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re: What are the OTs thoughts on Broadmoor Sherwood Forest area

Posted on 9/14/16 at 8:41 am to
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75185 posts
Posted on 9/14/16 at 8:41 am to
quote:

Vietnam


Funny you mention that. I know several bigoted white couples that removed their children from STM due to Vietnamese kids. So, apparently if it's not the blacks these wanna be uppity whites are fleeing from, it's not Vietnamese people. Unreal.

Posted by c on z
Zamunda
Member since Mar 2009
127401 posts
Posted on 9/14/16 at 8:42 am to
quote:

Broadmoor area i dont consider it BR

How come? It's squarely within the city limits.
Posted by Hangit
The Green Swamp
Member since Aug 2014
39110 posts
Posted on 9/14/16 at 8:44 am to
I knew who all of those guys were but haven't kept up with anyone. Some of them came up through the Broadmoor school system and some were Sherwood.
Posted by Loubacca
sittin on the dock of the bay
Member since Feb 2005
4019 posts
Posted on 9/14/16 at 8:58 am to
I currently live in Broadmoor and have been here for 14 years. Broadmoor is doing just fine. It's a large, older neighborhood and the variety of houses is all over the spectrum. You have anywhere from 1700 sqft to 3500 sqft. Some are completely renovated and some haven't been updated since they were built. It's a very quiet neighborhood with a very active HOA. The police department is across airline, so we have a very good police presence with many officers that live here. I have over a half acre lot in the middle of the city with some great trees on my property. I don't know where else in the city I could have got the deal I got on my house. There is a good mix of races in the neighborhood but it's still majority white. It's also a very large neighborhood and no 2 houses look the same. There is also a newer section with houses less than 20 years old. There are great values in both neighborhoods.
My kids go to STM and the academics are just as good now as they were when I attended there in the 80's and 90's. They've had a major renovation recently and are still renovating currently. The school population is more diverse now, but it is mostly Asian kids who are a lot smarter than your kids are. The enrollment is down from years past but it is nicer having smaller teacher/student ratios.
Bottom line is my kids get a great education and I live within 10 mins from work in a house on a large lot, in a neighborhood with very little crime. Three of my neighbors are retired and sit around and watch houses all day long.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75185 posts
Posted on 9/14/16 at 9:03 am to
quote:

don't know where else in the city I could have got the deal I got on my house.


Jefferson Terrace
Tara
Cedarcrest
Posted by Loubacca
sittin on the dock of the bay
Member since Feb 2005
4019 posts
Posted on 9/14/16 at 9:07 am to
Jefferson Terrace and Tara cost significantly more. The lots in Tara are smaller. Cedarcrest is not comparable.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75185 posts
Posted on 9/14/16 at 9:09 am to
Significantly more?? When was the last time you priced homes in the aforementioned neighborhoods?
Posted by Loubacca
sittin on the dock of the bay
Member since Feb 2005
4019 posts
Posted on 9/14/16 at 9:14 am to
I drive through Tara almost daily and I'm on their nextdoor page. For a comparable house in Jefferson Terrace it is significantly more. Cedarcrest is not comparable.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75185 posts
Posted on 9/14/16 at 9:16 am to
Loubacca, this conversation as far as I am concerned is over.

Posted by Loubacca
sittin on the dock of the bay
Member since Feb 2005
4019 posts
Posted on 9/14/16 at 9:20 am to
You live in suburban heaven bruh
Posted by TheFonz
Somewhere in Louisiana
Member since Jul 2016
20376 posts
Posted on 9/14/16 at 9:27 am to
quote:

Significantly more?? When was the last time you priced homes in the aforementioned neighborhoods?


My folks sold their house in the older part of Jefferson Terrace last year for $165k. About 1,700 sq. ft. IIRC. House was built in the late 1950's. May have been able to have gotten more if he was willing to hold out but he had just retired and wanted to get out into the country. Not a bad return for a house they only paid $35k for in 1976. One acre lot. The people who bought it will rent it out for a couple of years until they are ready to knock down the old house and build a bigger one. This has happened to a lot of the old JT houses on the big lots. Jefferson Terrace was a good neighborhood to grow up in the 70's - 90's. Haven't lived there since 1999 so I don't know how the daily life is there now.
This post was edited on 9/14/16 at 9:29 am
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75185 posts
Posted on 9/14/16 at 9:32 am to
And what is wrong with that?
Posted by Godfather1
What WAS St George, Louisiana
Member since Oct 2006
79663 posts
Posted on 9/14/16 at 9:33 am to
quote:

How the hell did Sherwood Forest go down hill so fast?


Urban creep.
Posted by Grit-Eating Shin
You're an Idiot
Member since May 2013
8433 posts
Posted on 9/14/16 at 10:02 am to
Cedarcrest?? You've lost your mind. Tiny houses on tiny lots.

Tara is a lot more cookie-cutter & expensive, and the lots aren't nearly as big in JT (used to live there).
Posted by Fewer Kilometers
Baton Rouge
Member since Dec 2007
36040 posts
Posted on 9/14/16 at 10:52 am to
If you're looking for an all-white neighborhood, go somewhere else. It's a large area, and with all of the white flight in the 2000's, some of the homes that opened up were bought up by non-whites.

It's till good people who like to walk in the evenings and take their kids to Parkview Park, but they're no longer the all-white grandparents of the 90's and 2000's.

You're bordering Florida, so the retail is hit and miss. With Hi Nabor and Planet Fitness upgrading the Broadmoor Shopping Center, you've got that at least. They have another new strip mall being built from scratch in front of that shopping center.

It's never going to be the white refuge of the 60's and 70's. If that's what you're looking for, move out to the burbs or wait for St. George to put up their wall.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75185 posts
Posted on 9/14/16 at 11:07 am to
Good points
Posted by Jack Bauer7
Member since Jun 2012
5026 posts
Posted on 9/14/16 at 11:09 am to
if you're looking for all white neighborhoods, don't look anywhere in baton rouge
Posted by johnnyrocket
Ghetto once known as Baton Rouge
Member since Apr 2013
9790 posts
Posted on 9/14/16 at 11:10 am to
Yes, the area is diverse just like any area in EBRP. I jumped in and bought a lot of homes in the early 1990's when they had a lot of foreclosures. If I did not do that I could have never made the money I made off of them. A lot of the homes are larger homes that need a lot of work to update them. They will never hold their value to justify the money you have to put in them.

Most renters with families that are willing to pay good money are looking more in AP, Livingston Parish, or Tara/Old Goodwood area.

I have looked at some of the flooded homes in Sherwood and either people owe too much in them to give me a good price or its older people overestimating what a flooded house that is guted is worth. I am not paying $60k for a house that I have to put in $75k to $90k of work in to make it updated and appealing to renters. At that price I also would probably lose money trying to flip it. Neighborhood does not have the demand like Tara or Old Goodwood.

If you have cash in hand and cash to redo the house it maybe a good deal for someone looking to a house to live in for 10 yrs to maybe 15yrs is pushing it for this area.

After my cost I just cannot make much of a profit to mess with the neighborhood.
This post was edited on 9/14/16 at 11:14 am
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75185 posts
Posted on 9/14/16 at 11:28 am to
Do you even Bocage, bro?
Posted by longtooth
Member since Jun 2013
406 posts
Posted on 9/14/16 at 1:54 pm to
quote:

Yes, the area is diverse just like any area in EBRP. I jumped in and bought a lot of homes in the early 1990's when they had a lot of foreclosures. If I did not do that I could have never made the money I made off of them. A lot of the homes are larger homes that need a lot of work to update them. They will never hold their value to justify the money you have to put in them.

Most renters with families that are willing to pay good money are looking more in AP, Livingston Parish, or Tara/Old Goodwood area.

I have looked at some of the flooded homes in Sherwood and either people owe too much in them to give me a good price or its older people overestimating what a flooded house that is guted is worth. I am not paying $60k for a house that I have to put in $75k to $90k of work in to make it updated and appealing to renters. At that price I also would probably lose money trying to flip it. Neighborhood does not have the demand like Tara or Old Goodwood.

If you have cash in hand and cash to redo the house it maybe a good deal for someone looking to a house to live in for 10 yrs to maybe 15yrs is pushing it for this area.

After my cost I just cannot make much of a profit to mess with the neighborhood.


Referencing this and your other posts, I'm not sure that mostly speaking down about an area you are heavily invested in makes a ton of business sense, but that is just me.

And no, It isn't flipper territory...yet, but there is a market for people who want land and a fixer upper in the city. Tara is filling up and the estate sale homes you could get for $130,000 or less 3 or 4 years ago and fix up don't exist anymore. If you want into Tara you buy updated (when something hits the market) or you have to buy a 2,000 sq ft fixer upper for upwards of $220,000. I'll never understand why someone would rather live on busy Chevelle than a big arse lot on a quiet Broadmoor Cul de sac. Old Goodwood, which is as old or older than Broadmoor and has all the same problems with wiring, etc., will set you back nearly $250,000 for a tear down.

You can't dismiss these factors in my opinion. Once Tara reaches saturation and younger homebuyers are priced out or those homes don't meet their needs for a bigger yard, high ground, square footage, architectural style, etc it is a good bet they will at least give the Broadmoor area a look. It is certainly a viable alternative.

I lived in Tara for 5 years and it was absolutely flat for 3 of those years. No sign of life. No updated landscaping or even new windows...It absolutely caught fire in those last 2 years I lived there and the same things you are saying about Broadmoor were being said about Tara when I bought there.

The other factor is that the flood limited the supply of homes and Broadmoor in particular stands to benefit in that it was almost 100% high-and-dry. So I'm a bit more optimistic about the area.
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