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So this is what you get for $500k in New Orleans right now

Posted on 10/22/14 at 8:51 pm
Posted by RollTheRock
Member since Feb 2014
478 posts
Posted on 10/22/14 at 8:51 pm
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120257 posts
Posted on 10/22/14 at 8:51 pm to
Yep. shite is insane
Posted by yellowfin
Coastal Bar
Member since May 2006
97632 posts
Posted on 10/22/14 at 8:53 pm to
Look at that culture
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 10/22/14 at 8:54 pm to
Yeah, no. If that house sells for $499k, I'll put my house up tomorrow for $600k.
Posted by Scruffy
Kansas City
Member since Jul 2011
72061 posts
Posted on 10/22/14 at 8:55 pm to
Scruffy's house is twice as big, has a yard, a garage, no traffic, people won't rape/murder him when he walks outside, and cost 1/3 of that.











It is also in Shreveport.
Posted by Buck Dancer
New Orleans
Member since Jan 2008
4679 posts
Posted on 10/22/14 at 8:55 pm to
housing in NOLA decent areas is crazy. i luckily bought in lakewood south right after katrina and property has appraised for 75% more than i originally bought it for.
Posted by CAT
Central Arkansas
Member since Aug 2006
7079 posts
Posted on 10/22/14 at 8:55 pm to
WTF

Is this for real?
Posted by YogaPants
Baton Rouge
Member since Aug 2008
4704 posts
Posted on 10/22/14 at 8:55 pm to
got them government solar panels tho
Posted by yellowfin
Coastal Bar
Member since May 2006
97632 posts
Posted on 10/22/14 at 8:56 pm to
Bubble with bust like all the others have
Posted by Asgard Device
The Daedalus
Member since Apr 2011
11562 posts
Posted on 10/22/14 at 8:58 pm to
This would make sense if it were in uptown, by Tulane, or whatever but this house is in by water right next to the 9th ward.

Dude got robbed and beat up by urban yutes recently and apparently it was his fault for gentrifying the area.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 10/22/14 at 8:59 pm to
My house currently appraises for 40% more than I paid for it but where am I going to go? I guess I could live in one of my rentals until the bubble burst, but in New Orleans that could take 10-15 years or never. It's insane down here right now.
This post was edited on 10/22/14 at 9:00 pm
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 10/22/14 at 8:59 pm to
quote:

yutes

did you say yutes?
Posted by Rouge
Floston Paradise
Member since Oct 2004
136799 posts
Posted on 10/22/14 at 8:59 pm to
Yeah dude

No way i pay that in the bywater

Call me when price at 265
Posted by Col reb 2011
#38
Member since Apr 2013
1614 posts
Posted on 10/22/14 at 9:00 pm to
Nice bachelor pad
Posted by BACONisMEATcandy
Member since Dec 2007
46643 posts
Posted on 10/22/14 at 9:00 pm to
lol... that house is at least 900k where I live if not over 1 mil

I'd buy the shite out of that
Posted by Lester Earl
Member since Nov 2003
278321 posts
Posted on 10/22/14 at 9:01 pm to
It's a shotgun double in a hot neighborhood. im not really surprised
Posted by tsmi136
Baton Rouge
Member since Feb 2011
3904 posts
Posted on 10/22/14 at 9:01 pm to
Look at all that natural light
Posted by Buck Dancer
New Orleans
Member since Jan 2008
4679 posts
Posted on 10/22/14 at 9:02 pm to
the bubble is so big right now in NOLA it sucks. the only way you can capitalize on it is if you sell your house and then move away or reappraise your house to get your mortgage % down and remove PMI. Not very many deals anymore and even the questionable neighborhoods are going for big dollar. Only matters now if you sell high and buy elsewhere low. Don't get caught like they did elsewhere and refinance your house at the high value to buy other properties then have the bubble burst and be stuck with 500k in property value and 1 mil in loans.
Posted by zacata88
Member since Mar 2014
1682 posts
Posted on 10/22/14 at 9:03 pm to
I don't see how the bubble is going to burst in New Orleans anytime soon. Yuppies keep moving here from elsewhere at insane rates.
Posted by Asgard Device
The Daedalus
Member since Apr 2011
11562 posts
Posted on 10/22/14 at 9:03 pm to
quote:

quote: yutes did you say yutes?


Yep. Weak my cousin vinny reference.
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