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Started By
Message
re: I'm really worried about BR post flood
Posted on 8/28/16 at 8:59 pm to kingbob
Posted on 8/28/16 at 8:59 pm to kingbob
quote:
They are telling people that before they can rebuild their houses, they may need to raise them to a set height. Many homes are on slabs. If they have to raise the home, it will mean the entire home is a tear down
Not true. Plenty of slab homes raised all over Nola
2
Posted on 8/28/16 at 9:07 pm to SuperSaint
It's $100k to raise a typical 1850 sq ft slab home.
It'll increase the value by maybe $10k so you lose $90k. Many will just default on their loans.
Real estate in the area is stupid now and will affect generational wealth for many many years. Do you really think a faux French home in fricking Watson is worth just as much as a faux French home in the suburbs of Austin, Atlanta, Fort Worth, Phoenix, Tampa, etc? No, that's just stupid and is not sustainable.
Also more floods will happen but it may hit different tributaries and spots so next tie some of the homes that didn't flood will.
It'll increase the value by maybe $10k so you lose $90k. Many will just default on their loans.
Real estate in the area is stupid now and will affect generational wealth for many many years. Do you really think a faux French home in fricking Watson is worth just as much as a faux French home in the suburbs of Austin, Atlanta, Fort Worth, Phoenix, Tampa, etc? No, that's just stupid and is not sustainable.
Also more floods will happen but it may hit different tributaries and spots so next tie some of the homes that didn't flood will.
Posted on 8/28/16 at 9:16 pm to Asgard Device
Maybe people will reverse the migration out to these cookie cutter neighborhoods out in Watson with poor planning and start moving back closer to their jobs back in the historic city centers that have been popular neighborhoods for decades.
I don't know. I'd like to think things will work themselves out. And I say that with the 11th anniversary of Katrina tomorrow. Things will look bleak at times and from here on out referral of time will be "before the storm" and "after the storm"
I don't know. I'd like to think things will work themselves out. And I say that with the 11th anniversary of Katrina tomorrow. Things will look bleak at times and from here on out referral of time will be "before the storm" and "after the storm"
Posted on 8/28/16 at 9:16 pm to Asgard Device
You're spot on. Prices should be dropping in the aforementioned affected areas.
Posted on 8/28/16 at 9:52 pm to kingbob
Just wanted to correct someone's earlier statement which included Santa Maria in the list of the areas of Baton Rouge where there was a lot of flooding. The entrance flooded because the pumps couldn't keep up with Manchac, there were some streets that were flooded, the golf course turned in to a lake, but only a very few houses got a few inches of water inside.
Posted on 8/28/16 at 9:53 pm to SuperSaint
quote:
And I say that with the 11th anniversary of Katrina tomorrow. Things will look bleak at times and from here on out referral of time will be "before the storm" and "after the storm"
Totally different. The rest of the country poured $150 BILLION into the NOLA area after Katrina. People were getting paid $130k in GRANTS to rebuild/raise their homes. It became a media darling.
In this case maybe 1% of that will be sent to the BR area. People get around $4 or $5k and then will take on massive chunks of debt to rebuild. They will have negative equity to pass on.
Posted on 8/28/16 at 9:54 pm to kingbob
Again, not one house in Santa Maria had water up to the eaves. I don't know what this guy is talking about. A few houses had a few inches. I'm talking less than 20 out of several hundred.
Posted on 8/28/16 at 9:59 pm to amgslg
He also said Acadian flooded. 
Well yeah the spot under the train bridge and I-10 ramps did on that Friday. But he was acting like homes along Acadian flooded
Well yeah the spot under the train bridge and I-10 ramps did on that Friday. But he was acting like homes along Acadian flooded
Posted on 8/28/16 at 10:28 pm to SuperSaint
quote:
Maybe people will reverse the migration out to these cookie cutter neighborhoods out in Watson with poor planning and start moving back closer to their jobs back in the historic city centers that have been popular neighborhoods for decade
This is pretty spot on, BR as a whole is going to be fine, some areas are going to become much less desirable and some more so.
The biggest long term effect is going to be gentrification of older homes in unaffected areas and the poors pushed out into suburbia via Section 8.
Long term this may even be a net positive for BR, the LP & AP areas are what is going to suffer.
Posted on 8/28/16 at 10:29 pm to cave canem
LP might suffer, not the non flooded parts of AP. They'll boom.
Posted on 8/28/16 at 10:34 pm to Asgard Device
quote:
In this case maybe 1% of that will be sent to the BR area. People get around $4 or $5k and then will take on massive chunks of debt to rebuild. They will have negative equity to pass on.
True. This flood ruined many people for the rest of their lifetimes on this planet.
Posted on 8/28/16 at 10:38 pm to SuperSaint
quote:
They are telling people that before they can rebuild their houses, they may need to raise them to a set height. Many homes are on slabs. If they have to raise the home, it will mean the entire home is a tear down
I can confirm this. 100k was the price quoted to a family friend to raise slab. If you can't afford this, your house will be bought for 75% value and bulldozed. This is per FEMA officials.
Posted on 8/28/16 at 10:49 pm to elprez00
quote:
elprez00
I've been in and out of people's homes for the last week. It's shitty. It's a terrible situation, but the city will come back. There's a strong community there, there's a strong rebuild effort.
Businesses and schools are already back. LSU is open, people are already gutting and rebuilding. It'll be OK.
Yes some people will leave and never come back, yes some people will get fricked by FEMA and insurance, but overall it'll be fine. You'll see. Years from now people will look back and say wow that was a fricking crazy event but we move on. Life goes on.
People who have lived through this shite before can assure you it'll be ok. Just keep moving forward. That's what you need to do. You can't stop and think about all the pain and the bullshite. There will be a time for that, but for now just soldier on through the days and help rebuild.
Lastly, this statement:
quote:
This is just so different than Katrina. There was money flying into NOLA from almost day one. They couldn't send enough federal dollars.
Is certainly going to infuriate some people and turn people off to your arguments.
I'm not going to go into this discussion, but comparisons to Katrina are just not going to be good for anyone,and they shouldn't be made.
Let's focus on BR and how to move forward. No need to dredge up or discuss Katrina. It'll just serve to distract from the real problems at hand.
Keep your head up, stay busy, and do what you can. Time heals all wounds. All the pain and bullshite and hurt will subside eventually, for now just do what you can to help.
This post was edited on 8/28/16 at 11:09 pm
Posted on 8/28/16 at 10:54 pm to Breesus
Ok I'll ask. Why shouldn't comparisons to Katrina be made?
Posted on 8/28/16 at 10:57 pm to TulaneUVA
Because they shouldn't. Nothing good can come from it. It's just going to stir up shite. Just focus on this disaster in Baton Rouge and how to move on. There's no reason to bring up or discuss Katrina.
Other than sudden flooding of a part of Louisiana being involved these two situations are not comparable for a large number of reasons.
Other than sudden flooding of a part of Louisiana being involved these two situations are not comparable for a large number of reasons.
Posted on 8/28/16 at 10:57 pm to Paul Allen
quote:
LP might suffer, not the non flooded parts of AP. They'll boom.
Perhaps they will initially but if the Section 8 train leaves the station all bets are off.
The national trend has been a reverse migration to the cities lately, and events like this tend to hasten it, we will just have to see what happens.
Posted on 8/28/16 at 10:58 pm to Breesus
quote:
I'm not going to go into this discussion, but comparisons to Katrina are just not going to be good for anyone,and they shouldn't be made.
I'll go ahead and make them. Just because the water went down relatively quickly doesn't mean the damage wasn't done. There was no media coverage and no warning until it was too late (local and national).
A lot of the people in Katrina had warning and were told to get out, but refused to leave their homes.
To say this can't even be compared to Katrina is short-sighted, self-centered, and obtuse
Posted on 8/28/16 at 11:04 pm to The Pirate King
Not comparable to Katrina. A completely different animal. And if people think everyone in Nola just got some golden parachute and didn't get startled with a new mortgage then they are mistaken.
But there really isn't a comparison.
But there really isn't a comparison.
Posted on 8/28/16 at 11:05 pm to SuperSaint
Don't feed the trolls, SS.
This is a contest about which was worse or who had it worst.
We should just focus on how to move forward in BR.
Katrina comparison and conversation is just going to subtract from the problems at hand.
This is a contest about which was worse or who had it worst.
We should just focus on how to move forward in BR.
Katrina comparison and conversation is just going to subtract from the problems at hand.
This post was edited on 8/28/16 at 11:06 pm
Posted on 8/28/16 at 11:14 pm to The Pirate King
quote:
There was no media coverage and no warning until it was too late (local and national).
Tbh, would media coverage prevent the water from going into the homes?
Insurance companies dont care how much the media covered the event.
Comparing the disasters is pointless
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