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Posted on 9/13/16 at 2:11 pm to Gaston
There's a house I old town BSL I'm looking at, it's $400k. People would be shocked, let me find it
Posted on 9/13/16 at 2:24 pm to GynoSandberg
We ride around on the golf cart and check out all of the homes for sale. When we research them we're shocked at the asking price every time. Ride around a week later and it's off of the market. Two more weeks and it's gutted...that price and you're shredding it...wow.
Posted on 9/13/16 at 2:54 pm to TDcline
This is a terrible comparison just to exaggerate a point. You can build around 2200 sf on a half acre for $250,000 in Louisiana.
Posted on 9/13/16 at 2:57 pm to TheBoo
quote:
You can build around 2200 sf on a half acre for $250,000 in Louisiana.
In the swamp or in Jena. In Houma/Thib area, half an acre will run you 60-80k
Posted on 9/13/16 at 2:59 pm to JohnnyKilroy
quote:Where would you say is the best value down in the CBD now? My wife and I have been thinking about renting a place for a year or so as a weekend crash pad to get our feet wet with city living.
Also, real estate may be in for a leveling/correction in the NOLA area. Rent prices are slowly but surely starting to decline as supply is outpacing demand growth.
My apt. in the CBD gave me a 10% discount for the first year. Over a year has passed and the landlord hasn't told me that they were raising rent, let alone taking off the first year discount.
They know that shite won't fly because over 50 brand new units have come on the market on my block alone.
Maybe things will heat up again when the VA hospital is completed, but I can think of several hundred units that have come online in the CBD alone in the last 12 months.
Posted on 9/13/16 at 3:10 pm to achenator
I'm not sure about the best value, but if I were moving to the CBD, I'd move to the South Market District. You can't really beat the convenience of that area.
Posted on 9/13/16 at 3:15 pm to TDcline
It's ridiculous do the same comparison with texas real estate
Posted on 9/13/16 at 3:19 pm to Epic Cajun
quote:
re about the best value, but if I were moving to the CBD, I'd move to the South Market District. You can't really beat the convenience of that area
I wouldn't live in any of those new places in the south market district if I was older. They are decent places, but they are geared towards young professionals straight from school. Maybe not a deal breaker for some, but if I'm an older person looking to move back to the city after spending a decade or two in the burbs I wouldn't want to live in a place where I'm the oldest tenant by 15-20 years.
That area on the interstate side of poydras between poydras and the WHD is where I would love to live if I had the money for one of those places.
Factor's row is opening soon on Carondelet across from One Shell Square. 50 units in newly renovated building that is practically equidistant from the quarter and the dome/arena.
This post was edited on 9/13/16 at 3:21 pm
Posted on 9/13/16 at 3:36 pm to TDcline
The only place Ms real estate is expensive on the Ms Gulf Coast and outside of Jackson
Posted on 9/13/16 at 3:45 pm to Thib-a-doe Tiger
Houma/ Thibodaux is an inflated market. Prairieville/ Geismar area, you can build that.
Posted on 9/13/16 at 3:46 pm to TDcline
You should see what $250k gets you in NYC. 
Posted on 9/13/16 at 3:47 pm to MSTiger33
quote:
You should see what $250k gets you in NYC.
Or Boston, for that matter.
Though NYC is definitely worse. I was in San Francisco for work last week and the people there were telling me about how bad it's gotten there. It's outrageous.
This post was edited on 9/13/16 at 3:48 pm
Posted on 9/13/16 at 3:48 pm to MSTiger33
quote:
You should see what $250k gets you in NYC.
A parking space?
Posted on 9/13/16 at 3:48 pm to SabiDojo
quote:
A parking space?
Maybe for a compact car. Or a tandem spot.
Posted on 9/13/16 at 3:50 pm to AbitaFan08
everyone sure gets bent out of shape on Real Estate Prices here in LA
try living in big cities, you'll really be blown away
try living in big cities, you'll really be blown away
Posted on 9/13/16 at 3:51 pm to JohnnyKilroy
One of my partners has a place on John Churchill Chase, 610 I think? Is that the area? Or up near lafayette square?
.
.
quote:
That area on the interstate side of poydras between poydras and the WHD is where I would love to live if I had the money for one of those places.
Posted on 9/13/16 at 3:52 pm to SabiDojo
quote:
A parking space?
Not even. We pay almost double for our spot.
Posted on 9/13/16 at 3:52 pm to Jack Bauer7
quote:
try living in big cities, you'll really be blown away
It really was a culture shock when I moved. I couldn't (and sometimes still can't) believe what things go for.
You eventually become numb to it to a certain extent though. I like to watch the real estate market just for fun, and find myself saying things like, "oh only $500k for that two bedroom apartment. Needs updating, but not bad!"
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