned for at least 40 years, place was a complete dump, they are doing a camel back and basically building an entirely new house with the same door frame. I just look at it as they purchased a $300,000 lot in a very nice uptown neighborhood
Posted on 10/9/14 at 9:19 pm to sheek
quote:
I know the WHD at one time wasn't bad
i could never live down there. im not hip enough
Posted on 10/9/14 at 9:19 pm to Wooly
quote:
How long do houses stay on the market in NOLA?the place that sold by my office sold in less than a week for $300,000 IIRC, the house had been abandoned for at least 40 years, place was a complete dump, they are doing a camel back and basically building an entirely new house with the same door frame. I just look at it as they purchased a $300,000 lot in a very nice uptown neighborhood
And will make money.
Posted on 10/9/14 at 9:20 pm to RollTheRock
Look in the Bywater and Marigny as well. Solid houses and close to the CBD. Still lots of dirty hippies but those neighborhoods are going more and more single family, or whats called Gentrification! learn that word!
Posted on 10/9/14 at 9:20 pm to stout
I have done well with the 2 condos i snatched jn Austin .. The houses here are severally overpriced but there is no inventory hence a sellers market and people willing to sit to get their premium offer.. To me there has to be some decent buys in Jefferson parish
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