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People are crazy about not buying a properly renovated property
Posted on 8/26/16 at 10:41 am
Posted on 8/26/16 at 10:41 am
People thinking that they're not gonna buy in the areas that took on a foot of water from rivers and creeks overflowing are crazy. This flood has never happened in the history of Baton Rouge. Thinking it will happen often now is just stupid. My neighbor has lived in his house for 37 years and said the streets have never flooded before in storms. This overflowing river thing is different and it took a historic number of inches of rain in a short amount of time over most of the entire state of Louisiana. Make sure the house is properly renovated and have your inspector be thorough and purchase away. People that can see past the short term fear stand to make a lot of money or equity in their homes. People that bought in New Orleans after Katrina made crazy money. Check the pricing down there. This is the same phenomenon of you ask me.
11
Posted on 8/26/16 at 10:43 am to BengalBlood81
How much you asking for your mold box?
Posted on 8/26/16 at 10:44 am to BengalBlood81
There's a lot of asphalt on the ground now compared to the past where water used to go
Posted on 8/26/16 at 10:44 am to BengalBlood81
Possibility of getting some decent property at discounted prices. I imagine there will be some gutted houses on the market. If you have the time and money to do some renovating you could probably make out pretty well.
Posted on 8/26/16 at 10:45 am to BengalBlood81
All I know is that my house didn't flood... and I'm going to use that fact to leverage the hell out of its sale, should I ever have to sell one day.
It may be many years down the road, but my asking price jumped up a good bit because it withstood a 4 trillion gallon flood. Not that I'm happy about how it happened. I'm just stating a fact.
It may be many years down the road, but my asking price jumped up a good bit because it withstood a 4 trillion gallon flood. Not that I'm happy about how it happened. I'm just stating a fact.
Posted on 8/26/16 at 10:46 am to Clyde Tipton
i love your line of thinking. As I buy my rental properties, pricing will stay down. I love the OT. Reminds me why few are rich and many are poor.
Posted on 8/26/16 at 10:46 am to SpqrTiger
quote:
All I know is that my house didn't flood... and I'm going to use that fact to leverage the hell out of its sale, should I ever have to sell one day.
Truth.
Posted on 8/26/16 at 10:47 am to SpqrTiger
quote:
It may be many years down the road, but my asking price jumped up a good bit because it withstood a 4 trillion gallon flood. Not that I'm happy about how it happened. I'm just stating a fact.
same here.
Posted on 8/26/16 at 10:48 am to BengalBlood81
I know someone in Ascension whose house had 4 feet. He built that house on land that his grandfather bought in 1902. His grandfather and father and now him have all lived on that land since, and this was the first time the land flooded.
Posted on 8/26/16 at 10:49 am to SpqrTiger
Watch out. There are people on this board that will call you out for price gouging for raising the asking price of your home because it didn't flood. Even if the market value of your home went up, you shouldn't adjust the price.
Posted on 8/26/16 at 10:51 am to BengalBlood81
sorry your home depreciated 
Posted on 8/26/16 at 10:51 am to doublecutter
k.
Posted on 8/26/16 at 10:54 am to oreeg
Well the majority of people are dumbasses, so the hell with their opinions.
Posted on 8/26/16 at 10:55 am to BengalBlood81
quote:
i love your line of thinking. As I buy my rental properties, pricing will stay down. I love the OT. Reminds me why few are rich and many are poor.
Whether you want to accept it or not, a home that took on water is unequivocally less valuable now than it was before the storm, all else being equal. You can renovate it to its exact state 3 weeks ago and it is simply worth less now. It may be rezoned as an AE flood zone down the road and that uncertainty and significantly higher insurance cost that comes with it will decrease the value of the home.
No one is suggesting that homes won't be bought.
Posted on 8/26/16 at 10:56 am to Navajo61490
quote:
There's a lot of asphalt on the ground now compared to the past where water used to go
:facepalm:
So 100 yrs ago, before asphalt and cement roads existed, what caused the flooding then?
Also, do you really think the soils under roads stays completely dry and doesn't absorb surrounding water?
Did any open fields flood?
YOU CANNOT EVER STOP FLOODING ANYWHERE IF THEY HAVE RECORD RAINFALL IN A NON STOP SHORT AMOUNT OF TIME, PERIOD!
Posted on 8/26/16 at 10:59 am to Navajo61490
quote:
There's a lot of asphalt on the ground now compared to the past where water used to go
THIS
It is really amazing that people do not understand this. Houses are being built in what used to be natural flood plains for overrun water. Just because it is not designated as a FEMA flood plain does not mean water doesn't settle there or that area didn't absorb water in the past.
Perfect example: Carnecro never flooded, Youngsville builds up, Canrencro now floods, because the water has no where to go.
Posted on 8/26/16 at 10:59 am to SpqrTiger
my camp house is in the "100 year flood zone" It flooded one time in the early 50s and didn't flood again until 1991... Then 1998, 2004, 2014, 2015, and twice so far in 2016..
I'm down stream from Austin tx.. which has pretty much tripled in size since the early 90's along with the surrounding area.
Its pretty much 10 inches of rain in Austin and the river is flooding.. I really think there is something to all that concrete
I'm down stream from Austin tx.. which has pretty much tripled in size since the early 90's along with the surrounding area.
Its pretty much 10 inches of rain in Austin and the river is flooding.. I really think there is something to all that concrete
Posted on 8/26/16 at 11:02 am to the LSUSaint
quote:
:facepalm:
So 100 yrs ago, before asphalt and cement roads existed, what caused the flooding then?
Also, do you really think the soils under roads stays completely dry and doesn't absorb surrounding water?
Did any open fields flood?
YOU CANNOT EVER STOP FLOODING ANYWHERE IF THEY HAVE RECORD RAINFALL IN A NON STOP SHORT AMOUNT OF TIME, PERIOD!
this may be the dumbest post I have read on here ever.
Of course developments affect drainage. he isn't saying its the root cause, but it doesn't help
This post was edited on 8/26/16 at 11:03 am
Posted on 8/26/16 at 11:03 am to Nado Jenkins83
Yeh I really don't get why he would argue that it doesn't 
Posted on 8/26/16 at 11:07 am to Nado Jenkins83
quote:
f course developments affect drainage.
I know this. You know, sometimes it's affected for the better.
Subdivision drainage was NOT even remotely part of the flooding equation associated with the amounts of rain we received.
Flash flooding places? Sure
But places still underwater a week later should tell you all you need to know about there being just too much water, in a short time, to be removed by our natural waterways.
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