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2
Posted on 2/11/16 at 11:29 pm to Dr. Shultz
the dorms will take a hit as well
Posted on 2/11/16 at 11:29 pm to NIH
quote:
I think the lack of safe/decent rent houses near LSU drives that market up.
Plenty of ghetto houses off Alaska St just a few blocks from campus. Instead of building a new apartment complex, someone should buy up those houses, remodel them, and rent them to students.
Posted on 2/11/16 at 11:30 pm to LouisianaLady
quote:
As long as apartments are not allowed to discriminate very much on tenants, they're going to have to remain expensive to keep the trash out.
I have no idea what the rules are for stuff like this.
I wonder if these places can discriminate against non-college students. Like a place such as University house (formerly the Standard) has more applications than space, would there be a legal problem with just filling it with LSU students only?
Posted on 2/11/16 at 11:30 pm to JohnnyKilroy
quote:
The vast majority of the people I knew lived in a "per bed" apt when I was at LSU from 07-11. With a few exceptions, the places that charged rent for the unit and not per bed were shitholes.
Right, but if you're from BR.. you don't really care about living "on" campus... because you have a car.. unlike a lot of the out of state kids. At least nobody I knew did. We had no problem with getting a decent place a few miles from campus that was exponentially cheaper than a "per bed" apartment.
I knew a couple out-of-towners in the per-bed places and they were so tiny and undesirable. Especially compared to getting a house/townhome type of deal 5 minutes from school.
Posted on 2/11/16 at 11:31 pm to Dr. Shultz
quote:
Those apartments are similar in price or cheaper than dorms on LSU campus. They will be alright.
That's another driver for the market.
The dorms (when I was there) were mostly shite outside of the new engineering/business dorms and they weren't THAT much cheaper than living in an apt.
Posted on 2/11/16 at 11:31 pm to JohnnyKilroy
I am unsure if you can say student-only or not. I thought you could, but I could be completely wrong on that.
I feel like if you could force it to be just students, why the insane prices? Just because that is how it ended up and people will pay it?
Someone mentioned on here the other day that Cottages "now allows non-students" due to lack of occupancy.. so it is filled with a lot of random families and whatnot. Seems like if they could just make it "student only" and keep the price low, they'd have it made. I feel like if I had low occupancy and I had to decide to make a move to improve it, I'd keep it student-only and drop the price a good bit rather than make it "all people" and keep the price.
I feel like if you could force it to be just students, why the insane prices? Just because that is how it ended up and people will pay it?
Someone mentioned on here the other day that Cottages "now allows non-students" due to lack of occupancy.. so it is filled with a lot of random families and whatnot. Seems like if they could just make it "student only" and keep the price low, they'd have it made. I feel like if I had low occupancy and I had to decide to make a move to improve it, I'd keep it student-only and drop the price a good bit rather than make it "all people" and keep the price.
This post was edited on 2/11/16 at 11:35 pm
Posted on 2/11/16 at 11:33 pm to LouisianaLady
quote:
I feel like if you could force it to be just students, why the insane prices?
Because the money is "free"
Lot more spending power when tuition is already covered by TOPS and anyone can get up to 30k/year in loans
Posted on 2/11/16 at 11:33 pm to LouisianaLady
I want to say the Cottages was/is student only
Posted on 2/11/16 at 11:34 pm to LouisianaLady
quote:
I feel like if you could force it to be just students, why the insane prices?
The students aren't paying for it. Their parents are.
Posted on 2/11/16 at 11:34 pm to LouisianaLady
quote:
Right, but if you're from BR.. you don't really care about living "on" campus... because you have a car.. unlike a lot of the out of state kids. At least nobody I knew did. We had no problem with getting a decent place a few miles from campus that was exponentially cheaper than a "per bed" apartment.
What's a few miles though? Brightside area? or further down burbank?
Posted on 2/11/16 at 11:39 pm to JohnnyKilroy
quote:
What's a few miles though? Brightside area? or further down burbank?
Garden Dist, whatever that neighborhood on Nicholson is, some of the Brightside places are/were nice, etc.
I rented a 2-bedroom house in Garden Dist. for $850 total (so $425/person). Fenced in yard, lots of space, deck wrapping the house, etc. I didn't have to worry about apartment noises and all that shite. And I got to school within 5 minutes cutting through to the LSU lakes.
I mean, I get that some people are really into the whole "college experience" (I've always liked drinking/partying, but it wasn't with LSU people beyond my friends from childhood).. but I guess to me, being on my own in a legit place for an affordable price was far more important than that. Like I said, everyone who went to LSU from my high school lived a few miles from campus or stayed at home with their parents. Not saying people from here didn't live in "per room" places.. I just didn't know any of them. I honestly thought those complexes catered to out of state kids who don't know which parts of town are safe, who don't know people in town and are looking to meet others, who need roommates, and who rely on the bus system.
This post was edited on 2/11/16 at 11:41 pm
Posted on 2/11/16 at 11:44 pm to LouisianaLady
quote:
I mean, I get that some people are really into the whole "college experience" (I've always liked drinking/partying, but it wasn't with LSU people beyond my friends from childhood).. but I guess to me, being on my own in a legit place for an affordable price was far more important than that. Like I said, everyone who went to LSU from my high school lived a few miles from campus or stayed at home with their parents. Not saying people from here didn't live in "per room" places.. I just didn't know any of them. I honestly thought those complexes catered to out of state kids who don't know which parts of town are safe, who don't know people in town and are looking to meet others, who need roommates, and who rely on the bus system.
Yea it might be different for BR kids, but the vast majority of my friends were from NOLA and almost all of them lived in the per bed places. A few had houses near the lakes that they either rented, or their parents bought to have a place for their kid and recoup costs by charging rent to their kid's friends.
Had one friend who was somehow able to buy a house and lived in it for 3 years all expenses paid by rent he charged to the two people who lived with him. Sold it for a 5 figure profit after graduating.
Posted on 2/11/16 at 11:48 pm to JohnnyKilroy
quote:
their parents bought to have a place for their kid and recoup costs by charging rent to their kid's friends.
My parents wanted to do this so badly, but I didn't have many friends go to LSU with me and my brother isn't the college type.
quote:
Had one friend who was somehow able to buy a house and lived in it for 3 years all expenses paid by rent he charged to the two people who lived with him. Sold it for a 5 figure profit after graduating.
I think this is so awesome. If you have the 20% down payment and you're buying a relatively "normal" home, your mortgage is often less than you'd pay to rent a place that size. So people's rent sometimes even earns you a profit.
Posted on 2/11/16 at 11:48 pm to NIH
Yeah, I guess they'll just live on the streets. 
Posted on 2/11/16 at 11:58 pm to LouisianaLady
quote:
I think this is so awesome. If you have the 20% down payment and you're buying a relatively "normal" home, your mortgage is often less than you'd pay to rent a place that size. So people's rent sometimes even earns you a profit.
Dude made out like a bandit.
Had another friend who was in the airforce and was assigned to GA after going to afghanistan. Bought a foreclosed house for cheap, all mortgage and other expenses were paid by the rent money he collected from his two roommates. Got reassigned to some island off of Portugal a couple of years later. I asked him what he was gonna do with the house. Said he could sell it that day by listing it under market and make something like 30k.
Posted on 2/12/16 at 12:01 am to NIH
Easy answer is they turn into subsidized housing and you get treated to more diversity and all its amenities.
Posted on 2/12/16 at 2:49 am to JohnnyKilroy
I was just talking about this very thing with one of business partners today.
We are already looking into a few things so hopefully this will be an easy way for me to make a bunch of money.
We are already looking into a few things so hopefully this will be an easy way for me to make a bunch of money.
Posted on 2/12/16 at 6:02 am to NIH
Take a look at the apartments in New Orleans East. A lot of them were built for oilfield workers and when companies left New Orleans for Houston during the 1980's these places started accepting section 8.
People or real estate groups that own these places will keep them full one way LSU students or section 8.
They are about making a return on their investment until its time to sell.
People or real estate groups that own these places will keep them full one way LSU students or section 8.
They are about making a return on their investment until its time to sell.
Posted on 2/12/16 at 6:26 am to LouisianaLady
We piled 5 dudes in a house in beau pre and paid $300/month
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